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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Reconciliation of liabilities measured at fair value using significant unobservable inputs The following table provides a reconciliation of liabilities measured at fair value using significant unobservable inputs (Level 3) for the year ended December 31, 2017 and 2018 (in thousands):

 

 

 

Level 3

Liabilities

 

Balance at December 31, 2016

 

$

 

Transfer from equity

 

 

29,413

 

Changes in fair value

 

 

(12,044

)

Exercises

 

 

(2,311

)

Transfer to equity

 

 

(15,058

)

Balance at December 31, 2017

 

 

 

Contingent consideration liability recorded upon acquisition of

   SafeOp

 

 

3,200

 

Settlement of milestone #1

 

 

(1,446

)

Change in fair value measurement

 

 

846

 

Balance at December 31, 2018

 

$

2,600

 

Summary of weighted average assumptions used to compute stock-based compensation costs for stock options granted

The weighted average assumptions used to compute the stock-based compensation costs for the stock options granted during the years ended December 31, 2018 and 2017 are as follows:

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

Risk-free interest rate

 

 

2.85

%

 

 

2.01

%

Expected dividend yield

 

 

 

 

 

 

Weighted average expected life (years)

 

 

6.08

 

 

 

6.02

 

Volatility

 

 

78.54

%

 

 

78.52

%

 

Summary of compensation cost for stock-based compensation arrangements

The compensation cost that has been included in the Company’s consolidated statement of operations for all stock-based compensation arrangements is detailed as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

Cost of revenues

 

$

73

 

 

$

40

 

Research and development

 

 

482

 

 

 

206

 

Sales, general and administrative

 

 

4,749

 

 

 

3,735

 

Total

 

$

5,304

 

 

$

3,981

 

Computation of Basic and Diluted Loss Per Share

The following table sets forth the computation of basic and diluted loss per share (in thousands, except per share data):

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

 

 

Net loss attributable to common shareholders

 

 

Continuing

operations

 

 

Discontinued

operations

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income, basic

 

$

(42,463

)

 

$

(4,540

)

 

$

2,246

 

Change in fair value of warrants

 

 

 

 

 

12,044

 

 

 

 

Net (loss) income, diluted

 

$

(42,463

)

 

$

(16,584

)

 

$

2,246

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

35,402

 

 

 

12,827

 

 

 

12,827

 

Weighted average unvested common shares subject to

   repurchase

 

 

(87

)

 

 

(39

)

 

 

(39

)

Weighted average common shares outstanding - basic

 

 

35,315

 

 

 

12,788

 

 

 

12,788

 

Dilutive impact of warrants

 

 

 

 

 

494

 

 

 

494

 

Weighted average common shares outstanding - diluted

 

 

35,315

 

 

 

13,282

 

 

 

13,282

 

Basic net (loss) income per share

 

$

(1.20

)

 

$

(0.36

)

 

$

0.18

 

Diluted net (loss) income per share

 

$

(1.20

)

 

$

(1.25

)

 

$

0.17

 

 

Weighted-average anti-dilutive securities not included in diluted net loss per share

The anti-dilutive securities not included in diluted net loss per share were as follows calculated on a weighted average basis (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

Options to purchase common stock

 

 

330

 

 

 

3,156

 

Warrants to purchase common stock

 

 

1,860

 

 

 

1,204

 

Series A convertible preferred stock

 

 

2,141

 

 

 

3,829

 

Unvested restricted stock awards

 

 

87

 

 

 

39

 

Convertible notes

 

 

761

 

 

 

 

 

 

 

5,179

 

 

 

8,228