Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.6.0.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Statements Of Operations [Abstract]    
Service revenue $ 69,625 $ 58,233
Product revenue 8,375 15,875
Total revenue 78,000 74,108
Cost of revenue 58,195 53,864
Gross profit 19,805 20,244
Operating expenses:    
Depreciation and amortization 2,113 3,385
Salaries and wages 18,061 23,056
Selling, general and administrative 13,682 10,410
Goodwill impairment charge 1,114 10,907
Intangible asset impairment charge 3,459 675
Change in fair value and gain on contingent consideration (2,243)
Total operating expenses 38,429 46,190
Loss from operations (18,624) (25,946)
Other income (expenses):    
Change in fair value of derivative instruments 17,545 (9,400)
Loss on settlement of contingent consideration (205)
Interest expense (13,784) (9,397)
Gain (loss) on conversion of debt 416 (1,148)
Loss on extinguishment of debt, net (9,587) (3,725)
Loss on investment in equity method investee (807)
Loss on disposal of subsidiary (326)
Loss on exchange of common stock (2,331)
Gain on modification of warrants 660
Other income (expense) (1,563) (388)
Total other expense (8,106) (25,934)
Loss from continuing operations before income taxes (26,730) (51,880)
Provision for (benefit from) income taxes 207 (1,345)
Net loss from continuing operations (26,937) (50,535)
Gain (loss) on discontinued operations, net of tax 465 (15,124)
Net loss (26,472) (65,659)
Net income attributable to non-controlling interest 11 103
Net loss attributable to InterCloud Systems, Inc. common stockholders $ (26,483) $ (65,762)
Basic loss per share attributable to InterCloud Systems, Inc. common stockholders:    
Net loss from continuing operations $ (0.64) $ (2.35)
Net income (loss) on discontinued operations, net of taxes 0.01 (0.70)
Net loss per share (0.63) (3.05)
Diluted loss per share attributable to InterCloud Systems, Inc. common stockholders:    
Net loss from continuing operations (0.64) (2.35)
Net income (loss) on discontinued operations, net of taxes 0.01 (0.70)
Net loss per share $ (0.63) $ (3.05)
Basic weighted average common shares outstanding 41,946,410 21,520,885
Diluted weighted average common shares outstanding 41,946,410 21,520,885