{"id":61171,"date":"2024-10-31T00:05:29","date_gmt":"2024-10-31T00:05:29","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2024\/10\/31\/nanophase-reports-record-third-quarter-revenue-and-profit\/"},"modified":"2024-10-31T00:05:29","modified_gmt":"2024-10-31T00:05:29","slug":"nanophase-reports-record-third-quarter-revenue-and-profit","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/nanophase-reports-record-third-quarter-revenue-and-profit\/","title":{"rendered":"Nanophase Reports Record Third Quarter Revenue and Profit"},"content":{"rendered":"<div>\n<p align=\"left\"><strong><em>\u2014Nanophase Reports Q3 Revenue Record at $16.9 Million with Sol\u00e9sence Revenue up 171% YOY<\/em><\/strong><strong><em>\u202f<\/em><\/strong>\u00a0<\/p>\n<p><strong><em>\u2014Record $3 Million in Q3 Profit<\/em><\/strong><\/p>\n<p align=\"justify\">ROMEOVILLE, Ill., Oct.  30, 2024  (GLOBE NEWSWIRE) &#8212; Nanophase Technologies Corporation (OTCQB: NANX), a leader in mineral-based and scientifically-driven health care solutions across beauty and life science categories \u2014 with innovations that protect skin from environmental aggressors and aid in medical diagnostics \u2014 today announced record financial results for the third quarter ended September 30, 2024.\u202f\u202f\u00a0<\/p>\n<p align=\"justify\">Jess Jankowski, President and Chief Executive Officer, commented: \u201cWe are pleased to have closed out another successful quarter as 2024 continues to be the breakout year that we had expected. In the third quarter, alongside record top-line revenue we also achieved record gross profit, record operating income, and record net income.\u201d\u202f\u00a0<\/p>\n<p align=\"justify\">Kevin Cureton, Chief Operating Officer, commented: \u201cWe continue to see the impact of our improvements, along with continuing dynamic growth of the Sol\u00e9sence business, as our nine-month revenue for 2024 has already exceeded our full-year 2023 revenue by $2.5 million. In the third quarter, we expanded our capabilities and implemented additional automation while manufacturing and shipping a record number of units of finished goods to support record-breaking revenue growth and profitability.\u201d\u00a0<\/p>\n<p><strong><u>Third Quarter Financial Highlights<\/u><\/strong>\u00a0<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt; text-align:justify;\">Revenue for the third quarter was a record $16.9 million, vs. $8 million for the same period in 2023, a 112% increase.\u202f\u00a0\n<ul type=\"circle\">\n<li style=\"margin-bottom:8pt; text-align:justify;\">Sol\u00e9sence revenue was $13.6 million, vs. $5 million for the same period in 2023, a 171% increase.\u202f\u00a0<\/li>\n<\/ul>\n<\/li>\n<li style=\"margin-bottom:8pt; text-align:justify;\">Gross profit for the third quarter was a record $6.1 million, vs $1.5 million for the same period in 2023, a 299% increase.\u202f\u00a0\n<ul type=\"circle\">\n<li style=\"margin-bottom:8pt; text-align:justify;\">As a percentage of sales, gross profit was 36%, vs. 19% for the same period in 2023.\u00a0<\/li>\n<\/ul>\n<\/li>\n<li style=\"margin-bottom:8pt; text-align:justify;\">Net income for the third quarter was a record $3 million, vs. a net loss of $1.4 million for the same period in 2023.\u202f\u00a0\n<ul type=\"circle\">\n<li style=\"margin-bottom:8pt; text-align:justify;\">Net income as a percentage of sales was 18% for the period.\u00a0<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p align=\"justify\"><strong><u>Nine-Month Financial Highlights<\/u><\/strong>\u00a0<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt; text-align:justify;\">Revenue for the nine months ended September 30 was a record $39.8 million, a 36% increase over the same period in 2023.\u00a0\n<ul type=\"circle\">\n<li style=\"margin-bottom:8pt; text-align:justify;\">Nine-month revenue for 2024 exceeded full-year 2023 revenue by $2.5 million.\u00a0<\/li>\n<\/ul>\n<\/li>\n<li style=\"margin-bottom:8pt; text-align:justify;\">Gross profit for the nine months ended September 30 was $13.4 million, an 83% increase over the same period in 2023.\u00a0<\/li>\n<li style=\"margin-bottom:8pt; text-align:justify;\">Net income for the nine months ended September 30 was $4.8 million, a $7.1 million swing from the $2.3 million loss in the same period in 2023.\u00a0<\/li>\n<\/ul>\n<p><strong><u>Operational Highlights<\/u><\/strong>\u00a0<\/p>\n<p align=\"justify\"><strong>Record Q3 production\u00a0<\/strong>\u00a0<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt; text-align:justify;\">Sol\u00e9sence manufactured and shipped a record number of units of finished goods, both on a monthly and on a quarterly basis, throughout Q3.\u00a0<\/li>\n<\/ul>\n<p align=\"justify\"><strong>Automation implementation<\/strong>\u00a0<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt; text-align:justify;\">We added additional automation across two key processes to expand production capacity and improve labor efficiency.\u00a0<\/li>\n<\/ul>\n<p align=\"justify\"><strong>Clean room expansion<\/strong>\u00a0<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt; text-align:justify;\">We added 3 new ISO 6 clean rooms for the filling and assembly of products. This brings our total to 8 clean rooms, adding capacity to enable new opportunities both domestically and on a global basis.\u00a0<\/li>\n<\/ul>\n<p align=\"justify\">\u201cOur results are a testament to the hard work of our entire team, as well as the ongoing partnership with the brands we work with, and support from our suppliers, investors, and other critical stakeholders. Our strategy is bearing fruit, and we are all optimistic about our future. We look forward to sharing more during our call tomorrow,\u201d concluded Jankowski.\u00a0<\/p>\n<p><strong><u>Conference Call<\/u><\/strong>\u00a0<\/p>\n<p align=\"justify\">Nanophase will host its Third Quarter Conference Call on Thursday, October 31, 2024, at 1:00 p.m. CDT, 2:00 p.m. EDT, to discuss its financial results and provide a business and financial update. On the call will be Jess Jankowski, the Company\u2019s President &amp; CEO, joined by Kevin Cureton, the Company\u2019s Chief Operating Officer.\u00a0<\/p>\n<p align=\"justify\">Participant Registration:\u202f\u00a0<\/p>\n<p align=\"justify\"><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xUSASCu3_-gHG3636s6_USlMu_g-cTtpf73I5YTWVRalJjQbaVOGlTXwu8wa97OTXZfdLzyTWdwUSjR9cmWSb2DK_XMyQEmh9YMkInDmC0StZLJWFu_KKUCAOtzH2ejWm6Q6l08cbBbeCVmMnHEHH7AGTiIvrTQ0oz-_vx9CxvFV0mC323S1FjhvuVIYN6akfs6XdV5Harw54QDfggk10fbu5wB4tFjW99RQ4e8sqPOGsaPKJs5bmu3m5ojD2k_V1GaXs_3jcFwBfwoWdIvNQw0pYTjYdhUlEcGF1jnDBZyRAJXcQFrXkiqikwxKcbtklfsHs5GGsEbmiz8dtfNyisbKS3f2vfAtYkB5YxRZ37nKZ5a0pb2_0wbNlLH6-EImmwx-nZZrrY5I0ISExiorDDdX6-WvfTEdxEXAMa92B6-UEjfTeEq1Bfu3tCwKvyQCurFEaSkUYKGIGxATCyTG_dHycSM7oslfbBDV9LE6X1hlwMhPmS_R_0qx2LBRXIUW\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\">https:\/\/register.vevent.com\/register\/BI47b1370207234aaf827679d05baa2c17<\/a>\u00a0\u00a0<\/p>\n<p align=\"justify\">To receive the dial-in number, as well as your personalized PIN, you must register at the above link. Once registered, you will also have the option to have the system dial-out to you once the conference call has begun. If you forget your PIN prior to the conference call, you can simply re-register.