Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited) (Tables)

v2.4.0.8
Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

The following table presents certain unaudited quarterly financial information for the eight quarters ended December 31, 2013. This information has been prepared on the same basis as the audited consolidated financial statements and includes all adjustments necessary to state fairly the unaudited quarterly results of operations. Net loss per common share, basic and diluted for the four quarters of each fiscal year, may not sum to the total for the fiscal year because of the different weighted average number of shares outstanding in each of the periods.

 

2013

   First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
 

(in thousands, except per share data)

        

Revenue

   $     2,922     $ 3,180     $ 3,181     $ 3,212   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ (9,214 )   $ (12,788 )   $ 1,176     $ (7,589
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) per common share

        

Basic

   $ (0.16 )   $ (0.22 )   $ 0.02     $ (0.13
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

   $ (0.16 )   $ (0.22 )   $ (0.08 )   $ (0.13
  

 

 

   

 

 

   

 

 

   

 

 

 

 

2012

   First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
 

(in thousands, except per share data)

        

Revenue

   $ 252     $ 1,797     $ 1,797     $ 2,021  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ (115,533 )   $ 17,001     $ (991 )   $ 28,388  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income (loss) per common share

        

Basic

   $ (2.30 )   $ 0.31     $ (0.02 )   $ 0.50  
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

   $ (2.30 )   $ (0.04 )   $ (0.06 )   $ (0.10 )