Annual Report & Accounts 2014 - Consolidated Statements of Operations
TYRATECH • ANNUAL REPORT 2014 • PAGE 25
C o n s o l i d at e d S t at e m e n t s o f O p e rat i o n s
Ye a rs E n d e d D e c e m b e r 3 1 , 2 0 1 4 & 2 0 1 3 i n $ 0 0 0 's,
exc ep t f o r s h a re d at a
2014 2013
Gross revenue:
Product $2,836 $-
Collaborative 2,097 1,366
Total gross revenue 4,933 1,366
Less: sales discounts, returns, and allowances 215 -
Total net revenue 4,718 1,366
Cost of revenue:
Product 940 -
Collaborative 242 733
Total cost of revenue 1,182 733
Gross profit 3,536 633
Costs and expenses:
General and administrative 3,558 2,798
Business development 3,357 430
Research and development 1,603 1,754
Total costs and expenses 8,518 4,982
Loss from operations (4,982) (4,349)
Other income (expense):
Interest income 1 1
Other income (expense) - 15
Net loss (from unconsolidated subsidiary) (300) (359)
Change in fair value of warrant liabilities 187 (210)
Total other income (expense) (112) (553)
Loss from operations before income taxes (5,094) (4,902)
Income tax expense - -
Net income (loss) $(5,094) $(4,902)
Net loss per common share
Basic and diluted $(0.03) $(0.03)
Weighted average number of common shares (000's)
Basic and diluted 207,232 152,417
The accompanying notes are an integral part of these consolidated financial statements.
