Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Financial Statements Detail (Tables)

v3.20.2
Condensed Consolidated Financial Statements Detail (Tables)
9 Months Ended
Sep. 30, 2020
Condensed Consolidated Financial Statements Detail [Abstract]  
Accrued and Other Liabilities

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

September 30, 

December 31, 

    

2020

    

2019

Accrued legal and accounting fees

$

202

$

256

Accrued payroll and other benefits

 

154

 

231

Interest payable

 

51

 

69

Accrued incentive compensation

 

26

 

332

Other

 

33

 

57

Total

$

466

$

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 loss or income) 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 September 30, 

Nine Months Ended September 30, 

    

2020

    

2019

    

2020

    

2019

Numerator

 

  

 

  

 

  

 

  

Net (loss) income

$

(1,077)

$

3,178

$

(9,368)

$

2,339

Less: Allocation of undistributed earnings to participating securities

 

 

(1,327)

 

 

(977)

Net (loss) income available to common stockholders, basic

(1,077)

1,851

(9,368)

1,362

Add: Adjustments to undistributed earnings allocated to participating securities

 

 

60

 

 

41

Net (loss) income available to common stockholders, diluted

$

(1,077)

$

1,911

$

(9,368)

$

1,403

 

 

 

 

Denominator

 

 

 

 

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

 

11,019

 

8,731

 

10,537

 

8,721

Effect of dilutive stock options

 

 

708

 

657

Effect of dilutive warrants

 

 

2

 

1

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

 

11,019

 

9,441

 

10,537

 

9,379

Basic net (loss) income per share of common stock

$

(0.10)

$

0.21

$

(0.89)

$

0.16

Diluted net (loss) income per share of common stock

$

(0.10)

$

0.20

$

(0.89)

$

0.15

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 September 30, 

Nine Months Ended September 30, 

    

2020

    

2019

    

2020

    

2019

Convertible preferred stock

 

5,003

 

 

5,483

Common stock options

 

931

 

893

 

611

926

Warrants for common stock

 

19

 

15

 

21

15

Total

 

5,953

 

908

 

6,115

 

941