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Equity Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Fair Value of Stock Option Grants Valuation Assumptions by Block-Scholes Option Pricing Model

The fair value of stock option grants is set forth below and was determined using the Black-Scholes option pricing model with the following assumptions:

 

 

 

Year Ended December 31,

 

 

2015

 

2016

 

2017

Fair value of common stock

 

$0.85

 

$0.85-$3.06

 

$3.06-$19.56

Expected term (in years)

 

2-10

 

2-10

 

5-6

Risk-free interest rate

 

0.75%-2.10%

 

0.75%-1.77%

 

1.85%-2.29%

Expected volatility

 

55%

 

55%

 

55%

Expected dividend yield

 

 

 

 

Schedule of Stock Option Activity

A summary of stock option activities under the 2005 Plan and 2017 Plan during the year ended December 31, 2017 is as follows:

 

 

 

Number

of Options

Outstanding

 

 

Weighted

Average

Exercise

Price

 

Outstanding at December 31, 2014

 

 

916,584

 

 

$

0.89

 

Granted

 

 

112,068

 

 

$

0.85

 

Exercised

 

 

(45,199

)

 

$

0.70

 

Canceled

 

 

(45,203

)

 

$

0.80

 

Outstanding at December 31, 2015

 

 

938,250

 

 

$

0.90

 

Granted

 

 

272,769

 

 

$

1.27

 

Exercised

 

 

(33,395

)

 

$

0.75

 

Canceled

 

 

(47,483

)

 

$

4.14

 

Outstanding at December 31, 2016

 

 

1,130,141

 

 

$

0.86

 

Granted

 

 

261,476

 

 

$

5.52

 

Exercised

 

 

(74,990

)

 

$

0.74

 

Canceled

 

 

(22,499

)

 

$

1.52

 

Outstanding at December 31, 2017

 

 

1,294,128

 

 

$

1.79

 

 

Schedule of Stock Options Outstanding, Exercisable and Vested

Stock options outstanding, exercisable and vested were as follows:

 

Outstanding at December 31, 2015

 

 

Weighted-average Remaining Contractual Life (years)

 

Exercisable and Vested as of December 31, 2015

 

 

Weighted-average Remaining Contractual Life (years)

 

 

Weighted-average Exercise Price

 

938,250

 

 

6.31

 

 

731,516

 

 

5.79

 

 

0.94

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2016

 

 

Weighted-average Remaining Contractual Life (years)

 

Exercisable and Vested as of December 31, 2016

 

 

Weighted-average Remaining Contractual Life (years)

 

 

Weighted-average Exercise Price

 

1,130,141

 

 

6.29

 

 

842,261

 

 

5.32

 

 

0.74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2017

 

 

Weighted-average Remaining Contractual Life (years)

 

Exercisable and Vested as of December 31, 2017

 

 

Weighted-average Remaining Contractual Life (years)

 

 

Weighted-average Exercise Price

 

1,294,128

 

 

6.22

 

 

883,959

 

 

 

5.00

 

 

0.85

 

Schedule of Stock-Based Compensation Expense Recorded in Consolidated Statements of Operations

Total stock-based compensation expense associated with the 2005 Plan, 2017 Plan and 2017 ESPP is recorded in the consolidated statements of operations and was allocated as follows (in thousands):

 

 

 

 

Year Ended December 31,

 

 

 

 

2015

 

 

2016

 

 

2017

 

Costs

 

 

$

13

 

 

$

11

 

 

$

75

 

Sales and marketing

 

 

 

13

 

 

 

7

 

 

 

133

 

Research and development

 

 

 

32

 

 

 

18

 

 

 

69

 

General and administrative

 

 

 

79

 

 

 

47

 

 

 

351

 

Total

 

 

$

137

 

 

$

83

 

 

$

628