v3.19.3
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Product revenue, net $ 9,492,000 $ 5,168,000 $ 23,816,000 $ 17,366,000
Revenue - from a related party 280,000 5,000 1,683,000 525,000
Net revenue 9,772,000 5,173,000 25,499,000 17,891,000
Operating expenses        
Cost of goods sold - product revenue 2,702,000 1,406,000 6,972,000 4,546,000
Research and development 14,571,000 16,082,000 56,355,000 58,528,000
Research and development - licenses acquired 700,000 3,706,000 1,350,000 3,804,000
General and administrative 14,339,000 12,184,000 41,260,000 38,788,000
Total operating expenses 32,312,000 33,378,000 105,937,000 105,666,000
Loss from operations (22,540,000) (28,205,000) (80,438,000) (87,775,000)
Other income (expenses)        
Interest income 738,000 269,000 1,955,000 841,000
Interest expense and financing fee (3,168,000) (2,657,000) (8,743,000) (7,650,000)
Change in fair value of derivative liability   12,000   114,000
Change in fair value of subsidiary convertible note   (84,000)   26,000
Change in fair value of investments   (565,000)   (1,390,000)
Other loss       (333,000)
Gain on deconsolidation of Caelum     18,521,000  
Total other income (expenses) (2,430,000) (3,025,000) 11,733,000 (8,392,000)
Loss from continuing operations (24,970,000) (31,230,000) (68,705,000) (96,167,000)
Discontinued operations:        
Income (loss) from discontinued operations, net of tax   2,643,000   (6,354,000)
Total income (loss) from discontinued operations   2,643,000   (6,354,000)
Net loss (24,970,000) (28,587,000) (68,705,000) (102,521,000)
Less: net loss attributable to non-controlling interests 12,208,000 11,949,000 44,237,000 43,254,000
Net loss attributable to common stockholders $ (12,762,000) $ (16,638,000) $ (24,468,000) $ (59,267,000)
Loss from continuing operations per common share - basic and diluted $ (0.44) $ (0.70) $ (1.29) $ (2.21)
Income (loss) from discontinued operations per common share - basic and diluted   0.06   (0.15)
Net loss per common share attributable to common stockholders - basic and diluted $ (0.22) $ (0.37) $ (0.46) $ (1.36)
Weighted average common shares outstanding - basic and diluted 56,856,821 44,818,186 53,060,565 43,578,763

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