Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited)

v3.19.1
Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
20. Selected Quarterly Financial Data (Unaudited)
 
The following table contains quarterly financial information for fiscal years 2018 and 2017. The Company believes that the following information reflects all normal recurring adjustments necessary for a fair statement of the information for the periods presented.
 
($ in thousands, except per share data)
 
First Quarter
 
 
Second Quarter
 
 
Third Quarter
 
 
Fourth Quarter
 
2018
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenue
 
$
5,903
  
 
$
6,815
  
 
$
5,173
  
 
$
8,991
  
Operating expenses
 
$
(40,075
)
 
$
(32,213
)
 
$
(33,378
)
 
$
(41,213
)
Other expense
 
$
(1,969
)
 
$
(3,394
)
 
$
(3,030
)
 
$
(2,410
)
Gain from disposal of National
 
$
–
  
 
$
–
  
 
$
–
  
 
$
2,333
  
Gain (loss) from discontinued operations
 
$
(2,077
)
 
$
(6,924
)
 
$
2,648
 
 
$
(7,116
)
Non-controlling interests
 
$
17,200
 
 
$
14,105
 
 
$
11,949
 
 
$
14,535
  
Net loss attributable to common stockholders
 
$
(21,018
)
 
$
(21,611
)
 
$
(16,638
)
 
$
(24,880
)
Basic and diluted net loss per common share
 
$
(0.49
)
 
$
(0.50
)
 
$
(0.37
)
 
$
(0.55
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenue
 
$
2,778
  
 
$
4,404
  
 
$
2,520
  
 
$
7,543
  
Operating expenses
 
$
(19,125
)
 
$
(25,495
)
 
$
(31,799
)
 
$
(30,622
)
Other expense
 
$
(1,248
)
 
$
(1,674
)
 
$
(3,067
)
 
$
(1,728
)
Gain (loss) from discontinued operations
 
$
3,034
  
 
$
(184
)
 
$
(3,961
)
 
$
(1,212
)
Non-controlling interests
 
$
2,580
 
 
$
5,584
 
 
$
9,191
 
 
$
15,605
 
Net loss attributable to common stockholders
 
$
(11,982
)
 
$
(17,365
)
 
$
(27,116
)
 
$
(10,413
)
Basic and diluted net loss per common share
 
$
(0.30
)
 
$
(0.43
)
 
$
(0.67
)
 
$
(0.25
)