| Schedule of Quarterly Financial Data |
Quarterly financial information for fiscal 2014 and 2013 are presented in the following table, in thousands, except per share data:
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For the Quarter Ending |
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March 31 |
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June 30 |
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September 30 |
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December 31 |
2014: |
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Net sales |
$ |
627 |
|
|
$ |
1,046 |
|
|
$ |
1,101 |
|
|
$ |
1,460 |
|
Grant and other revenue |
125 |
|
|
28 |
|
|
1,149 |
|
|
738 |
|
Gross profit |
559 |
|
|
804 |
|
|
1,442 |
|
|
1,884 |
|
Operating expenses |
9,138 |
|
|
10,020 |
|
|
6,805 |
|
|
6,360 |
|
Operating loss |
(8,579 |
) |
|
(9,216 |
) |
|
(5,362 |
) |
|
(4,476 |
) |
Net loss attributable to common stockholders |
(11,741 |
) |
|
(10,222 |
) |
|
(6,899 |
) |
|
(6,865 |
) |
Basic and diluted net loss per share (1)
|
$ |
(0.08 |
) |
|
$ |
(0.07 |
) |
|
$ |
(0.05 |
) |
|
$ |
(0.05 |
) |
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2013: |
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Net sales |
$ |
— |
|
|
$ |
128 |
|
|
$ |
144 |
|
|
$ |
343 |
|
Grant and other revenue |
— |
|
|
67 |
|
|
257 |
|
|
192 |
|
Gross profit |
— |
|
|
90 |
|
|
325 |
|
|
383 |
|
Operating expenses |
7,004 |
|
|
8,546 |
|
|
10,250 |
|
|
13,436 |
|
Operating loss |
(7,004 |
) |
|
(8,456 |
) |
|
(9,925 |
) |
|
(13,053 |
) |
Net loss attributable to common stockholders |
(7,341 |
) |
|
(10,300 |
) |
|
(11,306 |
) |
|
(13,752 |
) |
Basic and diluted net loss per share (1)
|
$ |
(0.06 |
) |
|
$ |
(0.09 |
) |
|
$ |
(0.09 |
) |
|
$ |
(0.10 |
) |
(1) Net loss per share is computed independently for each of the quarters presented. Therefore the sum of the quarterly per-share calculations will not necessarily equal the annual per share calculation.
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