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Description of Business and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Summary of Revenue from Services

For the three and nine months ended September 30, 2020 and 2019, revenue from these services consisted of the following (in thousands):

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

Diagnostic tests

 

$

8,552

 

 

$

3,770

 

 

$

15,798

 

 

$

12,716

 

 

Services

 

 

641

 

 

 

172

 

 

 

2,730

 

 

 

3,565

 

 

Total revenue

 

$

9,193

 

 

$

3,942

 

 

$

18,528

 

 

$

16,281

 

 

Schedule of Computation of Basic and Diluted Net Loss per Share Attributable to Common Stockholders

The following table sets forth the computation of the basic and diluted net loss per share attributable to common stockholders (in thousands, except per share amounts):

 

 

 

Three months ended September 30,

Nine months ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

$

(8,845

)

 

$

(9,601

)

 

$

(26,817

)

 

$

(24,201

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding used

   in computing net loss per share, basic and diluted

 

 

277

 

 

 

244

 

 

 

269

 

 

 

233

 

Net loss per share, basic and diluted

 

$

(31.93

)

 

$

(39.35

)

 

$

(99.69

)

 

$

(103.87

)

Schedule of Potentially Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share Attributable to Common Stockholders

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive for the three and nine month periods ended September 30, 2020 and 2019 (in thousands):

 

 

 

Nine months ended September 30,

 

 

 

2020

 

 

2019

 

Options to purchase common stock

 

 

2,843

 

 

 

2,010

 

Convertible preferred stock

 

 

119,257

 

 

 

119,257

 

Warrants

 

 

613

 

 

 

2,440

 

Restricted stock units

 

 

79

 

 

 

26

 

Convertible debt (1)

 

 

20,746

 

 

 

16,240

 

Total

 

 

143,538

 

 

 

139,973

 

(1)

The number of common shares that convertible debt was assumed to convert to was based on the Company’s estimated common stock price as of September 30, 2020, as determined by the Company’s board of directors (“Board of Directors”) with assistance from a valuation firm.