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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES:        
Grant income $ 1,109 $ 1,466 $ 3,346 $ 3,596
Royalties from product sales and license fees 177 357 463 631
Subscription and advertisement revenues 69 343 700 1,020
Sale of research products and services 144 140 331 328
Total revenues 1,499 2,306 4,840 5,575
Cost of sales (58) (432) (378) (957)
Gross Profit 1,441 1,874 4,462 4,618
OPERATING EXPENSES:        
Research and development (6,422) (11,433) (29,093) (29,816)
General and administrative (4,574) (7,545) (23,083) (18,911)
Total operating expenses (10,996) (18,978) (52,176) (48,727)
Loss from operations (9,555) (17,104) (47,714) (44,109)
OTHER INCOME/(EXPENSES):        
Interest income/(expense), net (167) (12) (513) (207)
BioTime's share of losses in equity method investment in Ascendance (855) 0 (1,189) 0
Gain on deconsolidation of Asterias (Note 3) 0 0 49,048 0
Gain on equity method investment in Asterias at fair value (Note 4) 40,015 0 26,532 0
Other income/(expense), net (173) (573) 197 (408)
Total other income/(expense), net 38,820 (585) 74,075 (615)
INCOME (LOSS) BEFORE INCOME TAX BENEFIT 29,265 (17,689) 26,361 (44,724)
Deferred income tax benefit 0 948 0 3,395
NET INCOME (LOSS) 29,265 (16,741) 26,361 (41,329)
Net loss attributable to non-controlling interest 1,934 3,115 12,286 7,762
NET INCOME (LOSS) ATTRIBUTABLE TO BIOTIME, INC. 31,199 (13,626) 38,647 (33,567)
Dividends on preferred shares 0 (363) 0 (415)
NET INCOME (LOSS) ATTRIBUTABLE TO BIOTIME, INC. COMMON SHAREHOLDERS $ 31,199 $ (13,989) $ 38,647 $ (33,982)
NET INCOME (LOSS) PER COMMON SHARE:        
BASIC (in dollars per share) $ 0.30 $ (0.18) $ 0.40 $ (0.43)
DILUTED (in dollars per share) $ 0.30 $ (0.18) $ 0.39 $ (0.43)
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING:        
BASIC (in shares) 102,711 79,224 95,484 78,619
DILUTED (in shares) 103,613 79,224 99,073 78,619