Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Operating Results of Discontinued Operations

The following table represents the components of operating results from discontinued operations, as presented in the consolidated statements of operations and comprehensive loss for the years ended December 31, 2019 and 2018:

 

    Year Ended  
    December 31,  
    2019     2018  
    (in thousands)  
Revenues   $ 107,584     $ 3,207,415  
                 
Cost of sales     33,803       1,627,759  
                 
Depreciation and amortization     16,626       52,691  
Sales and marketing     315,713       1,296,953  
General and administrative     842,667       2,472,241  
Non-operating income (expense)     195,593       65,781  
Loss from discontinued operations before income tax     (905,632 )     (2,176,448  
Income tax expense (benefit)     146,702       (262,517 )
Net loss from discontinued operations   $ (1,052,334 )   $ (1,913,931 )

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of basic net loss per share for the years ended December 31, 2019 and 2018 excludes the potentially dilutive securities summarized in the table below because their inclusion would be anti-dilutive.

 

    2019     2018  
Warrants to purchase common stock     125,000       170,314  
Stock options     295,793       499,439  
Unvested restricted stock     27,319       60,651  
      448,112       730,404