XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES:        
Subscription and advertisement revenues $ 288 $ 357 $ 631 $ 676
Royalties from product sales 86 117 286 274
Grant income 760 1,437 2,247 2,130
Sale of research products and services 132 98 176 188
Total revenues 1,266 2,009 3,340 3,268
Cost of sales (95) (260) (320) (525)
Gross Profit 1,171 1,749 3,020 2,743
OPERATING EXPENSES:        
Research and development (8,938) (9,059) (22,671) (18,383)
General and administrative (6,636) (6,186) (18,509) (11,365)
Total operating expenses (15,574) (15,245) (41,180) (29,748)
Loss from operations (14,403) (13,496) (38,160) (27,005)
OTHER INCOME/(EXPENSES):        
Interest income/(expense), net (76) 4 (88) (79)
BioTime's share of losses in equity method investment in Ascendance (98) 0 (333) 0
Gain on deconsolidation of Asterias (Note 3) 49,048 0 49,048 0
Loss on equity method investment in Asterias at fair value (Note 4) (13,483) 0 (13,483) 0
Other income/(expense), net 237 225 363 35
Total other income/(expense), net 35,628 229 35,507 (44)
INCOME (LOSS) BEFORE INCOME TAX BENEFIT 21,225 (13,267) (2,653) (27,049)
Deferred income tax benefit 0 1,271 0 2,448
NET INCOME (LOSS) 21,225 (11,996) (2,653) (24,601)
Net loss attributable to non-controlling interest 3,324 2,305 10,091 4,736
NET INCOME (LOSS) ATTRIBUTABLE TO BIOTIME, INC. 24,549 (9,691) 7,438 (19,865)
Dividends on preferred shares 0 (52) 0 (52)
NET INCOME (LOSS) ATTRIBUTABLE TO BIOTIME, INC. COMMON SHAREHOLDERS $ 24,549 $ (9,743) $ 7,438 $ (19,917)
NET INCOME (LOSS) PER COMMON SHARE:        
BASIC (in dollars per share) $ 0.26 $ (0.12) $ 0.08 $ (0.25)
DILUTED (in dollars per share) $ 0.26 $ (0.12) $ 0.08 $ (0.25)
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING:        
BASIC (in shares) 93,240 78,362 91,831 78,312
DILUTED (in shares) 95,801 78,362 95,360 78,312