Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited)

v3.3.1.900
Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
18. Selected Quarterly Financial Data (Unaudited)
 
The following table contains quarterly financial information for fiscal years 2015 and 2014. 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
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenue
 
$
500
 
$
-
 
$
25
 
$
338
 
Operating expenses
 
$
(12,571)
 
$
(7,762)
 
$
(18,097)
 
$
(12,964)
 
Other income/(expense)
 
$
(464)
 
$
1,344
 
$
(1,783)
 
$
(2,449)
 
Non controlling interests
 
$
479
 
$
243
 
$
1,694
 
$
3,039
 
Net loss attributable to common stockholders
 
$
(12,056)
 
$
(6,175)
 
$
(18,161)
 
$
(12,036)
 
Basic and diluted net loss per common share
 
$
(0.31)
 
$
(0.16)
 
$
(0.46)
 
$
(0.30)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating expenses
 
$
(6,582)
 
$
(4,763)
 
$
(4,346)
 
$
(4,961)
 
Other income/(expense)
 
$
(788)
 
$
52
 
$
(246)
 
$
1,248
 
Net loss
 
$
(7,370)
 
$
(4,711)
 
$
(4,592)
 
$
(3,713)
 
Basic and diluted net loss per common share
 
$
(0.21)
 
$
(0.13)
 
$
(0.13)
 
$
(0.10)