Annual report pursuant to Section 13 and 15(d)

Organization and Summary of Significant Accounting Policies (Tables)

v3.6.0.2
Organization and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2016
Organization and Summary of Significant Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth the reconciliation of the numerator and denominator used in the computation of basic and diluted net income (loss) per common share for the years ended December 31, 2016, 2015 and 2014: 
 
 
 
Years ended December 31,
 
(in thousands, except per share amounts)
 
2016
 
2015
 
2014
 
Numerator:
 
 
 
 
 
 
 
 
 
 
Net income (loss) used for basic earnings per share
 
$
5,135
 
$
(11,279)
 
$
(2,403)
 
Less change in fair value of warrant liability
 
 
825
 
 
—
 
 
1,083
 
Net income (loss) used for diluted earnings per share
 
$
4,310
 
$
(11,279)
 
$
(3,486)
 
Denominator:
 
 
 
 
 
 
 
 
 
 
Basic weighted-average outstanding common shares
 
 
20,744
 
 
20,053
 
 
17,057
 
Effect of dilutive potential common shares resulting from options
 
 
141
 
 
—
 
 
3
 
Effect of dilutive potential common shares resulting from warrants
 
 
574
 
 
—
 
 
—
 
Weighted-average shares outstanding—diluted
 
 
21,459
 
 
20,053
 
 
17,060
 
Net income (loss) per common share:
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.25
 
$
(0.56)
 
$
(0.14)
 
Diluted
 
$
0.20
 
$
(0.56)
 
$
(0.20)
 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The table below presents common shares underlying stock options and warrants that are excluded from the calculation of the weighted average number of shares of common stock outstanding used for the calculation of diluted net income (loss) per common share. These are excluded from the calculation due to their anti-dilutive effect for the years ended December 31, 2016, 2015 and 2014: 
 
 
 
Years ended December 31,
 
(in thousands)
 
2016
 
2015
 
2014
 
Weighted-average anti-dilutive common shares resulting from options and awards
 
 
1,286
 
 
1,346
 
 
1,254
 
Weighted-average anti-dilutive common shares resulting from warrants
 
 
—
 
 
231
 
 
425
 
 
 
 
1,286
 
 
1,577
 
 
1,679
 
Fair Value of Warrant Liability [Table Text Block]
The following table rolls forward the fair value of the Company’s warrant liability, the fair value of which is determined by Level 3 inputs for the years ended December 31, 2016 and 2015 (in thousands):
 
 
 
December 31,
 
 
 
2016
 
2015
 
Fair value, beginning of period
 
$
1,444
 
$
5,578
 
Reclassification of Class A and Underwriter warrants to equity
 
 
—
 
 
(8,646)
 
Change in fair value
 
 
(825)
 
 
4,512
 
Fair value, end of period
 
$
619
 
$
1,444