Operating loss. Suffer or permit any of its Subsidiaries to suffer any aggregate operating loss for two consecutive fiscal quarters which exceeds $400,000; provided, however, that (a) for purposes of determining whether the Borrower and its Subsidiaries have suffered such a loss, any Project Costs incurred by the Borrower or its Subsidiaries shall be excluded, (b) any non-cash extraordinary or non-recurring charges (not to exceed $1,000,000 in the aggregate) shall be excluded, and (c) the results of operations of any Subsidiary established for purposes of opening a new restaurant shall be excluded from any calculation related to compliance with this Section 7.11 for any fiscal quarter which includes at least one full month of the first twelve calendar months following the commencement of operations of the new restaurant operated by such Subsidiary.
Operating loss. As measured over [ ], the Company must reduce operating losses to a total of $[ ] (which represents [ ]% of the Company’s budgeted target of $[ ]).
Operating loss. For each Taxable Year, Operating Loss shall be allocated 94% to the Class A Interest Holder, 5% to the Class B Interest Holders and 1% to the General Partner.
Operating loss. 122,168 ---------- 422,168 ---------- (422,168) 692,185 ----------- 4,659,474 ----------- (4,659,474) 7,708,740 ------------ 20,304,909 ------------ (20,304,909) 8,523,093 ------------ 25,386,551 ------------ (25,386,551) Interest income..................... Net loss before income taxes........ 33,961 ---------- (388,207) 160,689 ----------- (4,498,785) 2,825,919 ------------ (17,478,990) 3,020,569 ------------ (22,365,982) Income tax expense.................. Net loss............................ 800 ---------- (389,007) 800 ----------- (4,499,585) 800 ------------ (17,479,790) 2,400 ------------ (22,368,382) Return to series C preferred shareholders for beneficial conversion feature................ -- -- (14,231,595) (14,231,595) Loss available to common ---------- ----------- ------------ ------------ shareholders...................... Basic and diluted loss per share.... $ (389,007) ========== $ (0.39) $(4,499,585) =========== $ (1.35) $(31,711,385) ============ $ (2.33) $(36,599,977) ============ ========== Weighted average shares used in =========== ============ computing basic and diluted loss per share......................... 985,961 3,345,397 13,634,513 ========== =========== ============ --------------------------------------- BALANCE SHEET DATA: 1998 ---------- 1999 ---------- 2000 ----------- Cash and cash equivalents............................. $2,333,512 $9,339,669 $78,926,830 Working capital....................................... 2,264,038 9,095,831 77,320,445 Total assets.......................................... 2,382,600 9,441,173 81,147,046 Total liabilities..................................... 108,108 300,587 2,452,378 Series C redeemable convertible preferred stock....... -- -- -- Series B redeemable convertible preferred stock....... -- 9,703,903 -- Series A convertible preferred stock.................. 2,660 2,660 -- Total stockholders' equity (deficit).................. 2,274,492 (563,317) 78,694,668 19 ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This discussion and analysis should be read in conjunction with our financial statements and accompanying notes included elsewhere in this report. Operating results are not necessarily indicative of results that may occur in future periods. The following discussion contains forward-looking statements that are based upon current expectations. Our actual results and the timing of events may differ significantly from the results discussed in ...
Operating loss. The Operator shall keep maintenance and repair reports in sufficient detail to indicate the nature and date of major work done. Such reports shall be kept on file by the Operator at its offices or at the Facility for as long, as they would be kept by a prudent owner or operator of the Facility (but in no event less than three years following the end of the Term), and shall be made available to the Owner upon reasonable request.
Operating loss. Permit Xxxxxxx Land (a division of Borrower) to have during any fiscal year an operating loss (after interest and depreciation but before gain on sale of real estate) greater than One Million Dollars ($1,000,000) AND Borrower's EBITDA (exclusive of income from equity investments) shall not be less than Three Million Dollars ($3,000,000) in such fiscal year.
Operating loss. As a result of the factors described above, for the quarters ended December 31, 2018 and 2017, operating loss amounted to $4,019,599, as compared to an operating loss of $687,843, an increase of $3,331,756 or 484.4%.
Operating loss. 671 ------ 3,049 ------ $ (385) ====== 189 ----- 642 ----- $(156) ===== 56
Operating loss. (14) ----- 616 ----- (235) (4)(a)------ (17) ------ -- -- ---- 5 ---- (5) (18) ------ 604 ------ (240) Interest expense, net.............................. 20 -- 7 (c) 27 Other expense, net................................. Loss before provision for income taxes............. 4 ----- (259) -- ------ -- -- ---- (12) 4 ------ (271) Provision (benefit) for income taxes............... Net loss........................................... Share information: 13 ----- $(272) ===== -- ------ $ -- ====== (3)---- $ (9)==== (d) 10 ------ $ (281) ====== Pro forma net loss per share: Basic.......................................... $(4.81) Weighted average number of common shares outstanding: Basic.......................................... 58.4 Diluted........................................ 58.4
Operating loss. 35,760 --------- (29,871) 41,679 -------- (31,499) 24,578 -------- (8,710) 13,690 -------- (8,289) 9,942 -------- (6,811) Other income and expense.... Net loss.................... 2,974 --------- $ (26,897) --------- 817 -------- $(30,682) -------- 1,644 -------- $ (7,066) -------- 968 -------- $ (7,321) -------- 703 -------- $ (6,108) -------- Net loss per share--Basic and diluted................ $ (1.79) $ (2.63) $ (0.66) $ (0.77) $ (0.72) ========= ======== ======== ======== ======== ------------------------------------------------- 2000 1999 1998 1997 1996 --------- -------- -------- (in thousands) -------- -------- Balance Sheet Data: Cash, cash equivalents and investments................ $ 207,793 $ 17,805 $ 34,828 $ 33,690 $ 18,237 Total assets................ 229,557 38,476 53,690 36,897 20,039 Long-term liabilities....... 25,558 22,308 10,598 35 45 Accumulated deficit......... (114,702) (87,805) (57,123) (50,057) (42,736) Stockholders' equity........ 199,551 11,287 31,281 33,398 19,267 ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS General Emisphere Technologies, Inc. is a biopharmaceutical company specializing in the oral delivery of therapeutic macromolecules and other compounds that are not currently deliverable by oral means. Since our inception in 1986, we have devoted substantially all of our efforts and resources to research and development conducted on our own behalf and through collaborations with corporate partners and academic research institutions. We have had no product sales to date. The timing of future product sales depends on many factors, including the progress of our products in development through clinical trials, regulatory approval, commercialization and market acceptance. These and other factors that may impact future results are described under "Risk Factors" below.