Common stock

12 Months Ended

Dec. 31, 2014

Common stock.

Common stock

10. Common stock

        The common stockholders are entitled to a distribution of all remaining assets (which may be more or less than the original investment), on a proportionate basis, in the event of the dissolution or winding up of the Company, after payment of all liabilities of the Company and the liquidation preference of all series of preferred stock then outstanding. The common stock has no conversion or redemption rights. The common stock is entitled to one vote per share at all general meetings of the Company. The common stockholders are entitled to share in all dividends and distributions, which may be declared by the Company, on a proportionate basis with all other classes and series of stock outstanding.

        During the year ended December 31, 2014 the Company issued 643,511 shares of common stock as follows:

Restricted stock grants	(243	)
Employee option exercises	564,077
Warrant exercises	79,677
Total common stock issued	643,511

        During the year ended December 31, 2013 the Company issued 1,378,631 shares of common stock as follows:

Restricted stock grants	860,739
Employee option exercises	304,769
Warrant exercises	213,123
Total common stock issued	1,378,631

        On December 14, 2012 the Company filed an amended and restated certificate of incorporation increasing the number of shares the Company authorized to issue to 250,000,000 common shares and 10,000,000 preferred shares. During the year ended December 31, 2012, the Company issued 1,894,452 shares of common stock as follows:

Inter-Atlantic warrant exercise	917,602
Employee option exercises	488,513
Consideration shares upon acquisition of BPS	488,337
Total common stock issued	1,894,452