XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Product $ 800 $ 511 $ 2,057 $ 1,871
Maintenance 699 640 1,363 1,308
Total 1,499 1,151 3,420 3,179
Cost of revenues:        
Product 175 144 306 672
Maintenance 209 254 447 501
Gross profit 1,115 753 2,667 2,006
Operating expenses:        
General and administrative 486 680 993 1,376
Sales and marketing 361 381 733 773
Research and development 685 666 1,312 1,363
Depreciation and amortization 7 12 14 26
Total 1,539 1,739 3,052 3,538
Loss from operations (424) (986) (385) (1,532)
Interest expense, net 641 334 1,269 576
Change in fair value of additional financing obligation    (744)    (515)
Change in fair value of derivative liabilities (4,585) (4,154) 2,688 (3,677)
Other income, net (4) (284) (10) (301)
Income (loss) before income taxes 3,524 3,862 (4,332) 2,385
Income tax expense 2 197 4 197
Net income (loss) 3,522 3,665 (4,336) 2,188
Preferred dividends (99) (98) (202) (197)
Net income (loss) available to common shareholders $ 3,423 $ 3,567 $ (4,538) $ 1,991
Basic income (loss) per common share:        
Net income (loss) $ 0.14 $ 0.16 $ (0.17) $ 0.1
Preferred dividends $ (0.01) $ 0.00 $ (0.01) $ (0.01)
Basic income (loss) per share available to common shareholders $ 0.13 $ 0.16 $ (0.18) $ 0.09
Basic weighted-average shares 25,791,667 22,999,903 25,555,906 22,490,894
Diluted income (loss) per common share:        
Diluted income (loss) per share $ 0.06 $ 0.1 $ (0.18) $ 0.06
Diluted weighted-average shares 60,044,418 38,450,724 25,555,906 38,932,189