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Common Stock, Common Stock Warrants and Stock Option Plan (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of Stock Reserved for Future Issuance

As of December 31, 2019 and 2018, we had reserved shares of common stock for future issuances as follows:

 

 

 

 

 

 

 

December 31, 

 

 

2019

 

2018

Warrants to purchase common stock

 

1,165,282

 

1,239,423

Options outstanding

 

1,929,391

 

1,865,415

Restricted stock units outstanding

 

1,451,507

 

1,154,980

Shares available for future grants

 

288,813

 

96,515

Shares available for ESPP

 

373,428

 

362,938

Shares reserved for issuance upon conversion of the Notes

 

8,885,204

 

 0

Total

 

14,093,625

 

4,719,271

 

Summary of Outstanding Common Stock Warrants

In connection with the conversion of preferred stock warrants upon the completion of our IPO on October 30, 2015, the following common stock warrants were outstanding:

 

 

 

 

 

 

 

 

As of December 31, 2019

 

 

 

 

 

 

 

Total amount of securities issuable

    

 

 

    

 

    

 

under the outstanding warrants

 

Exercise Price

 

Issuance Date

 

 Expiration Date

315,282

 

$

2.38

 

2014-2015

 

2022-2024

850,000

 

$

8.62

 

2018

 

2024
1,165,282

 

$

6.93

 

  

 

  

 

 

 

 

 

 

 

 

 

As of December 31, 2018

 

 

 

 

 

 

 

Total amount of securities issuable

    

 

 

    

 

    

 

under the outstanding warrants

 

Exercise Price

 

Issuance Date

 

 Expiration Date

74,141

 

$

30.35

 

2012-2013

 

2019
315,282

 

$

2.38

 

2014-2015

 

2022-2024

850,000

 

$

8.62

 

2018

 

2024
1,239,423

 

$

8.33

 

  

 

  

 

Summary of Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock Options

 

    

 

    

 

 

    

Weighted-

    

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

 

 

 

Exercise

 

Contractual

 

Intrinsic

 

 

Shares

 

Price

 

Term (Years)

 

Value

 

 

(aggregate intrinsic value in thousands)

Outstanding as of December 31, 2016

 

991,895

 

$

2.68

 

6.3

 

$

161

Granted

 

835,480

 

 

4.30

 

  

 

 

  

Exercised

 

(230,123)

 

 

1.92

 

  

 

 

  

Canceled

 

(36,799)

 

 

4.16

 

  

 

 

  

Outstanding as of December 31, 2017

 

1,560,453

 

 

3.63

 

7.6

 

$

4,632

Granted

 

479,375

 

 

7.25

 

  

 

 

  

Exercised

 

(112,965)

 

 

2.48

 

  

 

 

  

Canceled

 

(61,448)

 

 

3.65

 

  

 

 

  

Outstanding as of December 31, 2018

 

1,865,415

 

 

4.63

 

7.6

 

$

1,540

Granted

 

189,856

 

 

6.16

 

  

 

 

  

Exercised

 

(112,647)

 

 

3.36

 

  

 

 

  

Canceled

 

(13,233)

 

 

6.53

 

  

 

 

  

Outstanding as of  December 31, 2019

 

1,929,391

 

$

4.84

 

6.9

 

$

7,146

Options vested and expected to vest as of December 31, 2019

 

1,875,980

 

$

4.80

 

6.9

 

$

7,029

Options vested and exercisable as of December 31, 2019

 

1,248,054

 

$

4.23

 

6.3

 

$

5,408

 

Summary of Restricted Stock Units Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Stock Units

 

    

 

    

 

 

    

Weighted-

    

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

 

 

 

Grant Date

 

Contractual

 

Intrinsic

 

 

Shares

 

Fair Value

 

Term (Years)

 

Value

 

 

(aggregate intrinsic value in thousands)

Outstanding as of December 31, 2016

 

490,954

 

$

5.80

 

0.5

 

$

908

Granted

 

541,513

 

 

2.88

 

 

 

 

 

Released

 

(497,009)

 

 

5.64

 

 

 

 

 

Forfeited/expired

 

(25,564)

 

 

5.98

 

 

 

 

 

Outstanding as of December 31, 2017

 

509,984

 

 

2.84

 

1.4

 

$

3,288

Granted

 

925,578

 

 

6.55

 

 

 

 

 

Released

 

(264,568)

 

 

4.02

 

 

 

 

 

Forfeited/expired

 

(15,924)

 

 

8.34

 

 

 

 

 

Outstanding as of December 31, 2018

 

1,154,980

 

 

5.50

 

1.4

 

$

5,082

Granted

 

978,851

 

 

6.35

 

  

 

 

  

Released

 

(512,703)

 

 

5.31

 

  

 

 

  

Forfeited/expired

 

(169,621)

 

 

5.15

 

  

 

 

  

Outstanding as of December 31, 2019

 

1,451,507

 

$

6.18

 

1.3

 

$

12,314

 

Schedule of Additional Information Regarding Stock Options Outstanding and Vested

Additional information regarding stock options outstanding and vested as of December 31, 2019 is summarized below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Vested and

 

 

Options Outstanding

 

Exercisable

 

 

 

 

Weighted-

 

Weighted-

 

 

 

Weighted-

 

 

Number of

 

Average

 

Average

 

Shares

 

Average

 

 

Stock

 

Remaining

 

Exercise

 

subject

 

Exercise

 

 

Options

 

Contractual

 

Price per

 

to Stock

 

Price per

Range of Exercise Prices

    

Outstanding

    

Life (Years)

    

Share

    

Options

    

Share

$1.60

 

4,417

 

6.8

 

$

1.60

 

3,416

 

$

1.60

$1.65

 

268,559

 

3.2

 

 

1.65

 

268,559

 

 

1.65

$3.30 - $3.48

 

212,307

 

5.9

 

 

3.40

 

208,584

 

 

3.40

$3.55

 

370,275

 

7.2

 

 

3.55

 

245,596

 

 

3.55

$3.60 - $4.58

 

155,365

 

7.4

 

 

3.76

 

109,460

 

 

3.66

$5.25

 

216,993

 

7.2

 

 

5.25

 

136,051

 

 

5.25

$5.30 - $5.87

 

205,018

 

9.1

 

 

5.76

 

42,531

 

 

5.56

$6.15 - $8.10

 

183,651

 

8.3

 

 

6.62

 

81,611

 

 

6.48

$8.45

 

239,413

 

8.3

 

 

8.45

 

89,777

 

 

8.45

$8.55 - $10.00

 

73,393

 

6.5

 

 

9.63

 

62,469

 

 

9.79

$1.60-$10.00

 

1,929,391

 

6.9

 

$

4.84

 

1,248,054

 

$

4.23