| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Net sales | ||||||
2,390 | 992 | 811 | ||||
Cost of goods sold | ||||||
1,156 | 578 | 518 | ||||
Gross profit | ||||||
1,233 | 414 | 292 | ||||
Operating expenses: | ||||||
Research and development | ||||||
9,902 | 12,466 | 7,830 | ||||
Selling, general and administrative | ||||||
35,422 | 42,501 | 18,106 | ||||
Restructuring and other severance related charges | ||||||
1,997 | - | - | ||||
Total operating expenses | ||||||
47,321 | 54,967 | 25,937 | ||||
Loss from operations | ||||||
-46,088 | -54,553 | -25,644 | ||||
Other (income)/expense | ||||||
Loss on extinguishment of debt | ||||||
- | - | -3,868 | ||||
Interest expense | ||||||
- | - | 6,295 | ||||
Amortization of debt issuance costs | ||||||
- | - | 827 | ||||
Change in fair value of warrant liability | ||||||
- | 1,870 | -861 | ||||
Change in fair value of derivative instrument related to convertible bridge notes | ||||||
- | - | -348 | ||||
Interest and other income, net | ||||||
970 | 1,006 | 99 | ||||
Other expense | ||||||
12 | 344 | 4 | ||||
Total other (income)/expense | ||||||
958 | -1,209 | -10,384 | ||||
Loss before income taxes | ||||||
-45,130 | -55,763 | -36,028 | ||||
Provision for income taxes | ||||||
17 | 2 | - | ||||
Net loss from operations | ||||||
-45,147 | -55,765 | -36,028 | ||||
Less: Net income attributable to noncontrolling interest | ||||||
- | 55 | -236 | ||||
Net loss attributable to Electrocore subsidiaries and affiliate | ||||||
-45,147 | -55,820 | -35,792 | ||||
Net loss per share of common stock - Basic and Diluted (see Note 14) | ||||||
-1.54 | -1.19 | - | ||||
Weighted average common shares outstanding - Basic and Diluted (see Note 14) | ||||||
29,379 | 29,261 | - | ||||
Electrocore, LLC | ||||||
Net loss from operations | ||||||
- | -21,063 | - | ||||
Net loss attributable to Electrocore subsidiaries and affiliate | ||||||
- | -21,118 | - | ||||
Net loss attributable to Electrocore subsidiaries and affiliate | ||||||
- | - | -35,792 | ||||
ElectroCore, Inc | ||||||
Net loss from operations | ||||||
- | -34,702 | - | ||||
Net loss attributable to Electrocore subsidiaries and affiliate | ||||||
-45,147 | -34,702 | - | ||||
Net loss per share of common stock - Basic and Diluted (see Note 13) | ||||||
- | 1.19 | - | ||||