Quarterly report pursuant to Section 13 or 15(d)

Stockholder's Equity (Tables)

v3.20.1
Stockholder's Equity (Tables)
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Summary of Common Stock Shares Activity The following table summarizes common stock share activity for the three months ended March 31, 2020 and 2019 (dollars in thousands): 

 

 

 

Three Months Ended March 31, 2020

 

 

 

Shares of

Common Stock

 

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

Accumulated

Deficit

 

 

Total

Stockholders’

Equity

 

Balance, December 31, 2019

 

 

97,413,721

 

 

$

97

 

 

$

284,226

 

 

$

(271,428

)

 

$

12,895

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

(7,002

)

 

 

(7,002

)

Stock-based compensation expense

 

 

 

 

 

 

 

 

410

 

 

 

 

 

 

410

 

Common stock issued through employee stock purchase plan

 

 

22,143

 

 

 

 

 

 

18

 

 

 

 

 

 

18

 

Common stock issued, net of expenses

 

 

285,276

 

 

 

1

 

 

 

206

 

 

 

 

 

 

207

 

Common stock issued for vested restricted stock units

 

 

154,902

 

 

 

 

 

 

(73

)

 

 

 

 

 

(73

)

Balance, March 31, 2020

 

 

97,876,042

 

 

$

98

 

 

$

284,787

 

 

$

(278,430

)

 

$

6,455

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2019

 

 

 

Shares of

Common Stock

 

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

Accumulated

Deficit

 

 

Total

Stockholders’

Equity

 

Balance, December 31, 2018

 

 

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, 2020

 

 

December 31, 2019

 

Outstanding stock options

 

7,684,762

 

 

 

5,261,860

 

Outstanding restricted stock units

 

862,514

 

 

 

966,394

 

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 2

 

7,988,175

 

 

 

7,988,175

 

Warrants to purchase common stock associated with December 2019 Public Offering

 

44,722,222

 

 

 

44,722,222

 

Option to purchase common stock associated with December 2019 Public Offering

 

 

 

 

5,833,333

 

Warrants to purchase common stock associated with Solar loan agreement

 

122,435

 

 

 

122,435

 

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

 

11,382,000

 

 

 

11,382,000

 

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

 

1,900,861

 

 

 

554,774

 

For possible future issuance under Employee Stock Purchase Plan

 

81,499

 

 

 

74,231

 

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

 

315,500

 

 

 

315,500

 

Total common shares reserved for future issuance

 

79,278,718

 

 

 

81,439,674