Q1 2016 Earnings

Reported March 30, 2016

Quarter Comparison

Revenue

Operating Income

EPS (Diluted)

Free Cash Flow

Metric	Q1 2016	Q4 2015	Q1 2015	QoQ Change	YoY Change
Revenue	$0	—	—	—	—
Op. Income	-$13M	—	—	—	—
EPS (Diluted)	$-10652.13	—	—	—	—
Free Cash Flow	-$8M	—	—	—	—

Income Statement

Item	Amount
REVENUE	$0
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$8M
Selling & Marketing	$0
General & Administrative	$5M
SG&A Expenses	$5M
Other Expenses	$0
Operating Expenses	$12M
Cost & Expenses	$12M
OPERATING INCOME	-$13M
Interest Income	$6.3K
Interest Expense	$0
Other Income/Expenses	$888.9K
INCOME BEFORE TAX	-$12M
Income Tax Expense	-$2M
Net Income from Continuing Ops	-$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$11M
D&A	$12.0K
EBIT	-$13M
EBITDA	-$13M
EPS	-$10.7K
EPS Diluted	-$10.7K

Cash Flow Statement

Item	Amount
Net Income	-$11M
Depreciation & Amortization	$12.0K
Stock-Based Compensation	$4M
Deferred Income Tax	$0
Other Non-Cash Items	-$246.5K
Change in Working Capital	-$585.6K
OPERATING CASH FLOW	-$8M
Capital Expenditure	-$954
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$13.7K
NET CASH FROM INVESTING	$12.8K
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$49M
NET CASH FROM FINANCING	$49M
FREE CASH FLOW	-$8M
Net Change in Cash	$42M