\u202f\u00a0<\/p>\n<p align=\"justify\">Listen-Only Webcast &amp; Replay:\u202f\u00a0<\/p>\n<p align=\"justify\"><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xUSASCu3_-gHG3636s6_UTMLMCkMi6KP6BNGCtyVgBe4gu8Yn34tKkuSBxX8bM8LIUUorP7pFhv2i-U6Do9Tu15Rr1X6SpIwJ5QXznJjDzsU2dL8e_YXEElCwjteSEhvhIuZgAjDrKteFZElA7eayiFa6RWuB6uwXRoFAFFbx8YeoOBdmc-UO-ZMnO0sm8NbTBt5AclsJB50S4-MMOUNZz_BugPtH4v1ESpI-KwdeXueABa6pVqbLfClRASJldkFdVks7f2WqmjF5InV0td0hQeP_-18m5siEMLZ6AO3xl7_t4hPNcq1WC0w2aELgEs07bsEXxCXMn-qYln71pdhteIvZwfr6-WqGVDSbNCwXjk=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\">https:\/\/edge.media-server.com\/mmc\/p\/hmq3nfn9<\/a>\u00a0\u00a0<\/p>\n<p align=\"justify\">The call may also be accessed through the company\u2019s website, at\u202f<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OIuqFN6nWjrU7-8rDxxJJfZGUG18TStveTyVrKJplCGAPI73h5Npx_qeAJ7FQp_rkU4GH-8Mq3scsgkDJA1wPnJCNRPqWZibke5ctGwHmn8=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.nanophase.com\">www.nanophase.com<\/a>, by clicking on Investor Relations, Investor News, and the links in this conference call announcement release. Please connect to the conference at least five minutes before the call is scheduled to begin.\u202f\u00a0<\/p>\n<p><strong><u>FINANCIAL RESULTS AND NON-GAAP INFORMATION<\/u><\/strong>\u00a0<\/p>\n<p><strong><u>Use of Non-GAAP Financial Information<\/u><\/strong>\u00a0<\/p>\n<p align=\"justify\">Nanophase believes that the presentation of results excluding certain items, such as non-cash equity compensation charges, provides meaningful supplemental information to both management and investors, facilitating the evaluation of performance across reporting periods. The Company uses these non-GAAP measures for internal planning and reporting purposes. These non-GAAP measures are not in accordance with, or an alternative for, Generally Accepted Accounting Principles (\u201cGAAP\u201d) and may be different from non-GAAP measures used by other companies. The presentation of this additional information is not meant to be considered in isolation or as a substitute for net income or net income per share prepared in accordance with GAAP.\u00a0<\/p>\n<p><strong><u>About Nanophase Technologies<\/u><\/strong>\u00a0<\/p>\n<p align=\"justify\">Nanophase Technologies Corporation (OTCQB: NANX),\u202f<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OIuqFN6nWjrU7-8rDxxJJZ1YSzh1dOfbeJwFv3KEtr4Y70xX92cbE2OYQw3CuqOuwi5jHfCjExnXJJ7z4c30hY_ORur2afLhnS4-9iTC7rw=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.nanophase.com\">www.nanophase.com<\/a>, is a leading innovator in mineral-based and scientifically driven healthcare solutions across beauty and life science categories, as well as other legacy advanced materials applications. Leveraging a platform of integrated, patented and proprietary technologies, the Company creates products with unique performance, enhancing consumers&#8217; health and well-being. We deliver commercial quantity and quality engineered materials both as ingredients and as part of fully formulated products in a variety of formats.\u202f\u202f\u00a0<\/p>\n<p><strong><u>About Sol\u00e9sence Beauty Science<\/u><\/strong>\u00a0<\/p>\n<p align=\"justify\">Sol\u00e9sence,\u202f<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PjNwa86R1xY64I97VCisX1TZd2f6VHVQP1z_g1r1C5EHcqzaxgiMMZszNA9zerQCrEQso5G0doKzbeD3DmhirW1TY2BxJ31Lcnq6zj7DWRM=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.solesence.com\">www.solesence.com<\/a>, a wholly owned subsidiary of Nanophase Technologies, is changing the face of skin health with patented, mineral-based technology that is embraced by leading performance-driven and clean beauty brands alike. Our patented products for brands transform the way mineral actives look, feel and function \u2014 enabling textures never-before-seen in the mineral space and inclusivity never-before-seen in the sun care space. Sol\u00e9sence\u2019s innovative formulations offer best-in-class UV protection, unparalleled free radical prevention to protect against pollution, and enhanced antioxidant performance.\u202f\u00a0<\/p>\n<p><strong><u>Forward-Looking Statements<\/u><\/strong>\u00a0<\/p>\n<p align=\"justify\"><em>This press release contains words such as \u201cexpects,\u201d \u201cshall,\u201d \u201cwill,\u201d \u201cbelieves,\u201d and similar expressions that are intended to identify forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such statements in this announcement are made based on the Company\u2019s current beliefs, known events and circumstances at the time of publication, and as such, are subject in the future to unforeseen risks and uncertainties that could cause the Company\u2019s results of operations, performance, and achievements to differ materially from current expectations expressed in, or implied by, these forward-looking statements. These risks and uncertainties include, without limitation, the following: a decision by a customer to cancel a purchase order or supply agreement in light of the Company\u2019s dependence on a limited number of key customers; uncertain demand for, and acceptance of, the Company\u2019s engineered materials, ingredients, and fully formulated products; the Company\u2019s manufacturing capacity and product mix flexibility in light of customer demand; the Company\u2019s limited marketing experience; changes in development and distribution relationships; the impact of competitive products and technologies; the Company\u2019s dependence on patents and protection of proprietary information; the resolution of litigation in which the Company may become involved; the impact of any potential new government regulations that could be difficult to respond to or too costly to comply with while remaining financially viable; the ability of the Company to maintain an appropriate electronic trading venue; and other factors described in the Company\u2019s Form 10-K filed March 28, 2024. In addition, the Company\u2019s forward-looking statements could be affected by general industry and market conditions and growth rates. Except as required by federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events, uncertainties, or other contingencies. <\/em><em>\u202f<\/em>\u00a0<\/p>\n<p><strong><u>Investor Relations Contact:<\/u><\/strong>\u00a0<\/p>\n<p>Phone: (630) 771-6736\u00a0<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td colspan=\"10\" style=\"text-align: center ;  vertical-align: middle; \"><strong>NANOPHASE TECHNOLOGIES CORPORATION<\/strong><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\" style=\"text-align: center ;  vertical-align: middle; \"><strong>CONSOLIDATED BALANCE