UNAUDITED QUARTERLY OPERATING RESULTS (Tables)
12 Months Ended
Dec. 31, 2016
UNAUDITED QUARTERLY OPERATING RESULTS.  
Summary of unaudited quarterly results of operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

Year ended December 31, 2016

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

Product revenues, net

 

 

$

 -

 

$

 -

 

$

408

 

$

1,303

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs and expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of product revenues

 

 

 

 -

 

 

 -

 

 

29

 

 

184

Research and development

 

 

 

4,062

 

 

4,301

 

 

3,254

 

 

3,331

Selling, general and administrative

 

 

 

11,525

 

 

20,173

 

 

23,567

 

 

25,367

Total costs and expenses

 

 

 

15,587

 

 

24,474

 

 

26,850

 

 

28,882

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

 

$

(15,587)

 

$

(24,474)

 

$

(26,442)

 

$

(27,579)

Other (expense) income, net

 

 

 

(66)

 

 

(46)

 

 

(2)

 

 

20

Net loss

 

 

$

(15,653)

 

$

(24,520)

 

$

(26,444)

 

$

(27,559)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares - basic and diluted

 

 

 

23,130,153

 

 

23,417,378

 

 

23,460,340

 

 

27,100,231

Loss per share - basic and diluted

 

 

$

(0.68)

 

$

(1.05)

 

$

(1.13)

 

$

(1.02)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

Year ended December 31, 2015

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

Costs and expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

$

1,445

 

$

1,641

 

$

3,358

 

$

1,531

Selling, general and administrative

 

 

 

2,186

 

 

2,934

 

 

5,907

 

 

7,905

Total costs and expenses

 

 

 

3,631

 

 

4,575

 

 

9,265

 

 

9,436

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

 

$

(3,631)

 

$

(4,575)

 

$

(9,265)

 

$

(9,436)

Other expense, net

 

 

 

(63)

 

 

(99)

 

 

(97)

 

 

(89)

Net loss

 

 

$

(3,694)

 

$

(4,674)

 

$

(9,362)

 

$

(9,525)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in computing net loss per share-basic

 

 

 

1,001,704

 

 

11,791,546

 

 

20,531,406

 

 

20,558,205

Shares used in computing net loss per share-diluted

 

 

 

7,554,524

 

 

11,791,546

 

 

20,531,406

 

 

20,558,205

Net income (loss) per share-basic

 

 

$

0.34

 

$

(0.45)

 

$

(0.46)

 

$

(0.46)

Net loss per share-diluted

 

 

$

(0.65)

 

$

(0.45)

 

$

(0.46)

 

$

(0.46)