Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

v3.19.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net revenues $ 5,510 $ 14,185 $ 10,825 $ 19,165
Cost of revenues 2,722 3,069 5,339 5,936
Gross profit 2,788 11,116 5,486 13,229
Operating expenses:        
Sales and marketing 665 1,414 1,389 3,332
General and administrative 3,970 3,318 7,945 7,807
Research and development 1,077 1,718 2,386 4,018
Total operating expenses 5,712 6,450 11,720 15,157
Operating (loss) income (2,924) 4,666 (6,234) (1,928)
Interest expense        
Interest expense (151) (183) (339) (385)
Fair value adjustment for warrant liabilities 0 0 0 (54)
Impairment of digital currencies 0 (21) 0 (334)
Other income 13 10 17 9
Total other expense (138) (194) (322) (764)
(Loss) income before taxes (3,062) 4,472 (6,556) (2,692)
Income tax expense (5) 0 (5) 0
Net (loss) income (3,067) 4,472 (6,561) (2,692)
Other comprehensive loss        
Cumulative translation adjustment (30) (81) (3) (27)
Comprehensive (loss) income $ (3,097) $ 4,391 $ (6,564) $ (2,719)
Net (loss) income per share, basic (in dollars per share) $ (0.08) $ 0.18 $ (0.19) $ (0.11)
Net (loss) income per share, diluted (in dollars per share) $ (0.08) $ 0.17 $ (0.19) $ (0.11)
Weighted-average shares used to compute net (loss) income per share, basic (in shares) 38,810 25,396 34,537 25,174
Weighted-average shares used to compute net (loss) income per share, diluted (in shares) 38,810 26,164 34,537 25,174