Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.7.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Revenue, net $ 26,192 $ 32,867 $ 52,201 $ 75,779
Cost of revenue [1] 18,576 22,181 38,115 49,880
Gross profit 7,616 10,686 14,086 25,899
Operating expenses:        
Advertising and promotion 2,240 2,686 4,128 6,973
Salaries and benefits 2,620 3,292 5,889 12,912
Selling, general and administrative 2,829 4,424 5,715 8,667
Research and development 152 531 289 1,394
Professional fees 727 1,742 1,609 3,130
Restructuring and other charges 0 (4,820) 0 (4,246)
Settlement of obligation 1,453 0 1,453 0
Impairment of assets 0 4,313 0 4,313
Total operating expenses 10,021 12,168 19,083 33,143
Loss from operations (2,405) (1,482) (4,997) (7,244)
Gain on settlement of accounts payable 22 0 471 0
Loss on sale of subsidiary 0 (2,115)   (2,115)
Other expense, net (Note 7) (690) (592) (1,668) (1,304)
Loss before provision for income taxes (3,073) (4,189) (6,194) (10,663)
Provision for income taxes 76 7 104 138
Net loss $ (3,149) $ (4,196) $ (6,298) $ (10,801)
Net loss per share, basic and diluted $ (0.23) $ (0.30) $ (0.46) $ (0.78)
Weighted average shares used to compute net loss per share, basic and diluted 13,845,301 13,874,209 13,809,603 13,855,754
[1] Cost of revenue for the three and six months ended June 30, 2016 included restructuring charges of $0.5 million and $2.2 million, respectively, related to write-down of inventory for discontinued products