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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Summary of Outstanding Warrants Issued By Company

Below is the summary of outstanding warrants issued by the Company as of March 31, 2015:

 

Warrant Type

 

Number of Shares Issuable Upon Exercise

 

 

Weighted Average Exercise Price

 

 

Issue Date

 

Expiration Date

Consultant Warrant

 

 

85,000

 

 

$

10.70

 

 

August 13, 2014

 

August 13, 2019

Opus Warrant

 

 

100,000

 

 

 

9.90

 

 

March 31, 2014

 

March 31, 2019

2013 Private Placement Warrants

 

 

186,878

 

 

 

10.00

 

 

August 14, 2013

 

August 14, 2017

2010 Private Placement Warrants

 

 

369,169

 

 

 

26.50

 

 

November 14, 2010

 

November 14, 2015

Total

 

 

741,047

 

 

 

 

 

 

 

 

 

 

Summary of Activity under Stock-Based Compensation Plans

A summary of activity for the Company’s stock option plans for the three months ended March 31, 2015 follows:

 

 

Number

Outstanding

 

 

Average Exercise

Price per Share

 

 

Weighted Average Remaining

Contractual Term (Years)

 

 

Average Intrinsic

Value

 

Balance at December 31, 2014

 

897,115

 

 

$

12.09

 

 

 

 

 

 

$

3,425,558

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled or Expired

 

(24,388

)

 

 

15.80

 

 

 

 

 

 

 

 

 

Exercised

 

(688

)

 

 

8.00

 

 

 

 

 

 

 

 

 

Balance at March 31, 2015

 

872,039

 

 

$

11.99

 

 

 

7.24

 

 

$

374,867

 

Vested or expected to vest at

   March 31, 2015

 

799,420

 

 

$

12.25

 

 

 

6.99

 

 

$

339,349

 

Exercisable at March 31,

   2015

 

406,673

 

 

$

15.11

 

 

 

5.45

 

 

$

144,478

 

 

Summary Information about Options Outstanding

The following table summarizes information about options outstanding as of March 31, 2015:

 

 

 

Options Outstanding

 

 

Options Exercisable

 

Range of Exercise Prices

 

Number Outstanding

 

 

Weighted Average Remaining Contractual Life (Years)

 

 

Weighted Average Exercise Price

 

 

Number Exercisable

 

 

Weighted Average Exercise Price

 

$5.20 - $8.40

 

 

179,175

 

 

 

7.94

 

 

$

6.49

 

 

 

86,383

 

 

$

6.94

 

$8.41 - $8.80

 

 

256,625

 

 

 

8.93

 

 

 

8.80

 

 

 

65,375

 

 

 

8.80

 

$8.81 - $11.30

 

 

174,976

 

 

 

8.89

 

 

 

10.84

 

 

 

18,655

 

 

 

10.06

 

$11.31 - $24.00

 

 

177,800

 

 

 

4.53

 

 

 

14.75

 

 

 

153,385

 

 

 

14.88

 

$24.01 - $43.40

 

 

83,463

 

 

 

1.93

 

 

 

30.17

 

 

 

82,875

 

 

 

30.20

 

$5.20 - $43.40

 

 

872,039

 

 

 

7.24

 

 

$

11.99

 

 

 

406,673

 

 

$

15.11

 

 

Summary of Restricted Stock Unit Activity

The following is a summary of restricted stock and restricted stock unit (“RSU”) activity for the three months ended March 31, 2015:

 

 

Number

Outstanding

 

 

Weighted Average

Fair Value

 

 

Weighted Average Remaining

Contractual Term (Years)

 

Average Intrinsic

Value

 

Balance at December 31, 2014

 

542,342

 

 

$

13.74

 

 

 

 

$

7,533,132

 

Granted

 

264,000

 

 

 

12.49

 

 

 

 

 

 

 

Vested

 

(39,921

)

 

 

10.04

 

 

 

 

 

 

 

Forfeited

 

(22,000

)

 

 

10.57

 

 

 

 

 

 

 

Balance at March 31, 2015

 

744,421

 

 

$

13.34

 

 

1.65

 

$

6,387,133

 

 

Stock-Based Compensation Expense

The following table illustrates all employee stock-based compensation expense related to stock options and RSUs included in the condensed consolidated statements of operations for the three months ended March 31, 2015 and 2014 (in thousands):

 

 

Three Months Ended

 

 

March 31,

 

 

2015

 

 

2014

 

Cost of revenue

$

29

 

 

$

5

 

Research and development

 

69

 

 

 

18

 

Selling and marketing

 

239

 

 

 

51

 

General and administrative

 

869

 

 

 

126

 

Total

$

1,206

 

 

$

200

 

 

Summary of Common Stock Reserved For Future Issuance

Common stock reserved for future issuance as of March 31, 2015 was as follows:

 

Exercise of outstanding stock options and vesting of RSUs

 

 

1,616,460

 

ESPP

 

 

293,888

 

Shares of common stock available for grant under the 2011 Plan

 

 

139,380

 

Noncontrolling interest in Bluehill AG

 

 

10,355

 

Warrants to purchase common stock

 

 

741,047

 

Contingent consideration for idOnDemand

 

 

321,429

 

Total

 

 

3,122,559