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 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Statements of Operations [Abstract]        
Service revenue $ 7,574 $ 20,860 $ 21,337 $ 35,471
Product revenue 547 1,734 734 4,752
Total revenue 8,121 22,594 22,071 40,223
Cost of revenue 6,493 17,375 17,076 30,590
Gross profit 1,628 5,219 4,995 9,633
Operating expenses:        
Depreciation and amortization 264 556 707 1,112
Salaries and wages 2,329 4,205 5,604 8,311
Selling, general and administrative 2,157 4,776 5,128 8,070
Goodwill impairment charge 621 3,767
Intangible asset impairment charge 162 959
Total operating expenses 5,533 9,537 16,165 17,493
Loss from operations (3,905) (4,318) (11,170) (7,860)
Other income (expenses):        
Change in fair value of derivative instruments (1,121) 1,910 (3,545) 4,796
Interest expense (1,283) (3,418) (5,558) (8,133)
Gain on conversion of debt 348
Gain (loss) on extinguishment of debt, net 117 (6,969) (1,054) (7,812)
Loss on investment in equity method investee (29)
Loss on disposal of subsidiary (5,921) (5,226)
Other expense (income) (84) 714 (122) 683
Total other expense (8,292) (7,763) (15,505) (10,147)
Loss from continuing operations before income taxes (12,197) (12,081) (26,675) (18,007)
Provision for (benefit from) income taxes (119) 56 (358) 116
Net loss from continuing operations (12,078) (12,137) (26,317) (18,123)
Gain on discontinued operations, net of tax (1,198) 465
Net loss (12,078) (13,335) (26,317) (17,658)
Net (income) loss attributable to non-controlling interest 121 (81) 138 (66)
Net loss attributable to InterCloud Systems, Inc. common stockholders $ (11,957) $ (13,416) $ (26,179) $ (17,724)
Loss per share attributable to InterCloud Systems, Inc. common stockholders, basic and diluted:        
Net loss from continuing operations $ (0.10) $ (0.39) $ (0.28) $ (0.59)
Net income on discontinued operations, net of taxes (0.04) 0.01
Net loss per share $ (0.10) $ (0.43) $ (0.28) $ (0.58)
Weighted average common shares outstanding, basic and diluted 120,261,344 31,442,412 95,675,967 30,662,143