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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Net licensing revenue $ 9,092 $ 6,269 $ 17,437 $ 12,793
Net e-commerce sales 24 52 71 119
Total revenues 9,116 6,321 17,508 12,912
Cost of goods sold 36 35 106 80
Gross profit 9,080 6,286 17,402 12,832
Operating expenses        
Salaries, benefits and employment taxes 4,217 3,073 8,427 6,176
Other design and marketing costs 831 808 1,660 1,092
Other selling, general and administrative expenses 1,988 535 3,294 1,521
Stock-based compensation 1,453 1,108 2,665 2,121
Depreciation and amortization 359 318 785 580
Total operating expenses 8,848 5,842 16,831 11,490
Other expenses (income)        
Gain on reduction of contingent obligation 0 (3,000) 0 (3,000)
Loss on extinguishment of debt 0 760 0 1,371
Total other income, net 0 (2,240) 0 (1,629)
Operating income 232 2,684 571 2,971
Interest and finance expense        
Interest expense - term debt 352 309 663 621
Other interest and finance charges 178 124 302 323
Total interest and finance expense 530 433 965 944
Income (loss) from continuing operations before income taxes (298) 2,251 (394) 2,027
Income tax (benefit) provision (208) 90 (259) (16)
Income (loss) from continuing operations (90) 2,161 (135) 2,043
Loss from discontinued operations, net 0 (54) 0 (267)
Net income (loss) $ (90) $ 2,107 $ (135) $ 1,776
Basic and diluted net (loss) income per share:        
Continuing operations (in dollars per share) $ (0.00) $ 0.15 $ (0.01) $ 0.14
Discontinued operations, net (in dollars per share) 0 (0.01) 0 (0.02)
Net (loss) income (in dollars per share) (0.00) 0.14 (0.01) 0.12
Diluted net (loss) income per share:        
Continuing operations (in dollars per share) (0.00) 0.14 (0.01) 0.13
Discontinued operations, net (in dollars per share) 0 (0.01) 0 (0.02)
Net (loss) income (in dollars per share) $ (0.00) $ 0.13 $ (0.01) $ 0.11
Basic weighted average common shares outstanding (in shares) 18,671,648 14,850,874 18,565,198 14,462,305
Diluted weighted average common shares outstanding (in shares) 18,671,648 15,963,975 18,565,198 15,575,406