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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2019
Summary of information about stock options under the Plan

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Weighted

    

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Weighted

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Average

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Average

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Remaining

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Number of

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Exercise

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Contractual

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Intrinsic

 

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Shares

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Price

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Life (Years)

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Value

 

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(in thousands, except per share and year data)

 

Balance at December 31, 2016

 

4,720

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$

2.41

 

3.4

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$

4,388

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Granted

 

338

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2.99

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—

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—

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Exercised

 

(94)

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1.30

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—

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87

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Forfeited

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(37)

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4.28

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—

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—

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Expired

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(21)

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5.00

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—

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—

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Balance at December 31, 2017

 

4,906

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$

2.45

 

2.6

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$

2,564

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Granted

 

375

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1.90

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—

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—

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Exercised

 

(171)

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1.02

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—

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195

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Forfeited

 

(405)

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3.99

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—

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—

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Expired

 

(462)

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2.27

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Balance at December 31, 2018

 

4,243

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$

2.33

 

2.0

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$

1,475

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Granted

 

3,050

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1.73

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—

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—

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Exercised

 

(535)

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1.01

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—

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419

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Forfeited

 

(700)

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2.56

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—

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—

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Expired

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(789)

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2.90

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—

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—

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Balance at December 31, 2019

 

5,269

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$

2.00

 

3.0

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$

364

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Exercisable at December 31, 2019

 

2,234

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$

2.27

 

1.2

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$

364

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Schedule of weighted-average assumptions used for estimation of the fair value of the options granted under the Plan at the date of grant, using the Black-Scholes Option Valuation Model

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2019

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2018

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2017

Risk-free interest rate

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1.45% to 1.87%

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2.67% to 2.89%

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1.46% to 1.60%

Dividend yield

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0.00%

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0.36% to 0.53%

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0.31% to 0.36%

Volatility factor of the expected market price of common stock

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58%

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63% to 64%

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72% to 74%

Weighted-average expected life of option

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3.5 years

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3.5 years

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3.5 years

Weighted-average grant date fair value

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$

1.73

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$

1.90

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$

2.99

Summary of status and activity of non-vested stock options

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Weighted

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Average

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Number of

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Grant Date

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Shares

    

Fair Value

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(in thousands, except per share amounts)

Non-vested, beginning of year

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691

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$

1.28

Granted

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3,050

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$

0.58

Cancelled/Forfeited

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(402)

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$

0.74

Vested

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(304)

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$

1.44

Non-vested, end of year

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3,035

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$

0.64

November 2019 Offering  
Schedule of Black-Scholes pricing model to determine the fair value of warrants

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November 20, 2019

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Risk-free interest rate

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1.55

%

Dividend yield

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0.00

%

Volatility factor of the expected market price of common stock

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60

%

Weighted-average expected life

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5 years

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Weighted-average grant date fair value

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$

0.52

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March 2019 Offering  
Schedule of Black-Scholes pricing model to determine the fair value of warrants

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Issued on:

March 29, 2019

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May 23, 2019

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Risk-free interest rate

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2.30

%

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2.14

%

Dividend yield

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0.00

%

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0.00

%

Volatility factor of the expected market price of common stock

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50

%

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45

%

Weighted-average expected life

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3 years

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3 years

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Weighted-average grant date fair value

$

0.43

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$

0.22

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September 2017 Offering  
Schedule of Black-Scholes pricing model to determine the fair value of warrants

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Risk-free interest rate

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1.56

%

Dividend yield

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0.36

%

Volatility factor of the expected market price of common stock

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71

%

Weighted-average expected life

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53 weeks

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Weighted-average grant date fair value

$

0.40

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