Quarterly report pursuant to Section 13 or 15(d)

Stockholder's Equity (Tables)

v3.19.1
Stockholder's Equity (Tables)
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Summary of Common Stock Shares Activity The following table summarizes common stock share activity for the three months ended March 31, 2019 and 2018 (dollars in thousands): 

 

 

 

Three Months Ended March 31, 2018

 

 

 

Shares of

Common Stock

 

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

Accumulated

Deficit

 

 

Total

Stockholders'

Equity

 

Balance, January 1, 2018

 

 

28,971,651

 

 

$

29

 

 

$

226,631

 

 

$

(205,250

)

 

$

21,410

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

(4,002

)

 

 

(4,002

)

Stock-based compensation expense

 

 

 

 

 

 

 

 

425

 

 

 

 

 

 

425

 

Common stock issued through employee stock purchase plan

 

 

13,591

 

 

 

 

 

 

20

 

 

 

 

 

 

20

 

Common stock issued, net of expenses

 

 

17,852,193

 

 

 

18

 

 

 

18,980

 

 

 

 

 

 

18,998

 

Common stock issued for vested restricted stock units

 

 

6,006

 

 

 

 

 

 

(7

)

 

 

 

 

 

(7

)

Balance, March 31, 2018

 

 

46,843,441

 

 

$

47

 

 

$

246,049

 

 

$

(209,252

)

 

$

36,844

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2019

 

 

 

Shares of

Common Stock

 

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

Accumulated

Deficit

 

 

Total

Stockholders'

Equity

 

Balance, January 1, 2019

 

 

47,971,989

 

 

$

48

 

 

$

248,895

 

 

$

(217,718

)

 

$

31,225

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

(22,908

)

 

 

(22,908

)

Stock-based compensation expense

 

 

 

 

 

 

 

 

492

 

 

 

 

 

 

492

 

Common stock issued through employee stock purchase plan

 

 

19,259

 

 

 

 

 

 

20

 

 

 

 

 

 

20

 

Common stock issued, net of expenses

 

 

2,226,569

 

 

 

2

 

 

 

2,507

 

 

 

 

 

 

2,509

 

Common stock issued for vested restricted stock units

 

 

14,612

 

 

 

 

 

 

(8

)

 

 

 

 

 

(8

)

Balance, March 31, 2019

 

 

50,232,429

 

 

$

50

 

 

$

251,906

 

 

$

(240,626

)

 

$

11,330

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock Reserved For Future Issuances

The Company had reserved shares of common stock for future issuance as follows:

 

 

March 31, 2019

 

 

December 31, 2018

 

Outstanding stock options

 

5,310,498

 

 

 

4,052,913

 

Outstanding restricted stock units

 

990,301

 

 

 

111,891

 

Outstanding Series C-1 Preferred warrants

 

14,033

 

 

 

14,033

 

Warrants to purchase common stock associated with June 2016 Public Offering

 

4,218,750

 

 

 

4,218,750

 

Warrants to purchase common stock associated with March 2018 Public Offering - Series 1

 

 

 

 

13,198,075

 

Warrants to purchase common stock associated with March 2018 Public Offering - Series 2

 

7,988,175

 

 

 

7,988,175

 

Warrants to purchase common stock associated with Loan Agreement

 

122,435

 

 

 

122,435

 

For possible future issuance for the conversion of the 6% senior convertible notes

 

13,008,000

 

 

 

 

For possible future issuance under 2014 Equity Incentive Plan (Note 9)

 

372,312

 

 

 

612,018

 

For possible future issuance under Employee Stock Purchase Plan (Note 9)

 

91,819

 

 

 

81,667

 

For possible future issuance under 2015 Inducement Plan (Note 9)

 

5,000

 

 

 

5,000

 

Total common shares reserved for future issuance

 

32,121,323

 

 

 

30,404,957