XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenue:    
Product $ 1,761 $ 1,614
Maintenance 2,643 2,679
Revenues 4,404 4,293
Cost of revenue:    
Product 205 152
Maintenance 671 839
Gross profit 3,528 3,302
Operating expenses:    
General and administrative 4,285 3,723
Sales and marketing 3,571 2,816
Research and development 7,351 6,324
Depreciation and amortization 51 68
Total 15,258 12,931
Loss from operations (11,730) (9,727)
Interest expense 463 591
Change in fair value of derivative liabilities 232 0
Other components of net periodic pension expense 118 98
Other income, net (34) (125)
Loss before income taxes (12,539) (10,193)
Income tax expense (benefit) 11 (124)
Net loss (12,550) (10,069)
Preferred dividends, deemed dividends and accretion (3,913) (2,400)
Preferred stock exchange 0 (1,245)
Net loss available to common shareholders $ (16,463) $ (13,714)
Basic and diluted loss per common share - see Note 2:    
Net loss $ (0.13) $ (0.11)
Preferred dividends (0.04) (0.03)
Preferred stock exchange (0.00) (0.01)
Basic and diluted loss per share available to common shareholders $ (0.17) $ (0.15)
Basic and diluted weighted-average shares outstanding 95,210,572 92,816,723