Quarterly report pursuant to Section 13 or 15(d) 09-30-2018

Discontinued Operations (Tables)

v3.10.0.1
Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations

As previously disclosed in Note 11, the Company completed the sale of its spine business in October 2018. Below is a summary of the retail spine operations that were sold.

 

Condensed Consolidated Balance Sheets - Unaudited

(in thousands, except share and per share data)

 

    September 30,
2018
    December 31,
2017
 
             
Assets                
Current assets held for sale:                
Retail spine inventory, net   $ 1,708     $ 1,602  
Long-term assets held for sale:                
Property and equipment, net     959       1,162  
Intangible assets, net     2,249       2,651  
Total assets   $ 4,916     $ 5,415  
                 
Liabilities                
Current liabilities held for sale:                
Debt – related party   $ 2,500     $ 2,356  

 

Condensed Consolidated Statements of Operations - Unaudited

(in thousands, except share and per share data)

 

   

Three Months Ended

September 30,

   

Nine Months Ended

September 30,

 
    2018     2017     2018     2017  
Product revenue   $ 1,844     $ 2,956     $ 6,174     $ 8,793  
Costs of revenue     429       1,408       1,474       2,791  
Gross profit     1,415       1,548       4,700       6,002  
Operating expenses:                                
Research and development     403       410       1,119       1,166  
General and administrative     198       191       547       546  
Sales and marketing     1,094       1,529       3,358       4,801  
Total operating expenses     1,695       2,130       5,024       6,513  
Loss from discontinued operations   $ (280 )   $ (582 )   $ (324 )   $ (511 )