Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Operations

v2.4.1.9
Consolidated Statement of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenue:      
Medical devices $ 2,924us-gaap_SalesRevenueGoodsNet $ 1,612us-gaap_SalesRevenueGoodsNet $ 566us-gaap_SalesRevenueGoodsNet
Engineering services 2,403us-gaap_SalesRevenueServicesNet 1,690us-gaap_SalesRevenueServicesNet 2,140us-gaap_SalesRevenueServicesNet
Total revenue 5,327us-gaap_SalesRevenueNet 3,302us-gaap_SalesRevenueNet 2,706us-gaap_SalesRevenueNet
Cost of revenue:      
Cost of medical devices 2,048us-gaap_CostOfGoodsSold 1,461us-gaap_CostOfGoodsSold 553us-gaap_CostOfGoodsSold
Cost of engineering services 1,720us-gaap_CostOfServices 1,254us-gaap_CostOfServices 1,783us-gaap_CostOfServices
Total cost of revenue 3,768us-gaap_CostOfGoodsAndServicesSold 2,715us-gaap_CostOfGoodsAndServicesSold 2,336us-gaap_CostOfGoodsAndServicesSold
Gross profit 1,559us-gaap_GrossProfit 587us-gaap_GrossProfit 370us-gaap_GrossProfit
Operating expenses:      
Sales and marketing 7,085us-gaap_SellingAndMarketingExpense 4,291us-gaap_SellingAndMarketingExpense 5,926us-gaap_SellingAndMarketingExpense
Research and development 3,868us-gaap_ResearchAndDevelopmentExpense 2,677us-gaap_ResearchAndDevelopmentExpense 4,304us-gaap_ResearchAndDevelopmentExpense
General and administrative 7,400us-gaap_GeneralAndAdministrativeExpense 3,913us-gaap_GeneralAndAdministrativeExpense 4,381us-gaap_GeneralAndAdministrativeExpense
Total operating expenses 18,353us-gaap_OperatingExpenses 10,881us-gaap_OperatingExpenses 14,611us-gaap_OperatingExpenses
Loss from operations (16,794)us-gaap_OperatingIncomeLoss (10,294)us-gaap_OperatingIncomeLoss (14,241)us-gaap_OperatingIncomeLoss
Other income (expense):      
Interest expense (435)us-gaap_InterestExpense (1,726)us-gaap_InterestExpense (736)us-gaap_InterestExpense
Gain (loss) on warrant liability (16,485)us-gaap_FairValueAdjustmentOfWarrants 186us-gaap_FairValueAdjustmentOfWarrants 17us-gaap_FairValueAdjustmentOfWarrants
Interest income 6us-gaap_InvestmentIncomeInterest 5us-gaap_InvestmentIncomeInterest 11us-gaap_InvestmentIncomeInterest
Other expense, net (61)us-gaap_NonoperatingIncomeExpense (58)us-gaap_NonoperatingIncomeExpense (93)us-gaap_NonoperatingIncomeExpense
Total other income (expense), net (16,975)us-gaap_OtherNonoperatingIncomeExpense (1,593)us-gaap_OtherNonoperatingIncomeExpense (801)us-gaap_OtherNonoperatingIncomeExpense
Net loss $ (33,769)us-gaap_NetIncomeLoss $ (11,887)us-gaap_NetIncomeLoss $ (15,042)us-gaap_NetIncomeLoss
Basic and diluted net loss per share $ (0.43)us-gaap_EarningsPerShareBasicAndDiluted $ (0.57)us-gaap_EarningsPerShareBasicAndDiluted $ (0.75)us-gaap_EarningsPerShareBasicAndDiluted
Shares used to compute basic and diluted net loss per share 78,264,040us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 20,977,177us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 20,167,662us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted