Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Stockholders' Equity (Unaudited)

v3.21.2
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
January 2021 Offering [Member]
Preferred Stock [Member]
Series A Preferred Stock [Member]
January 2021 Offering [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
January 2021 Offering [Member]
Common Stock [Member]
January 2021 Offering [Member]
Additional Paid-in Capital [Member]
January 2021 Offering [Member]
Retained Earnings [Member]
January 2021 Offering [Member]
November 2019 Offering [Member]
Preferred Stock [Member]
Series A Preferred Stock [Member]
November 2019 Offering [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
November 2019 Offering [Member]
Common Stock [Member]
November 2019 Offering [Member]
Additional Paid-in Capital [Member]
November 2019 Offering [Member]
Retained Earnings [Member]
November 2019 Offering [Member]
Purchase Agreement with LPC [Member]
Preferred Stock [Member]
Series A Preferred Stock [Member]
Purchase Agreement with LPC [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Purchase Agreement with LPC [Member]
Common Stock [Member]
Purchase Agreement with LPC [Member]
Additional Paid-in Capital [Member]
Purchase Agreement with LPC [Member]
Retained Earnings [Member]
Purchase Agreement with LPC [Member]
Conversion of Series C Convertible Preferred Stock Into Common Stock [Member]
Preferred Stock [Member]
Series A Preferred Stock [Member]
Conversion of Series C Convertible Preferred Stock Into Common Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Conversion of Series C Convertible Preferred Stock Into Common Stock [Member]
Common Stock [Member]
Conversion of Series C Convertible Preferred Stock Into Common Stock [Member]
Additional Paid-in Capital [Member]
Conversion of Series C Convertible Preferred Stock Into Common Stock [Member]
Retained Earnings [Member]
Conversion of Series C Convertible Preferred Stock Into Common Stock [Member]
Conversion of Series A Convertible Preferred Stock into Common Stock [Member]
Preferred Stock [Member]
Series A Preferred Stock [Member]
Conversion of Series A Convertible Preferred Stock into Common Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Conversion of Series A Convertible Preferred Stock into Common Stock [Member]
Common Stock [Member]
Conversion of Series A Convertible Preferred Stock into Common Stock [Member]
Additional Paid-in Capital [Member]
Conversion of Series A Convertible Preferred Stock into Common Stock [Member]
Retained Earnings [Member]
Conversion of Series A Convertible Preferred Stock into Common Stock [Member]
Warrants Issued in Connection with January 2021 Offering [Member]
Preferred Stock [Member]
Series A Preferred Stock [Member]
Warrants Issued in Connection with January 2021 Offering [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Warrants Issued in Connection with January 2021 Offering [Member]
Common Stock [Member]
Warrants Issued in Connection with January 2021 Offering [Member]
Additional Paid-in Capital [Member]
Warrants Issued in Connection with January 2021 Offering [Member]
Retained Earnings [Member]
Warrants Issued in Connection with January 2021 Offering [Member]
Series A and Series B Warrants [Member]
Preferred Stock [Member]
Series A Preferred Stock [Member]
Series A and Series B Warrants [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Series A and Series B Warrants [Member]
Common Stock [Member]
Series A and Series B Warrants [Member]
Additional Paid-in Capital [Member]
Series A and Series B Warrants [Member]
Retained Earnings [Member]
Series A and Series B Warrants [Member]
Series A-2 and Series B-2 Warrants [Member]
Preferred Stock [Member]
Series A Preferred Stock [Member]
Series A-2 and Series B-2 Warrants [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Series A-2 and Series B-2 Warrants [Member]
Common Stock [Member]
Series A-2 and Series B-2 Warrants [Member]
Additional Paid-in Capital [Member]
Series A-2 and Series B-2 Warrants [Member]
Retained Earnings [Member]
Series A-2 and Series B-2 Warrants [Member]
Preferred Stock [Member]
Series A Preferred Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Series B Preferred Stock [Member]
Total
Balances (in shares) at Dec. 31, 2019                                                                                                 185,218 31,678 707,571        
Balances at Dec. 31, 2019                                                                                                 $ 0 $ 0 $ 0 $ 214,431 $ (197,911)   $ 16,521
Conversion of convertible preferred stock into common stock (in shares)                                                 (185,218) 0 185,218                                                        
Conversion of convertible preferred stock into common stock                                                 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0                                                  
Issuance of common shares in connection with common warrant exercises (in shares)                                                                                                 0 0 107,172        
Issuance of common shares in connection with common warrant exercises                                                                                                 $ 0 $ 0 $ 0 1,661 0   1,661
Transaction costs in connection with Purchase Agreement with LPC             $ 0 $ 0 $ 0 $ (30) $ 0 $ (30)                                                                                      
Dividend on Series B convertible preferred stock                                                                                                 $ 0 $ 0 $ 0 (990) 0   (990)
Dividend on Series B convertible preferred stock paid in PIK shares (in shares)                                                                                                 0 989 0        
Dividend on Series B convertible preferred stock paid in PIK shares                                                                                                 $ 0 $ 0 $ 0 989 0   989
