QUARTERLY INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY INFORMATION (UNAUDITED)

The following table sets forth selected quarterly financial data for 2016, 2015 and 2014 (in thousands, except share and per share data):

		2016 (by quarter)
	1	2	3	4
Revenues		$	1,043		$	996		$	848		$	925
Cost of Sales			279			275			232			284
Operating expenses			3,028			2,995			2,955			3,226
Loss from Operations			(2,264	)		(2,274	)		(2,339	)		(2,585	)
Interest expense (income), net			11			36			89			109
Other expense (income), net			(1	)		(200	)		-			-
Income tax expense (benefit)			3			4			3			11
Net loss		$	(2,277	)	$	(2,114	)	$	(2,431	)	$	(2,705	)
Net loss per share:
Net loss		$	(0.03	)	$	(0.02	)	$	(0.03	)	$	(0.03	)
Preferred dividends		$	(0.00	)	$	(0.01	)	$	(0.00	)	$	(0.00	)
Basic loss per share to common shareholders		$	(0.03	)	$	(0.03	)	$	(0.03	)	$	(0.00	)
Basic weighted-average shares outstanding			94,073,367			94,298,567			94,550,721			94,779,243

		2015 (by quarter)
	1	2	3	4
Revenues		$	991		$	1,695		$	1,181		$	902
Cost of Sales			286			798			321			539
Operating expenses			2,641			2,660			2,813			2,921
Loss from Operations			(1,936	)		(1,763	)		(1,953	)		(2,558	)
Interest expense (income), net			437			(2	)		1			11
Other expense (income), net			(46	)		—			(99	)		—
Income tax expense (benefit)			3			6			3			10
Net loss		$	(2,330	)	$	(1,767	)	$	(1,858	)	$	(2,579	)
Net loss per share:
Net loss		$	(0.03	)	$	(0.02	)	$	(0.02	)	$	(0.03	)
Preferred dividends		$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Basic loss per share to common shareholders		$	(0.03	)	$	(0.02	)	$	(0.02	)	$	(0.03	)
Basic weighted-average shares outstanding			93,515,640			93,674,349			93,876,339			94,070,895

		2014 (by quarter)
	1	2	3	4
Revenues		$	1,063		$	937		$	919		$	1,240
Cost of Sales			251			232			248			261
Operating expenses			2,706			2,667			2,793			2,797
Loss from Operations			(1,894	)		(1,962	)		(2,122	)		(1,818	)
Interest expense (income), net			79			105			104			128
Other expense (income), net			(283	)		(5	)		(1	)		(8	)
Income tax expense (benefit)			—			12			3			10
Net loss		$	(1,690	)	$	(2,074	)	$	(2,228	)	$	(1,948	)
Net loss per share:
Net loss		$	(0.02	)	$	(0.02	)	$	(0.02	)	$	(0.02	)
Preferred dividends		$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Basic loss per share to common shareholders		$	(0.02	)	$	(0.02	)	$	(0.02	)	$	(0.02	)
Basic weighted-average shares outstanding			88,604,221			91,930,400			93,162,548			93,384,834