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Selected Quarterly Financial Information (UNAUDITED)
 12 Months Ended
Dec. 31, 2016
Selected Quarterly Financial Information (UNAUDITED) [Abstract]  
Selected Quarterly Financial Information (UNAUDITED)
15. Selected Quarterly Financial Information (UNAUDITED, in thousands, except per share data)

BioTime has derived this data from the unaudited consolidated interim financial statements that, in BioTime’ s opinion, have been prepared on substantially the same basis as the audited consolidated financial statements contained herein and include all normal recurring adjustments necessary for a fair presentation of the financial information for the periods presented. These unaudited consolidated quarterly results should be read in conjunction with the consolidated financial statements and notes thereto included herein. The consolidated operating results in any quarter are not necessarily indicative of the consolidated results that may be expected for any future period.

Year Ended December 31, 2016
 
First
Quarter
  
Second
Quarter
  
Third
Quarter
  
Fourth
Quarter
 
Revenues, net
 
$
1,848
  
$
1,171
  
$
1,441
  
$
1,103
 
Operating expenses
  
25,606
   
15,574
   
10,996
   
12,356
 
Loss from operations
  
(23,758
)
  
(14,403
)
  
(9,555
)
  
(11,253
)
Net income (loss) attributable to BioTime, Inc.
  
(17,112
)
  
24,549
   
31,199
   
(4,945
)
                 
Basic and diluted net income (loss) per share
 
$
(0.19
)
 
$
0.26
  
$
0.30
  
$
(0.05
)
                 
Year Ended December 31, 2015
                
Revenues, net
 
$
1,000
  
$
1,749
  
$
1,874
  
$
1,306
 
Operating expenses
  
14,502
   
15,245
   
18,978
   
23,013
 
Loss from operations
  
(13,502
)
  
(13,496
)
  
(17,104
)
  
(21,707
)
Net loss attributable to BioTime, Inc.(1)
  
(10,167
)
  
(9,691
)
  
(13,626
)
  
(13,507
)
                 
Basic and diluted net loss per share
 
$
(0.13
)
 
$
(0.12
)
 
$
(0.18
)
 
$
(0.16
)

(1)
Net of $4.5 million of deferred income tax benefits for 2015, entirely attributable to Asterias.