Vringo, Inc. and Subsidiary
(a Development Stage Company)
CONSOLIDATED STATEMENT OF OPERATIONS
(in thousands except share and per share data)
Unaudited
For the Year Ended December 31, 2011 | ||||
U.S.$ | ||||
Revenue | 718 | |||
Costs and Expenses | ||||
Cost of revenue | 155 | |||
Research and development | 2,017 | |||
Marketing | 2,193 | |||
General and administrative | 2,777 | |||
Total operating expenses | 7,142 | |||
Operating loss | (6,424 | ) | ||
Non-operating income | 13 | |||
Non-operating expenses | (14 | ) | ||
Interest and amortization of debt discount expense | (1,525 | ) | ||
Loss on revaluation of warrants | (402 | ) | ||
Gain on restructuring of venture loan | 963 | |||
Loss before taxes on income | (7,389 | ) | ||
Income tax expense | (90 | ) | ||
Net loss | (7,479 | ) | ||
Basic and diluted net loss per common share | (1.17 | ) | ||
Weighted average number of shares used in computing basic and dilutive net loss per common share | 6,372,659 |