Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Statements of Operations [Abstract]        
Revenues $ 1,437 $ 3,169 $ 7,659 $ 9,332
Operating expenses:        
Cost of revenue 869 1,953 4,817 6,457
Depreciation and amortization 73 48 203 283
Salaries and wages 606 1,536 2,169 4,456
Selling, general and administrative 677 750 2,102 4,214
Goodwill impairment charge 621
Intangible asset impairment charge 162
Total operating expenses 2,225 4,287 9,291 16,193
Loss from operations (788) (1,118) (1,632) (6,861)
Other income (expenses):        
Change in fair value of derivative instruments 1,908 3,194 6,127 (351)
Change in fair value of Series M preferred stock     171  
Interest expense (188) (1,795) (1,117) (7,352)
Loss on extinguishment of debt, net (349) (4,414) (2,255) (5,468)
Loss on disposal of subsidiary   (6,043)
Other income (expense) 852 (1,350) 213 (1,471)
Total other income (expense) 2,223 (4,365) 3,139 (20,685)
Income (loss) from continuing operations before income taxes 1,435 (5,483) 1,507 (27,546)
Provision for (benefit from) income taxes 15 (31) (138) (389)
Net income (loss) from continuing operations 1,420 (5,452) 1,645 (27,157)
Loss on discontinued operations, net of tax   (77) (234) (4,687)
Net income (loss) 1,420 (5,529) 1,411 (31,844)
Net loss attributable to non-controlling interest 95 31 96 166
Net income (loss) attributable to InterCloud Systems, Inc. common stockholders $ 1,515 $ (5,498) $ 1,507 $ (31,678)
Basic net income (loss) per share attributable to InterCloud Systems, Inc. common stockholders:        
Net income (loss) from continuing operations $ 0.01 $ (1.26) $ 0.03 $ (18.74)
Net loss on discontinued operations, net of taxes (0.02) (0.01) (2.77)
Net income (loss) per share 0.01 (1.28) 0.02 (21.51)
Diluted net loss per share attributable to InterCloud Systems, Inc. common stockholders:        
Net loss from continuing operations (0.00) (1.26) (0.00) (18.74)
Net loss on discontinued operations, net of taxes (0.02) (0.00) (2.77)
Net loss per share $ (0.00) $ (1.28) $ (0.00) $ (21.51)
Basic weighted average common shares outstanding 115,333,855 4,360,495 49,918,495 1,690,699
Diluted weighted average common shares outstanding 6,674,442,901 4,360,495 7,933,253,535 1,690,699