Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues $ 212 $ 27 $ 595 $ 482
Cost of revenues 84 17 308 355
Gross profit 128 10 287 127
Operating expenses:        
Selling, general and administrative 674 591 1,899 1,850
Research and development 549 312 1,618 759
Total operating expenses 1,223 903 3,517 2,609
Gain on the sale of assets       (40)
Loss from continuing operations (1,095) (893) (3,230) (2,442)
Other income (expense):        
Interest expense (137) (116) (369) (277)
Foreign currency transaction gain 17   2  
Financing costs associated with convertible notes (80)   (80) (530)
Change in fair value of warrant liabilities (1,117) 232 (3,517) (872)
Change in fair value of convertible notes (757) 376 (4,218) (1,840)
Other income 4   24  
Total other (expense) income (2,070) 492 (8,158) (3,519)
Net loss from continuing operations before income taxes (3,165) (401) (11,388) (5,961)
Benefit for income taxes from continuing operations       492
Net loss from continuing operations, net of income taxes (3,165) (401) (11,388) (5,469)
Discontinued operations:        
Income from discontinued operations, net of income taxes       53
Gain on sale of discontinued operations, net of provision for income taxes of $492       687
Net income from discontinued operations, net of income taxes       740
Net loss $ (3,165) $ (401) $ (11,388) $ (4,729)
Net loss per weighted average share, basic and diluted:        
From loss on continuing operations attributable to common stockholders (in dollars per share) $ (0.10) $ (0.01) $ (0.37) $ (0.18)
From income on discontinued operations (in dollars per share)       $ 0.00
From gain on sale of discontinued operations (in dollars per share)       $ 0.02
Net loss attributable to common stockholders per weighted average share, basic and diluted (in dollars per share) $ (0.10) $ (0.01) $ (0.37) $ (0.16)
Weighted average shares outstanding:        
Basic (in shares) 30,397 30,351 30,912 30,351
Diluted (in shares) 30,397 30,351 30,912 30,351