Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION (Details 2)

v3.21.2
BASIS OF PRESENTATION (Details 2) - USD ($)
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Error Corrections And Prior Period Adjustments Restatement [Line Items]    
REVENUES, NET $ 6,954,000 $ 4,707,000
COST OF GOODS SOLD 478,000 259,000
GROSS PROFIT 6,476,000 4,448,000
OPERATING EXPENSES    
Research and development 617,000 513,000
Selling 1,068,000 1,479,000
General and administrative 3,657,000 3,737,000
Total operating expenses 5,342,000 5,729,000
LOSS FROM OPERATIONS 1,134,000 (1,281,000)
OTHER INCOME (EXPENSE)    
Change in fair value of warrant derivative liabilities 25,000 (938,000)
Net gains (losses) on equity investment in marketable securities 6,839,000 (6,457,000)
Gain on equity method investment (407,000) 9,000
Interest and other income (loss) 33,000 (77,000)
Interest expense (1,800,000) (8,612,000)
Total other income (expense) 4,661,000 (16,075,000)
LOSS BEFORE INCOME TAXES 5,795,000 (17,356,000)
INCOME TAXES 286,000 52,000
NET LOSS INCLUDING NONCONTROLLING INTERESTS 5,509,000 (17,408,000)
NET INCOME (LOSS) 5,509,000 (17,408,000)
COMPONENTS OF OTHER COMPREHENSIVE INCOME (LOSS)    
Foreign currency translation adjustments 61,000 7,000
Other comprehensive income 61,000 7,000
COMPREHENSIVE INCOME (LOSS)   (17,401,000)
Amounts attributable to noncontrolling interest:    
COMPREHENSIVE INCOME (LOSS) $ 5,570,000 $ (17,401,000)
NET LOSS PER COMMON SHARE - BASIC AND DILUTED $ 0.11 $ (0.46)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING 48,624,469 37,473,431
Previously Reported [Member]    
Error Corrections And Prior Period Adjustments Restatement [Line Items]    
REVENUES, NET   $ 5,307,000
COST OF GOODS SOLD   200,000
GROSS PROFIT   5,107,000
OPERATING EXPENSES    
Research and development   513,000
Selling   1,485,000
General and administrative   3,681,000
Total operating expenses   5,679,000
LOSS FROM OPERATIONS   (572,000)
OTHER INCOME (EXPENSE)    
Change in fair value of warrant derivative liabilities   (48,000)
Net gains (losses) on equity investment in marketable securities   (6,457,000)
Interest and other income (loss)   (111,000)
Interest expense   (6,965,000)
Total other income (expense)   (13,581,000)
LOSS BEFORE INCOME TAXES   (14,153,000)
NET LOSS INCLUDING NONCONTROLLING INTERESTS   (14,153,000)
Net (income) loss attributable to noncontrolling interest   (14,000)
NET INCOME (LOSS)   (14,167,000)
COMPONENTS OF OTHER COMPREHENSIVE INCOME (LOSS)    
Foreign currency translation adjustments   8,000
Other comprehensive income   8,000
COMPREHENSIVE INCOME (LOSS)   (14,145,000)
Amounts attributable to noncontrolling interest:    
Net (income) loss attributable to noncontrolling interest   (14,000)
Foreign currency translation adjustments   (1,000)
Comprehensive (income) loss attributable to noncontrolling interest   (15,000)
COMPREHENSIVE INCOME (LOSS)   $ (14,160,000)
NET LOSS PER COMMON SHARE - BASIC AND DILUTED   $ (0.38)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING   37,473,431
Adjustments [Member]    
Error Corrections And Prior Period Adjustments Restatement [Line Items]    
REVENUES, NET [1]   $ (600,000)
COST OF GOODS SOLD [1]   59,000
GROSS PROFIT   (659,000)
OPERATING EXPENSES    
Selling [1]   (6,000)
General and administrative [1],[2]   56,000
Total operating expenses   50,000
LOSS FROM OPERATIONS   (709,000)
OTHER INCOME (EXPENSE)    
Change in fair value of warrant derivative liabilities [2],[3]   (890,000)
Gain on equity method investment [2]   9,000
Interest and other income (loss) [2]   34,000
Interest expense [1],[3]   (1,647,000)
Total other income (expense)   (2,494,000)
LOSS BEFORE INCOME TAXES   (3,203,000)
INCOME TAXES   52,000
NET LOSS INCLUDING NONCONTROLLING INTERESTS   (3,255,000)
Net (income) loss attributable to noncontrolling interest [2]   14,000
NET INCOME (LOSS)   (3,241,000)
COMPONENTS OF OTHER COMPREHENSIVE INCOME (LOSS)    
Foreign currency translation adjustments [2]   (1,000)
Other comprehensive income   (1,000)
COMPREHENSIVE INCOME (LOSS)   (3,256,000)
Amounts attributable to noncontrolling interest:    
Net (income) loss attributable to noncontrolling interest [2]   14,000
Foreign currency translation adjustments [2]   1,000
Comprehensive (income) loss attributable to noncontrolling interest   15,000
COMPREHENSIVE INCOME (LOSS)   $ (3,241,000)
NET LOSS PER COMMON SHARE - BASIC AND DILUTED   $ (0.09)
[1] Corrections of other misstatements: period adjustment of variable consideration resulted in a decrease of $600,000 in revenues, net; reclassification of shipping cost and royalty expense to cost of sales resulted in an increase of $59,000 in cost of sales and decreases of $6,000 and $53,000 in selling expense and general and administrative expense, respectively; correction of stock modification accounting resulted in a decrease of $52,000 in general and administrative expense; correction of accounting treatment for convertible notes resulted in an increase of $1.3 million in interest expense; a correction of tax provision resulted in an increase of $52,000 in tax provision
[2] EJ Holdings adjustments: the correction of this misstatement resulted in increases of $55,000 in general and administrative expenses, $9,000 in loss on equity method investment and $34,000 in interest income and decreases of $14,000 in net income attributable to noncontrolling interest and $1,000 in foreign currency translation adjustments.
[3] Warrant adjustments: the correction of this misstatement resulted in an increase of $312,000 in interest expense and a decrease of $890,000 in change in fair value of warrant derivative liabilities.