Annual report pursuant to Section 13 and 15(d)

Organization and Summary of Significant Accounting Policies (Tables)

v3.19.1
Organization and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [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, 2018, 2017 and 2016: 
 
 
 
Years ended December 31,
 
(in thousands, except per share amounts)
 
2018
 
 
2017
 
 
2016
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) used for basic earnings per share
 
$
(9,308
)
 
$
(14,307
)
 
$
5,135
 
Less change in fair value of warrant liability
 
 
—
 
 
 
619
 
 
 
825
 
Less change in fair value of derivatives
 
 
134
  
 
 
—
 
 
 
—
 
Net income (loss) used for diluted earnings per share
 
$
(9,442
)
 
$
(14,926
)
 
$
4,310
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted-average outstanding common shares
 
 
5,688
  
 
 
3,534
 
 
 
3,457
 
Effect of dilutive potential common shares resulting from options
 
 
—
 
 
 
—
 
 
 
24
 
Effect of dilutive potential common shares resulting from warrants
 
 
—
 
 
 
4
 
 
 
96
 
Weighted-average shares outstanding—diluted
 
 
5,688
  
 
 
3,538
 
 
 
3,577
 
Net income (loss) per common share:
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(1.64
)
 
$
(4.05
)
 
$
1.49
 
Diluted
 
$
(1.66
)
 
$
(4.22
)
 
$
1.20
 
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, 2018, 2017 and 2016: 
 
 
 
Years ended December 31,
 
(in thousands)
 
2018
 
 
2017
 
 
2016
 
Weighted-average anti-dilutive common shares resulting from options and awards
 
 
588
 
 
 
393
 
 
 
214
 
Weighted-average anti-dilutive common shares resulting from warrants
 
 
264
 
 
 
203
 
 
 
—
 
 
 
 
852
  
 
 
596
 
 
 
214
 
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, 2018 and 2017 (in thousands):
 
 
 
December 31,
 
 
 
2018
 
 
2017
 
Fair value, beginning of period
 
$
—
 
 
$
619
 
Issuance of derivatives
 
 
159
 
 
 
—
 
Change in fair value
 
 
(134
)
 
 
(619
)
Fair value, end of period
 
$
25
 
 
$
—