Stock-based compensation expense                                                                                                 0 0 0 686 0   686
Net loss                                                                                                 0 0 0 0 (6,310)   (6,310)
Issuance of common shares from employee stock purchase plan                                                                                                 $ 0 $ 0 $ 0 0 0   0
Issuance of restricted common shares in connection with consulting agreement, shares (in shares)                                                                                                 0 0 2,832        
Issuance of restricted common shares in connection with consulting agreement                                                                                                 $ 0 $ 0 $ 0 24 0   24
Balances (in shares) at Mar. 31, 2020                                                                                                 0 32,667 1,002,825        
Balances at Mar. 31, 2020                                                                                                 $ 0 $ 0 $ 0 216,771 (204,221)   12,551
Balances (in shares) at Dec. 31, 2019                                                                                                 185,218 31,678 707,571        
Balances at Dec. 31, 2019                                                                                                 $ 0 $ 0 $ 0 214,431 (197,911)   16,521
Net loss                                                                                                             (17,160)
Balances (in shares) at Sep. 30, 2020                                                                                                 0 34,735 2,171,316        
Balances at Sep. 30, 2020                                                                                                 $ 0 $ 0 $ 0 226,159 (215,071)   11,089
Balances (in shares) at Mar. 31, 2020                                                                                                 0 32,667 1,002,825        
Balances at Mar. 31, 2020                                                                                                 $ 0 $ 0 $ 0 216,771 (204,221)   12,551
Stock offering, net of issuance costs (in shares)                                                                                                 0 0 52,500        
Stock offering, net of issuance costs                                                                                                 $ 0 $ 0 $ 0 341 0   341
Issuance of common shares in connection with common warrant exercises (in shares)                                                                         0 0 514,578                                
Issuance of common shares in connection with common warrant exercises                                                                         $ 0 $ 0 $ 0 $ 3,139 $ 0 $ 3,139                          
Modification of exercise price of warrants                                                                                                 0 0 0 1,838 0   1,838
Transaction costs in connection with Purchase Agreement with LPC             $ 0 $ 0 $ 0 $ (3) $ 0 $ (3) $ 0 $ 0 $ 0 $ (452) $ 0 $ (452)                                                                          
Dividend on Series B convertible preferred stock                                                                                                 $ 0 $ 0 $ 0 (1,021) 0   (1,021)
Dividend on Series B convertible preferred stock paid in PIK shares (in shares)                                                                                                 0 1,018 0        
Dividend on Series B convertible preferred stock paid in PIK shares                                                                                                 $ 0 $ 0 $ 0 1,018 0   1,018
Stock-based compensation expense                                                                                                 0 0 0 632 0   632
Net loss                                                                                                 $ 0 $ 0 $ 0 0 (7,115)   (7,115)
Issuance of common shares from employee stock purchase plan (in shares)                                                                                                 0 0 30        
Issuance of common shares from employee stock purchase plan                                                                                                 $ 0 $ 0 $ 0 0 0   0
Issuance of restricted common shares in connection with consulting agreement, shares (in shares)                                                                                                 0 0 3,454        
Issuance of restricted common shares in connection with consulting agreement                                                                                                 $ 0 $ 0 $ 0 25 0   25
Issuance of Series A-2 and B-2 warrants in connection with 2020 Warrant Offering                                                                                     $ 0 $ 0 $ 0 $ 1,838 $ 0 $ 1,838              
Issuance costs for Series A-2 and B-2 warrants in connection with 2020 Warrant Offering                                                                                     $ 0 $ 0 $ 0 (1,838) 0 (1,838)              
Transaction costs in connection with 2020 Warrant Offering                                                                                                 $ 0 $ 0 $ 0 (326) 0   (326)
Issuance of common shares for vesting of restricted stock award granted to consultant (in shares)                                                                                                 0 0 25        
Issuance of common shares for vesting of restricted stock award granted to consultant                                                                                                 $ 0 $ 0 $ 0 0 0   0
Balances (in shares) at Jun. 30, 2020                                                                                                 0 33,685 1,573,412        