SHEETS<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\" style=\"text-align: center ;  vertical-align: middle; \"><strong>(Unaudited Consolidated Condensed)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"7\" rowspan=\"2\" style=\"text-align: center ;  vertical-align: middle; \"><strong>(in thousands except share and per share data)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: center ;  vertical-align: middle; \"><strong>September 30,<\/strong><\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: center ;  vertical-align: middle; \"><strong>December 31,<\/strong><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-right: 0 ; text-align: center ;  vertical-align: middle; \"><strong>2024<\/strong><\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-right: 0 ; text-align: center ;  vertical-align: middle; \"><strong>2023<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: center ;  vertical-align: middle; \"><strong>ASSETS<\/strong><\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; \"><strong>(Unaudited)<\/strong><\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \"><strong>Current assets:<\/strong><\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Cash<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">2,925<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">1,722<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Trade accounts receivable, less allowance for doubtful accounts of $446<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:1%; width:1%; min-width:1%;\">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;\">\u00a0<\/td>\n<td style=\"max-width:67%; width:67%; min-width:67%;;vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">for September 30, 2024 and $225 for December 31, 2023<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"max-width:13%; width:13%; min-width:13%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">8,732<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"max-width:13%; width:13%; min-width:13%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">3,467<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Inventories, net<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">15,043<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">10,031<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Prepaid expenses and other current assets<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">3,061<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">1,082<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">Total current assets<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">29,761<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">16,302<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left ;  vertical-align: middle; \">Equipment and leasehold improvements, net<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">10,230<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">8,668<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left ;  vertical-align: middle; \">Operating leases, right of use<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">8,054<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">7,907<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left ;  vertical-align: middle; \">Other assets, net<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">2<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">4<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">48,047<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">32,881<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: center ;  vertical-align: middle; \"><strong>LIABILITIES AND STOCKHOLDERS&#8217; EQUITY<\/strong><\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \"><strong>Current liabilities:<\/strong><\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Lines of credit &#8211; accounts receivable, related party<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">2,810<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Current portion of long term debt &#8211; inventory, related party<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">5,200<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Current portion of long term debt, related party<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">1,000<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Current portion of long term debt, related party<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">2,000<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Current portion of operating lease obligations<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">1,091<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">1,297<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Accounts payable<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">6,562<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">6,260<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Current portion of deferred revenue<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">6,228<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">2,353<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Accrued expenses<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">3,207<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">869<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">Total current liabilities<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">23,288<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">15,589<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Long-term portion of operating lease obligations<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">9,346<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">9,152<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Long-term debt &#8211; inventory, related party<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">5,000<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Long-term debt, related party<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">1,000<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Asset retirement obligation<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">244<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">238<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">Total long-term liabilities<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">9,590<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">15,390<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \"><strong>Stockholders&#8217; equity:<\/strong><\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Preferred stock, $.01 par value, 24,088 shares authorized and<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">no shares issued and outstanding<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Common stock, $.01 par value, 95,000,000 and 60,000,000 shares authorized;<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">69,949,646 and 49,627,254 shares issued and outstanding on September 30, 