XML 39 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Redeemable Convertible Preferred Stock and Stockholders' Deficit (Details 2) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Opening balance $ (3,618)    
Proceeds from issuance of Series B Shares 2,225 $ 1,458
Accretion of Series B Preferred Stock to redemption value [1] 1,968  
Preferred dividend on Series B Preferred Stock [2] 79  
Closing balance (7,279)   (3,618)
Series B Preferred Stock [Member]      
Opening balance 87    
Proceeds from issuance of Series B Shares 2,225    
Accretion of Series B Preferred Stock to redemption value 1,968    
Partial exercise of Series B Preferred Stock written call option 677    
Preferred dividend on Series B Preferred Stock 79    
Closing balance $ 5,036   $ 87
[1] Based on the rights and privileges of Series B Preferred Stock, since the Company did not obtain shareholder approval at March 31, 2018, the then outstanding Series B Preferred Stock became redeemable at the option of OFI.
[2] The net loss used for the computation of basic and diluted net loss per share for three months ended March 31, 2018, includes the preferred dividend requirement of 8% per share per annum for the Series B Preferred Stock, compounded annually which shall be distributed to stockholders in case of distributable assets determined in the Company's certificate of designation under the liquidation preference right (see also Note 5).