Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited)

v3.3.1.900
Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)

NOTE 12—QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table presents certain unaudited quarterly financial information for the eight quarters ended December 31, 2015. 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.

 

2015

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

3,681

 

 

$

3,680

 

 

$

3,680

 

 

$

65,874

 

Net income (loss)

 

$

(11,154

)

 

$

(8,306

)

 

$

(6,431

)

 

$

69,713

 

Net income (loss) per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.17

)

 

$

(0.12

)

 

$

(0.09

)

 

$

0.98

 

Diluted

 

$

(0.17

)

 

$

(0.12

)

 

$

(0.09

)

 

$

0.86

 

 

2014

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

3,681

 

 

$

3,680

 

 

$

3,680

 

 

$

3,681

 

Net income (loss)

 

$

(7,109

)

 

$

(766

)

 

$

(7,745

)

 

$

(5,964

)

Net income (loss) per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.12

)

 

$

(0.01

)

 

$

(0.13

)

 

$

(0.09

)

Diluted

 

$

(0.14

)

 

$

(0.12

)

 

$

(0.15

)

 

$

(0.12

)