2024<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">and December 31, 2023, respectively<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">699<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">496<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Additional paid-in capital<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">114,339<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">106,069<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; \">Accumulated deficit<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(99,869<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(104,663<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; \">Total stockholders&#8217; equity<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">15,169<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">1,902<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \"><strong>Total liabilities and shareholders&#8217; equity<\/strong><\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">48,047<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">32,881<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td colspan=\"18\" style=\"text-align: center ;  vertical-align: middle; \"><strong>NANOPHASE TECHNOLOGIES CORPORATION<\/strong><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"18\" style=\"text-align: center ;  vertical-align: middle; \"><strong>CONSOLIDATED STATEMENTS OF OPERATIONS<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"18\" style=\"text-align: center ;  vertical-align: middle; \"><strong>(Unaudited Consolidated Condensed)<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"18\" style=\"text-align: center ;  vertical-align: middle; \"><strong>(in thousands except share and per share data)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; \"><strong>Three months ended<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; \"><strong>Nine months ended<\/strong><\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; \"><strong>September 30,<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; \"><strong>September 30,<\/strong><\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; \"><strong>2024<\/strong><\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; \"><strong>2023<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; \"><strong>2024<\/strong><\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; \"><strong>2023<\/strong><\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \"><strong>Revenue:<\/strong><\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Product revenue<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">16,785<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">7,746<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">39,479<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">28,925<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Other revenue<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">81<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">212<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">301<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">361<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left ;  vertical-align: middle; \">Net revenue<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">16,866<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">7,958<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">39,780<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">29,286<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Cost of revenue<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">10,764<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">6,428<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">26,358<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">21,932<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left ;  vertical-align: middle; \">Gross profit<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">6,102<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">1,530<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">13,422<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">7,354<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left ;  vertical-align: middle; \"><strong>Operating expense:<\/strong><\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Research and development expense<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">970<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">1,057<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">2,746<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">3,052<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Selling, general and administrative expense<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">1,934<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">1,695<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">5,321<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">5,951<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left ;  vertical-align: middle; \">Income from operations<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">3,198<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(1,222<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">5,355<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(1,649<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Interest income<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">&#8211;\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">&#8211;\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Interest expense<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">153<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">214<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">562<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">613<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Other income, net<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">&#8211;\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">&#8211;\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left ;  vertical-align: middle; \">Income before provision for income taxes<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">3,045<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(1,436<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">4,793<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(2,262<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left ;  vertical-align: middle; \">Provision for income taxes<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left ;  vertical-align: middle; \">Net income (loss)<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">3,045<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(1,436<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">4,793<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(2,262<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left ;  vertical-align: middle; \">Net income (loss) per