ALTAIR NANOTECHNOLOGIES INC

CIK:0001016546|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Revenue:
Product sales	$ 8,348	$ 5,883
Product sales – related parties	45,856	7,919
License fees	400	332
Commercial collaborations	83	144
Total revenues	54,687	14,278
Cost of goods sold:
Product costs	6,981	5,159
Cost to related party sales	30,580	7,523
Inventory write down		1,352
Total cost of goods sold	37,561	14,034
Gross profit	17,126	244
Operating expenses:
Research and development	3,163	808
Sales and marketing	291	862
General and administrative	15,655	11,709
Impairment loss	129	652
Depreciation and amortization	1,093	1,560
(Gain) loss on disposal of assets	(29)	142
Total operating expenses	20,302	15,733
Loss from operations	(3,176)	(15,489)
Other income (expense):
Interest expense, net	(3,708)	(2,533)
Gain on foreign currency transactions		1
Other income - electric bus sales	21	11,419
Other expense – electric bus sales		(13,548)
Other income	3,222	644
Total other expense	(465)	(4,017)
Net loss	(3,641)	(19,506)
Other comprehensive loss:
Foreign currency translation adjustments	(417)	(492)
Comprehensive loss	$ (4,058)	$ (19,998)
Loss per common share - basic and diluted (in dollars per share)	$ (0.31)	$ (1.68)
Weighted average shares - basic and diluted (in shares)	11,606,735	11,606,735