XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES:        
Grant revenue $ 529 $ 1,941 $ 1,278 $ 2,266
Royalties from product sales and license fees 140 91 226 227
Subscription and advertisement revenues 333 572
Sale of research products and services 110 182 203 182
Total revenues 779 2,547 1,707 3,247
Cost of sales (107) (106) (175) (215)
Gross profit 672 2,441 1,532 3,032
OPERATING EXPENSES:        
Research and development 5,235 6,358 10,196 12,293
Acquired in-process research and development 800
General and administrative 6,258 5,227 14,918 11,163
Total operating expenses 11,493 11,585 25,114 24,256
Loss from operations (10,821) (9,144) (23,582) (21,224)
OTHER INCOME/(EXPENSES):        
Interest income, net 437 52 879 105
Gain on sale of equity method investment in Ascendance 3,215
Unrealized (loss) gain on marketable equity securities (607) 397 1,324 612
Unrealized gain on warrant liability 234 460 271 351
Other (expense) income, net 882 (839) 1,688 (1,014)
Total other (expense) income, net (20,479) 4,498 27,194 (47,120)
(LOSS)/INCOME BEFORE INCOME TAXES (31,300) (4,646) 3,612 (68,344)
Deferred income tax benefit 1,248 5,632
NET (LOSS)/INCOME (30,052) (4,646) 9,244 (68,344)
Net loss attributable to noncontrolling interest 20 431 34 581
NET (LOSS)/INCOME ATTRIBUTABLE TO BIOTIME, INC. $ (30,032) $ (4,215) $ 9,278 $ (67,763)
NET (LOSS)/INCOME PER COMMON SHARE:        
BASIC $ (0.20) $ (0.03) $ 0.07 $ (0.53)
DILUTED $ (0.20) $ (0.03) $ 0.07 $ (0.53)
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK OUTSTANDING:        
BASIC 149,582,000 126,873,000 141,270,000 126,871,000
DILUTED 149,582,000 126,873,000 141,270,000 126,871,000
OncoCyte Corporation [Member]        
OTHER INCOME/(EXPENSES):        
(Loss) gain on equity method investment $ (21,425) $ 6,603 $ 16,288 $ (30,816)
Asterias Biotherapeutics [Member]        
OTHER INCOME/(EXPENSES):        
(Loss) gain on equity method investment $ (2,175) $ 6,744 $ (19,573)