share-basic<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">0.04<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(0.03<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">0.08<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(0.05<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left ;  vertical-align: middle; \">Weighted average number of common shares outstanding &#8211; basic<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">69,873,394<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">49,598,591<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">59,778,119<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">49,532,395<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left ;  vertical-align: middle; \">Net income (loss) per share-diluted<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">0.04<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(0.03<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">0.08<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(0.05<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left ;  vertical-align: middle; \">Weighted average number of common shares outstanding &#8211; diluted<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">71,935,394<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">49,598,581<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">61,725,119<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">49,532,395<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"18\" style=\"text-align: center ;  vertical-align: middle; \"><strong>NANOPHASE TECHNOLOGIES CORPORATION<\/strong><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"18\" style=\"text-align: center ;  vertical-align: middle; \"><strong>CONSOLIDATED STATEMENTS OF OPERATIONS &#8211; EXPANDED SCHEDULE<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"18\" style=\"text-align: center ;  vertical-align: middle; \"><strong>(Unaudited Consolidated Condensed)<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"18\" style=\"text-align: center ;  vertical-align: middle; \"><strong>(in thousands except share and per share data)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; \"><strong>Three months ended<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; \"><strong>Nine months ended<\/strong><\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; \"><strong>September 30,<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: center ;  vertical-align: middle; \"><strong>September 30,<\/strong><\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; \"><strong>2024<\/strong><\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; \"><strong>2023<\/strong><\/td>\n<td style=\"text-align: center ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; \"><strong>2024<\/strong><\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; \"><strong>2023<\/strong><\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \"><strong>Revenue:<\/strong><\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Product revenue<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">16,785<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">7,746<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">39,479<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">28,925<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Other revenue<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">81<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">212<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">301<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">361<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left ;  vertical-align: middle; \">Net revenue<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">16,866<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">7,958<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">39,780<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">29,286<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \"><em>Cost of revenue detail:<\/em><\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Depreciation<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">219<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">159<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">663<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">481<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Non-Cash equity compensation<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">26<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">27<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">80<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">85<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Other costs of revenue<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">10,519<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">6,242<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">25,615<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">21,366<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left ;  vertical-align: middle; \">Cost of revenue<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">10,764<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">6,428<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">26,358<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">21,932<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:1%; width:1%; min-width:1%;\">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;\">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;\">\u00a0<\/td>\n<td style=\"max-width:33%; width:33%; min-width:33%;;text-align: left ;  vertical-align: middle; \">Gross profit<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"max-width:14%; width:14%; min-width:14%;;padding-left: 0 ; text-align: right ;  vertical-align: middle; \">6,102<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"max-width:13%; width:13%; min-width:13%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">1,530<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"max-width:14%; width:14%; min-width:14%;;padding-left: 0 ; text-align: right ;  vertical-align: middle; \">13,422<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;\">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"max-width:13%; width:13%; min-width:13%;;padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">7,354<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left ;  vertical-align: middle; \"><strong>Operating expense:<\/strong><\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \"><em>Research and development expense detail:<\/em><\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Depreciation<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">6<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">7<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">17<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">21<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Non-Cash equity compensation<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">34<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">47<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">99<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">136<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Other