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Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2018

Stockholders' Equity Note [Abstract]

Summary of the company's preferred stock and its terms

A summary of preferred stock and its terms as of December 31, 2017, is as follows:


Series	Shares Authorized	Shares Issued and Outstanding	Carrying Value		Liquidation Preference per Share					8% Dividend per Share			Conversion Price per Share
A	5,375,507	5,375,507	$	5,037		$	1.00	$	0.08		$	6.65
B	8,706,909	8,706,909	15,913			1.84		0.15			9.91
C	14,091,589	13,829,906	14,949			1.07		0.09			7.12
D	5,683,292	5,683,292	6,043			1.07		0.09			7.12
E	15,373,091	15,267,175	39,848			2.62		0.21			15.16
F	27,664,232	27,372,261	37,316			1.37		0.11			9.11
Total	76,894,620	76,235,050	$	119,106

Summary of preferred stock warrants issued under the company's original credit facility and subsequent amendments

As of December 31, 2017, the following preferred stock warrants issued under our original credit facility and subsequent amendments were outstanding and exercisable:


Issuance	Expiration	Series	Exercise Price				Warrants Outstanding at December 31, 2017			Initial Value			Fair Value at December 31, 2017
February 24, 2017	February 24, 2027	F		$	1.37	29,197		$	4		$	13
August 7, 2015	August 7, 2025	E		2.62		29,580		33			8
June 27, 2014	June 27, 2024	E		2.62		76,334		85			21
August 5, 2013	August 5, 2023	C		1.07		74,768		39			33
November 16, 2012	November 16, 2022	C		1.07		186,916		96			82
Total						396,795					$	157

As of May 7, 2018, the date of the closing of our IPO, the following preferred stock warrants issued under the original credit facility and subsequent amendments were outstanding and exercisable:


Issuance	Expiration	Series	Exercise Price				Warrants Outstanding at May 7, 2018			Initial Value			Fair Value at May 7, 2018
February 8, 2018	February 8, 2028	F		$	1.37	233,577		$	103		$	320
February 24, 2017	February 24, 2027	F		1.37		29,197		4			40
August 7, 2015	August 7, 2025	E		2.62		29,580		33			41
June 27, 2014	June 27, 2024	E		2.62		76,334		85			174
August 5, 2013	August 5, 2023	C		1.07		74,768		39			80
November 16, 2012	November 16, 2022	C		1.07		186,916		96			200
Total						630,372					$	855

Summary of stock warrants outstanding

Warrants to purchase shares of our common stock are summarized below:


	Common Stock Warrants	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (years)
Outstanding at December 31, 2017	—	$	—
Preferred stock warrants converted to common stock warrants at IPO	100,558	$	9.38
Exercised	(93,963)	$	8.70
Outstanding at December 31, 2018	6,595	$	15.16	5.5

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

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+ Details

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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