Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Financial Statements Detail (Tables)

v3.10.0.1
Condensed Consolidated Financial Statements Detail (Tables)
6 Months Ended
Jun. 30, 2018
Condensed Consolidated Financial Statements Detail [Abstract]  
Accrued and Other Liabilities

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

 

 

 

June 30,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Accrued legal and accounting fees

 

$

259

 

 

$

431

 

Accrued restructuring

 

 

217

 

 

 

130

 

Accrued incentive compensation

 

 

194

 

 

 

229

 

Deferred rent

 

 

182

 

 

 

765

 

Liability related to sublease

 

 

147

 

 

 

800

 

Accrued payroll and other benefits

 

 

108

 

 

 

141

 

Other

 

 

35

 

 

 

179

 

Total

 

$

1,142

 

 

$

2,675

 

 

Reconciliation of Numerator and Denominator Used in Calculation of Basic and Diluted Net Income (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 available to common stockholders (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

$

(1,947

)

 

$

285

 

 

$

(5,753

)

 

$

(10,429

)

Less: Deemed dividend on convertible preferred

   stock

 

 

 

 

 

 

 

 

 

 

(5,603

)

Less: Allocation of undistributed earnings to

   participating securities

 

 

 

 

(113

)

 

 

 

 

 

 

Net (loss) income available to common stockholders,

   basic and diluted

$

(1,947

)

 

$

172

 

 

$

(5,753

)

 

$

(16,032

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used in computing basic

   net (loss) income per share available to common

   stockholders

 

8,362

 

 

 

7,588

 

 

 

8,338

 

 

 

7,240

 

Effect of dilutive stock options

 

 

 

 

55

 

 

 

 

 

 

 

Weighted average shares used in computing

   diluted net (loss) income per share available to

   common stockholders

 

8,362

 

 

 

7,643

 

 

 

8,338

 

 

 

7,240

 

 

Outstanding Securities Considered Anti-Dilutive

Potentially dilutive securities are excluded from the calculation of diluted net (loss) income per share available to common stockholders if their inclusion is 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 available to common stockholders (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Convertible preferred stock

 

5,003

 

 

 

 

 

 

5,003

 

 

 

3,732

 

Common stock options and RSUs

 

1,625

 

 

 

1,138

 

 

 

1,635

 

 

 

1,391

 

Warrants for common stock

 

21

 

 

 

19

 

 

 

19

 

 

 

19

 

Total

 

6,649

 

 

 

1,157

 

 

 

6,657

 

 

 

5,142