Balances at Jun. 30, 2020                                                                                                 $ 0 $ 0 $ 0 221,962 (211,336)   10,627
Issuance of common shares in connection with common warrant exercises (in shares)                                                                                     0 0 494,113                    
Issuance of common shares in connection with common warrant exercises                                                                                     $ 0 $ 0 $ 0 3,014 0 3,014              
Transaction costs in connection with Purchase Agreement with LPC                                                                                                 0 0 0 (42) 0   (42)
Dividend on Series B convertible preferred stock                                                                                                 $ 0 $ 0 $ 0 (1,053) 0   (1,053)
Dividend on Series B convertible preferred stock paid in PIK shares (in shares)                                                                                                 0 1,050 0        
Dividend on Series B convertible preferred stock paid in PIK shares                                                                                                 $ 0 $ 0 $ 0 1,050 0   1,050
Stock-based compensation expense                                                                                                 0 0 0 617 0   617
Net loss                                                                                                 $ 0 $ 0 $ 0 0 (3,735)   (3,735)
Issuance of restricted common shares in connection with consulting agreement, shares (in shares)                                                                                                 0 0 4,709        
Issuance of restricted common shares in connection with consulting agreement                                                                                                 $ 0 $ 0 $ 0 25 0   25
Issuance costs for Series A-2 and B-2 warrants in connection with 2020 Warrant Offering                                                                                     $ 0 $ 0 $ 0 $ 593 $ 0 $ 593              
Transaction costs in connection with 2020 Warrant Offering                                                                                                 $ 0 $ 0 $ 0 (7) 0   (7)
Issuance of common shares for vesting of restricted stock award granted to consultant (in shares)                                                                                                 0 0 22        
Issuance of common shares for vesting of restricted stock award granted to consultant                                                                                                 $ 0 $ 0 $ 0 0 0   0
Issuance costs for Series A-2 and B-2 warrants in connection with 2020 Warrant Offering (in shares)                                                                                     0 0 93,129                    
Reverse stock split (December 2020) - rounding adjustment (in shares)                                                                                                 0 0 5,931        
Reverse stock split (December 2020) - rounding adjustment                                                                                                 $ 0 $ 0 $ 0 0 0   0
Balances (in shares) at Sep. 30, 2020                                                                                                 0 34,735 2,171,316        
Balances at Sep. 30, 2020                                                                                                 $ 0 $ 0 $ 0 226,159 (215,071)   11,089
Balances (in shares) at Dec. 31, 2020                                                                                                 0 35,819 2,171,316        
Balances at Dec. 31, 2020                                                                                                 $ 0 $ 0 $ 0 226,800 (219,826)   6,974 [1]
Stock offering, net of issuance costs (in shares) 0 0 5,666,760                                                                                                        
Stock offering, net of issuance costs $ 0 $ 0 $ 1 $ 25,121 $ 0 $ 25,122                                                                                                  
Conversion of convertible preferred stock into common stock (in shares)                                     0 0 2,450,880                                                                    
Conversion of convertible preferred stock into common stock                                     $ 0 $ 0 $ 0 $ 0 $ 0 $ 0                                                              
Issuance of common shares in connection with common warrant exercises (in shares)                                                                                                 0 0 52,760        
Issuance of common shares in connection with common warrant exercises                                                                                                 $ 0 $ 0 $ 0 179 0   179
Modification of exercise price of warrants                                                             $ 0 $ 0 $ 0 $ 287 $ 0 $ 287                                      
Transaction costs in connection with Purchase Agreement with LPC                         0 0 0 (40) 0 (40)                                                                          
Dividend on Series B convertible preferred stock                                                                                                 $ 0 $ 0 $ 0 (1,119) 0   (1,119)
Dividend on Series B convertible preferred stock paid in PIK shares (in shares)                                                                                                 0 1,118 0        
Dividend on Series B convertible preferred stock paid in PIK shares                                                                                                 $ 0 $ 0 $ 0 1,118 0   1,118
Stock-based compensation expense                                                                                                 0 0 0 810 0   810
