Quarterly report pursuant to Section 13 or 15(d)

Stockholder's Equity (Tables)

v3.20.2
Stockholder's Equity (Tables)
9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Summary of Common Stock Shares Activity The following table summarizes common stock share activity for the three and nine months ended September 30, 2020 and 2019 (dollars in thousands): 

 

 

 

Three Months Ended September 30, 2020

 

 

 

Shares of

Common Stock

 

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

Accumulated

Deficit

 

 

Total

Stockholders’

Equity

 

Balance, June 30, 2020

 

 

10,478,927

 

 

$

10

 

 

$

291,134

 

 

$

(284,811

)

 

$

6,333

 

Net income

 

 

 

 

 

 

 

 

 

 

 

909

 

 

 

909

 

Stock-based compensation expense

 

 

 

 

 

 

 

 

399

 

 

 

 

 

 

399

 

Common stock issued, net of expenses

 

 

315,939

 

 

 

 

 

 

1,909

 

 

 

 

 

 

1,909

 

Common stock issued through employee stock purchase plan

 

 

2,284

 

 

 

 

 

 

9

 

 

 

 

 

 

9

 

Common stock issued for vested restricted stock units

 

 

969

 

 

 

 

 

 

(1

)

 

 

 

 

 

(1

)

Balance, September 30, 2020

 

 

10,798,119

 

 

$

10

 

 

$

293,450

 

 

$

(283,902

)

 

$

9,558

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2020

 

 

 

Shares of

Common Stock

 

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

Accumulated

Deficit

 

 

Total

Stockholders’

Equity

 

Balance, December 31, 2019

 

 

9,741,372

 

 

$

10

 

 

$

284,313

 

 

$

(271,428

)

 

$

12,895

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

(12,474

)

 

 

(12,474

)

Stock-based compensation expense

 

 

 

 

 

 

 

 

1,220

 

 

 

 

 

 

1,220

 

Common stock issued through employee stock purchase and stock option plans

 

 

4,652

 

 

 

 

 

 

28

 

 

 

 

 

 

28

 

Common stock issued, net of expenses

 

 

647,504

 

 

 

 

 

 

4,578

 

 

 

 

 

 

4,578

 

Common stock issued for conversion of April 2020 Notes

 

 

316,461

 

 

 

 

 

 

2,784

 

 

 

 

 

 

2,784

 

Common stock issued for Commitment Shares

 

 

70,910

 

 

 

 

 

 

602

 

 

 

 

 

 

602

 

Common stock issued for vested restricted stock units

 

 

17,220

 

 

 

 

 

 

(75

)

 

 

 

 

 

(75

)

Balance, September 30, 2020

 

 

10,798,119

 

 

$

10

 

 

$

293,450

 

 

$

(283,902

)

 

$

9,558

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2019

 

 

 

Shares of

Common Stock

 

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

Accumulated

Deficit

 

 

Total

Stockholders’

Equity

 

Balance, June 30, 2019

 

 

5,452,011

 

 

$

5

 

 

$

259,426

 

 

$

(249,029

)

 

$

10,402

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

(7,941

)

 

 

(7,941

)

Stock-based compensation expense

 

 

 

 

 

 

 

 

449

 

 

 

 

 

 

449

 

Common stock issued through employee stock purchase plan

 

 

1,758

 

 

 

 

 

 

17

 

 

 

 

 

 

17

 

Common stock issued, net of expenses

 

 

279,911

 

 

 

 

 

 

3,206

 

 

 

 

 

 

3,206

 

Common stock issued for exercise of stock options

 

 

2,250

 

 

 

 

 

 

12

 

 

 

 

 

 

12

 

Common stock issued for vested restricted stock units

 

 

312

 

 

 

 

 

 

(2

)

 

 

 

 

 

(2

)

Balance, September 30, 2019

 

 

5,736,242

 

 

$

5

 

 

$

263,108

 

 

$

(256,970

)

 

$

6,143

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2019

 

 

 

Shares of

Common Stock

 

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

Accumulated

Deficit

 

 

Total

Stockholders’

Equity

 

Balance, December 31, 2018

 

 

4,797,198

 

 

$

5

 

 

$

248,938

 

 

$

(217,718

)

 

$

31,225

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

(39,252

)

 

 

(39,252

)

Stock-based compensation expense

 

 

 

 

 

 

 

 

1,387

 

 

 

 

 

 

1,387

 

Common stock issued through employee stock purchase plan

 

 

3,684

 

 

 

 

 

 

37

 

 

 

 

 

 

37

 

Common stock issued, net of expenses

 

 

768,658

 

 

 

 

 

 

9,761

 

 

 

 

 

 

9,761

 

Common stock issued for conversion of March 2019 Notes

 

 

162,600

 

 

 

 

 

 

2,984

 

 

 

 

 

 

2,984

 

Common stock issued for exercise of stock options

 

 

2,250

 

 

 

 

 

 

12

 

 

 

 

 

 

12

 

Common stock issued for vested restricted stock units

 

 

1,852

 

 

 

 

 

 

(11

)

 

 

 

 

 

(11

)

Balance, September 30, 2019

 

 

5,736,242

 

 

$

5

 

 

$

263,108

 

 

$

(256,970

)

 

$

6,143

 

 

Common Stock Reserved For Future Issuances

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

 

 

 

September 30, 2020

 

 

December 31, 2019

 

Outstanding stock options

 

 

817,855

 

 

 

526,070

 

Outstanding restricted stock units

 

 

80,137

 

 

 

96,637

 

Warrants to purchase common stock associated with June 2016 Public Offering

 

 

421,867

 

 

 

421,867

 

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

 

 

798,810

 

 

 

798,810

 

Warrants to purchase common stock associated with December 2019 Public Offering

 

 

4,472,205

 

 

 

4,472,205

 

Option to purchase common stock associated with December 2019 Public Offering

 

 

 

 

 

583,333

 

Warrants to purchase common stock associated with Solar loan agreement

 

 

12,243

 

 

 

12,243

 

For possible future issuance for the conversion of the March 2019 Notes

 

 

1,138,200

 

 

 

1,138,200

 

For possible future issuance for the conversion of the April 2020 Notes

 

 

1,622,138

 

 

 

 

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

 

 

161,776

 

 

 

55,478

 

For possible future issuance under Employee Stock Purchase Plan

 

 

5,895

 

 

 

7,423

 

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

 

 

14,050

 

 

 

31,550

 

Total common shares reserved for future issuance

 

 

9,545,176

 

 

 

8,143,816