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Stock Benefit Plans and Equity Transactions (Tables)
9 Months Ended
Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Total Stock Based Compensation

Total stock-based compensation for the three and nine months ended September 30, 2019 and 2018 is as follows (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Cost of revenues

 

$

57

 

 

$

18

 

 

$

113

 

 

$

51

 

Research and development

 

 

388

 

 

 

179

 

 

 

921

 

 

 

192

 

Sales, general and administrative

 

 

3,158

 

 

 

1,478

 

 

 

6,532

 

 

 

3,199

 

Total

 

$

3,603

 

 

$

1,675

 

 

$

7,566

 

 

$

3,442

 

 

Summary of Common Stock Reserved for Future Issuance

As of September 30, 2019, the Company had reserved shares of its common stock for future issuance as follows (in thousands):

 

 

 

September 30, 2019

 

Stock options outstanding

 

 

4,270

 

Unvested restricted stock award

 

 

6,755

 

Employee stock purchase plan

 

 

130

 

Series A convertible preferred stock

 

 

67

 

Warrants outstanding

 

 

26,739

 

Authorized for future grant under the Distributor and

    Development Services plans

 

 

3,908

 

Authorized for future grant under the Company equity plans

 

 

1,529

 

Total

 

 

43,398

 

 

Summary of Outstanding Warrants

A summary of all outstanding warrants is as follows:

 

 

 

Number of

Warrants

 

 

Strike Price

 

2017 Common Stock Warrants

 

 

3,357,000

 

 

$

2.00

 

2017 Banker Warrants

 

 

148,554

 

 

$

2.50

 

2018 Common Stock Warrants

 

 

13,827,473

 

 

$

3.50

 

Merger Warrants

 

 

2,200,000

 

 

$

3.50

 

Executive

 

 

1,327,434

 

 

$

5.00

 

Squadron Capital

 

 

845,000

 

 

$

3.15

 

Squadron Capital

 

 

4,838,710

 

 

$

2.17

 

Other

 

 

195,312

 

 

$

3.85

*

Total

 

 

26,739,483

 

 

 

 

 

 

* - Represents weighted average exercise price.