Net loss                                                                                                 $ 0 $ 0 $ 0 0 (5,791)   (5,791)
Balances (in shares) at Mar. 31, 2021                                                                                                 0 36,937 10,341,716        
Balances at Mar. 31, 2021                                                                                                 $ 0 $ 0 $ 1 253,156 (225,617)   27,540
Balances (in shares) at Dec. 31, 2020                                                                                                 0 35,819 2,171,316        
Balances at Dec. 31, 2020                                                                                                 $ 0 $ 0 $ 0 226,800 (219,826)   6,974 [1]
Balances (in shares) at Jun. 30, 2021                                                                                                 0 38,090 10,591,716        
Balances at Jun. 30, 2021                                                                                                 $ 0 $ 0 $ 1 254,781 (229,667)   25,115
Balances (in shares) at Dec. 31, 2020                                                                                                 0 35,819 2,171,316        
Balances at Dec. 31, 2020                                                                                                 $ 0 $ 0 $ 0 226,800 (219,826)   6,974 [1]
Dividend on Series B convertible preferred stock paid in PIK shares (in shares)                                                                                                           3,460  
Net loss                                                                                                             $ (15,699)
Issuance of restricted common shares in connection with consulting agreement, shares (in shares)                                                                                                             0
Balances (in shares) at Sep. 30, 2021                                                                                                 0 39,279 10,602,560        
Balances at Sep. 30, 2021                                                                                                 $ 0 $ 0 $ 1 255,889 (235,525)   $ 20,365
Balances (in shares) at Mar. 31, 2021                                                                                                 0 36,937 10,341,716        
Balances at Mar. 31, 2021                                                                                                 $ 0 $ 0 $ 1 253,156 (225,617)   27,540
Stock offering, net of issuance costs (in shares)                                                                                                 0 0 250,000        
Stock offering, net of issuance costs                                                                                                 $ 0 $ 0 $ 0 704 0   704
Modification of exercise price of warrants                                                                                                 0 0 0 86 0   86
Transaction costs in connection with Purchase Agreement with LPC                         $ 0 $ 0 $ 0 $ (31) $ 0 $ (31)                                                                          
Dividend on Series B convertible preferred stock                                                                                                 $ 0 $ 0 $ 0 (1,154) 0   (1,154)
Dividend on Series B convertible preferred stock paid in PIK shares (in shares)                                                                                                 0 1,153 0        
Dividend on Series B convertible preferred stock paid in PIK shares                                                                                                 $ 0 $ 0 $ 0 1,153 0   1,153
Stock-based compensation expense                                                                                                 0 0 0 867 0   867
Net loss                                                                                                 $ 0 $ 0 $ 0 0 (4,050)   (4,050)
Balances (in shares) at Jun. 30, 2021                                                                                                 0 38,090 10,591,716        
Balances at Jun. 30, 2021                                                                                                 $ 0 $ 0 $ 1 254,781 (229,667)   25,115
Dividend on Series B convertible preferred stock                                                                                                 $ 0 $ 0 $ 0 (1,190) 0   (1,190)
Dividend on Series B convertible preferred stock paid in PIK shares (in shares)                                                                                                 0 1,189 0     1,189  
Dividend on Series B convertible preferred stock paid in PIK shares                                                                                                 $ 0 $ 0 $ 0 1,189 0   1,189
Stock-based compensation expense                                                                                                 0 0 0 1,088 0   1,088
Net loss                                                                                                 $ 0 $ 0 $ 0 0 (5,858)   (5,858)
Issuance of common shares from employee stock purchase plan (in shares)                                                                                                 0 0 10,844        
Issuance of common shares from employee stock purchase plan                                                                                                 $ 0 $ 0 $ 0 21 0   21
Balances (in shares) at Sep. 30, 2021                                                                                                 0 39,279 10,602,560        
Balances at Sep. 30, 2021                                                                                                 $ 0 $ 0 $ 1 $ 255,889 $ (235,525)   $ 20,365
[1] The condensed consolidated balance sheet as of December 31, 2020 has been derived from the audited consolidated financial statements as of that date.