| 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 |
) |
|