XML 42 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIT) (unaudited) - USD ($)
$ in Thousands
Redeemable Convertible Series B Preferred Stock [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Income Loss [Member]
Noncontrolling Interest [Member]
Preferred A Stock [Member]
Total
Opening balance at Dec. 31, 2015   $ 44 $ 116,793 $ (102,371) $ (1,769)     $ 12,697
Opening balance (in shares) at Dec. 31, 2015   4,398,344            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock-based compensation related to stock options and restricted stock 1,969 1,969
Restricted stock canceled
Restricted stock canceled (in shares) (37,250)
Foreign currency translation adjustment $ (2,810) $ (2,810)
Net Loss (13,264)   (13,264)
Closing balance at Dec. 31, 2016 $ 44 118,762 (115,635) (4,579)   (1,408)
Closing balance (in shares) at Dec. 31, 2016 4,361,094            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock-based compensation related to stock options and restricted stock 1,466 1,466
Common shares issued for asset contribution $ 9 1,266 1,275
Common shares issued for asset contribution (in shares) 879,234          
Preferred A stock issued for asset contribution 4,482 $ 1 4,483
Preferred A stock issued for asset contribution (in shares)         123,668  
Common shares issued for Note Payout $ 56 5,570 5,626
Common shares issued for Note Payout (in shares) 5,628,291          
Common shares issued for severance $ 10 900 910
Common shares issued for severance (in shares) 1,000,000          
Issuance of series B redeemable convertible preferred stock and embedded option, net of stock issuance costs of $42          
Issuance of series B redeemable convertible preferred stock and embedded option, net of stock issuance costs of $42 (in shares) 1,500,000              
Amortization of discount related to written call option $ 84
Accretion of dividend (3) (3) (3)
Noncontrolling interest from asset acquisition 182 182
Reclassification of cumulative translation adjustment 3,228 3,228
Foreign currency translation adjustment 189   189
Net Loss (19,384) (8)   (19,392)
Closing balance at Dec. 31, 2017 $ 87 $ 119 132,446 (135,022) (1,162) 174 $ 1 (3,444)
Closing balance (in shares) at Dec. 31, 2017 1,500,000 11,868,619         123,668  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock-based compensation related to stock options and restricted stock 5 $ 5
Common shares issued for asset contribution (in shares)             2,500,000
Issuance of series B redeemable convertible preferred stock and embedded option, net of stock issuance costs of $42 $ 2,225
Issuance of series B redeemable convertible preferred stock and embedded option, net of stock issuance costs of $42 (in shares) 2,225,000              
Partial exercise of series B redeemable convertible preferred stock written call option $ 677 677
Dividend on Series B redeemable convertible preferred stock 141 (141) (141) [1]
Accretion of dividend 1,968     (1,968)       (1,968) [2]
Conversion of series B redeemable convertible preferred stock into common stock $ (2,553) $ 30 2,523 2,553
Conversion of series B redeemable convertible preferred stock into common stock (in shares) (1,869,663) 2,965,301            
Foreign currency translation adjustment 17 17
Net Loss 101 (2)   99
Closing balance at Jun. 30, 2018 $ 2,545 $ 149 $ 134,974 $ (137,030) $ (1,145) $ 172 $ 1 $ (2,879)
Closing balance (in shares) at Jun. 30, 2018 1,855,337 14,833,920         123,668  
[1] The net loss used for the computation of basic and diluted net loss per share for the year ended December 31, 2017, includes the 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 (The Certificate of Designation) under the liquidation preference right (see also Note 14).
[2] 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. Consequently, in each reporting period commencing March 31, 2018, the outstanding Series B Preferred Stock is recorded at its maximum redemption value until the occurrance of redemption or a conversion as prior.