Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Statements of Operations

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Unaudited Condensed Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Total revenue and gross profit $ 64 $ 65 $ 129 $ 130
Operating expenses:        
Research and development 3,282 1,823 7,069 3,143
Selling, general and administrative 3,275 2,255 5,485 3,461
Total operating expenses 6,557 4,078 12,554 6,604
Loss from operations (6,493) (4,013) (12,425) (6,474)
Other (income) expense:        
Amortization of deferred financing costs and debt discount 0 219 0 755
Loss on extinguishment of debt 0 1,389 0 1,389
Interest (income) expense (1) 5 (2) 49
Derivative fair value adjustment 0 (7,297) 0 (10,080)
Other expense 0 0 0 10
Total other (income) expense (1) (5,684) (2) (7,877)
(Loss) income from continuing operations (6,492) 1,671 (12,423) 1,403
Discontinued operations:        
(Loss) income from discontinued operations, including $1,350 impairment charge on classification as held for sale for the three and six months ended June 30, 2015 (3,005) 562 (3,458) 1,242
Net (loss) income (9,497) 2,233 (15,881) 2,645
Deemed dividends, accretion, and allocation of net income to convertible preferred stockholders 0 (262) 0 (1,936)
Net (loss) income attributable to common stockholders - basic (9,497) 1,971 (15,881) 709
Derivative fair value adjustment 0 (7,297) 0 (10,080)
Net loss attributable to common stockholders - diluted $ (9,497) $ (5,326) $ (15,881) $ (9,371)
(Loss) income per share attributable to common stockholders - basic        
Continuing operations, per basic share $ (0.53) $ 0.27 $ (1.20) $ (0.19)
Discontinued operations, per basic share (0.25) 0.11 (0.33) 0.45
Earnings Per Share, Basic (0.78) 0.38 (1.53) 0.26
(Loss) income per share attributable to common stockholders - diluted        
Continuing operations, per diluted share (0.53) (1.08) (1.20) (3.49)
Discontinued operations, per diluted share (0.25) 0.10 (0.33) 0.41
Earnings Per Share, Diluted $ (0.78) $ (0.98) $ (1.53) $ (3.08)
Weighted average common shares outstanding:        
Basic (shares) 12,249,487 5,181,174 10,393,289 2,771,020
Diluted (shares) 12,249,487 5,454,371 10,393,289 3,044,729