research and development expense<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">930<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">1,003<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">2,630<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">2,895<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left ;  vertical-align: middle; \">Research and development expense<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">970<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">1,057<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">2,746<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">3,052<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \"><em>Selling, general and administrative expense detail:<\/em><\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Depreciation and amortization<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">6<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">8<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">20<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">22<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Non-Cash equity compensation<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">100<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">136<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">298<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">374<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Other selling, general and administrative expense<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">1,828<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">1,551<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">5,003<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">5,555<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left ;  vertical-align: middle; \">Selling, general and administrative expense<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">1,934<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">1,695<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">5,321<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">5,951<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left ;  vertical-align: middle; \">Income from operations<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">3,198<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(1,222<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">5,355<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(1,649<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Interest expense<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">153<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">214<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">562<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">613<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Other income, net<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left ;  vertical-align: middle; \">Income before provision for income taxes<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">3,045<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(1,436<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">4,793<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(2,262<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left ;  vertical-align: middle; \">Provision for income taxes<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left ;  vertical-align: middle; \">Net income (loss)<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">3,045<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(1,436<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">4,793<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(2,262<\/td>\n<td style=\"border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt ; text-align: left ;  vertical-align: middle; \">Non-GAAP Disclosure (see note regarding Non-GAAP disclosures):<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Addback Interest, net<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">153<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">214<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">562<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">613<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Addback Depreciation\/Amortization<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">231<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">174<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">700<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">524<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Addback Non-Cash Equity Compensation<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">160<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">210<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; \">477<\/td>\n<td>\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">595<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Subtract Non-Cash Other Income<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">&#8211;<\/td>\n<td style=\"border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: left ;  vertical-align: middle; \">Adjusted EBITDA<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">3,589<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(838<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: right ;  vertical-align: middle; \">6,532<\/td>\n<td>\u00a0<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">$<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; \">(530<\/td>\n<td style=\"border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; \">)<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; \">\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<\/table>\n<p><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZWNkYzJiYWEtMzEwMC00NmJmLThlZTgtMTdkMmE2NmQ3ZjEyLTEwMzc5MTA=\/tiny\/Nanophase-Technologies-Corpora.png\" referrerpolicy=\"no-referrer-when-downgrade\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u2014Nanophase Reports Q3 Revenue Record at $16.9 Million with Sol\u00e9sence Revenue up 171% YOY\u202f\u00a0 \u2014Record $3 Million in Q3 Profit ROMEOVILLE, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) &#8212; Nanophase Technologies Corporation (OTCQB: NANX), a leader in mineral-based and scientifically-driven health care solutions across beauty and life science categories \u2014 with innovations that protect skin from [&#8230;]\n","protected":false},"author":1,"featured_media":61172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-61171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-people"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nanophase Reports Record Third Quarter Revenue and Profit - Biz and Live in Saigon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.saigonbiz.com\/vn\/nanophase-reports-record-third-quarter-revenue-and-profit\/\" 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