Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Statements of Operations [Abstract]    
Service revenue $ 13,763 $ 14,611
Product revenue 187 3,018
Total revenue 13,950 17,629
Cost of revenue 10,583 13,215
Gross profit 3,367 4,414
Operating expenses:    
Depreciation and amortization 442 556
Salaries and wages 3,275 4,106
Selling, general and administrative 2,971 3,294
Goodwill impairment charges 3,146
Intangible asset impairment charge 797
Total operating expenses 10,631 7,956
Loss from operations (7,264) (3,542)
Other income (expenses):    
Change in fair value of derivative instruments (2,424) 2,886
Interest expense (4,275) (4,715)
Gain on conversion of debt 348
Loss on extinguishment of debt, net (1,171) (843)
Loss on investment in equity method investee (29)
Gain on disposal of subsidiary 695
Other expense (37) (31)
Total other expense (7,212) (2,384)
Loss from continuing operations before income taxes (14,476) (5,926)
Provision for (benefit from) income taxes (239) 60
Net loss from continuing operations (14,237) (5,986)
Gain on discontinued operations, net of tax 1,663
Net loss (14,237) (4,323)
Net loss (income) attributable to non-controlling interest 17 15
Net loss attributable to InterCloud Systems, Inc. common stockholders $ (14,220) $ (4,308)
Loss per share attributable to InterCloud Systems, Inc. common stockholders, basic and diluted:    
Net loss from continuing operations $ (0.05) $ (0.20)
Net income on discontinued operations, net of taxes 0.06
Net loss per share $ (0.05) $ (0.14)
Weighted average common shares outstanding, basic and diluted 283,269,674 29,903,553