Basis of Presentation and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Schedule of Earnings (Loss) Per Share, Basic and Diluted

Common Stock equivalents represent the dilutive effect of the assumed exercise of outstanding stock options and warrants, using the treasury stock method, at either the beginning of the respective period presented or the date of issuance, whichever is later, and only if the Common Stock equivalents are considered dilutive based upon the Company’s net income position at the calculation date.

(in thousands, except share and per share data)	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
Numerator:	2019		2018			2019		2018
Net income (loss)	$	10,684	$	(918	)	$	10,526	$	(11,658	)
Denominator:
Denominator for basic income (loss)
per share - weighted-average shares	4,048,635		2,871,042			3,985,112		2,698,532
Effect of dilutive securities:
Equity incentive plans	1,373,710		—			1,325,045		—
Denominator for diluted income (loss) per share	5,422,345		2,871,042			5,310,157		2,698,532
Income (loss) per share - Basic	$	2.64	$	(0.32	)	$	2.64	$	(4.32	)
Income (loss) per share - Diluted	$	1.97	$	(0.32	)	$	1.98	$	(4.32	)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The Company excluded the following securities from the calculation of diluted net income (loss) per share as the effect would have been antidilutive:

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
	2019	2018	2019	2018
Options to purchase common stock	409,025	3,301,050	476,438	3,301,050
Warrants to purchase common stock	—	353,610	—	353,610
Total	409,025	3,654,660	476,438	3,654,660