Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Financial Statements Detail (Tables)

v3.20.1
Condensed Consolidated Financial Statements Detail (Tables)
3 Months Ended
Mar. 31, 2020
Condensed Consolidated Financial Statements Detail [Abstract]  
Accrued and Other Liabilities

Accrued and other liabilities consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

March 31, 

 

December 31, 

 

    

2020

    

2019

Accrued legal and accounting fees

 

$

398

 

$

256

Accrued payroll and other benefits

 

 

131

 

 

231

Interest payable

 

 

62

 

 

69

Accrued incentive compensation

 

 

55

 

 

332

Other

 

 

63

 

 

57

Total

 

$

709

 

$

945

 

Reconciliation of Numerator and Denominator Used in Calculation of Basic and Diluted Net (Loss) per Share Available to Common Stockholders

The following is a reconciliation of the numerator (net income or loss) and the denominator (number of shares) used in the calculation of basic and diluted net (loss) income per share attributable to common stockholders (in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

    

2020

    

2019

Numerator

 

 

  

 

 

  

Net (loss) income

 

$

(4,758)

 

$

3,233

Less: Allocation of undistributed earnings to participating securities

 

 

 —

 

 

(1,352)

Net (loss) income available to common stockholders, basic

 

 

(4,758)

 

 

1,881

Add: Adjustments to undistributed earnings allocated to participating securities

 

 

 —

 

 

54

Net (loss) income available to common stockholders, diluted

 

$

(4,758)

 

$

1,935

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

Weighted average shares used in computing basic net (loss) income per share available to common stockholders

 

 

9,761

 

 

8,706

Effect of dilutive stock options

 

 

 —

 

 

618

Weighted average shares used in computing diluted net (loss) income per share available to common stockholders

 

 

9,761

 

 

9,324

Basic net (loss) income per share of common stock

 

$

(0.49)

 

$

0.22

Diluted net (loss) income per share of common stock

 

$

(0.49)

 

$

0.21

 

Outstanding Securities Considered Anti-Dilutive

The following table shows the weighted-average outstanding securities considered anti-dilutive and therefore excluded from the computation of diluted net (loss) income per share attributable to common stockholders (in thousands):

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

    

2020

    

2019

Convertible preferred stock

 

6,256

 

 —

Common stock options and RSUs

 

532

 

830

Warrants for common stock

 

15

 

25

Total

 

6,803

 

855