XML 70 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES:      
License fees $ 899,998 $ 263,757 $ 292,904
Royalties from product sales 541,681 756,950 945,521
Grant income 2,222,458 2,767,181 2,336,325
Sale of research products 251,190 646,271 133,268
Total revenues 3,915,327 4,434,159 3,708,018
Cost of sales (434,271) (79,397) (27,718)
Total revenues, net 3,481,056 4,354,762 3,680,300
EXPENSES:      
Research and development (18,116,688) (13,699,691) (8,191,314)
General and administrative (10,365,045) (9,341,502) (5,341,119)
Total expenses (28,481,733) (23,041,193) (13,532,433)
Loss from operations (25,000,677) (18,686,431) (9,852,133)
OTHER INCOME (EXPENSES):      
Interest income/(expense), net 19,383 29,727 (124,300)
Loss on sale of fixed assets (6,856) (6,246) 0
Modification cost of warrants 0 0 (2,142,201)
Other income/(expense), net (317,710) 219,067 (68,573)
Total other income/(expenses), net (305,183) 242,548 (2,335,074)
NET LOSS (25,305,860) (18,443,883) (12,187,207)
Net loss attributable to the noncontrolling interest 3,880,157 1,928,383 1,002,589
NET LOSS ATTRIBUTABLE TO BIOTIME, INC. (21,425,703) (16,515,500) (11,184,618)
Foreign currency translation gain/(loss) 63,179 (1,020,087) 897,338
COMPREHENSIVE LOSS $ (21,362,524) $ (17,535,587) $ (10,287,280)
BASIC AND DILUTED LOSS PER COMMON SHARE (in dollars per share) $ (0.44) $ (0.35) $ (0.28)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: BASIC AND DILUTED (in shares) 49,213,687 47,053,518 40,266,311