XML 35 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Redeemable Convertible Preferred Stock and Stockholders' Equity (Deficit) (Details 1) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Opening balance     $ (3,618)  
Partial exercise of Series B Preferred Stock written call option     681
Revaluation of option to purchase Series B Shares [1] $ 33 2,001
Closing balance 568   568  
Redeemable Convertible Preferred Stock Series B [Member]        
Opening balance     4,390  
Partial exercise of Series B Preferred Stock written call option     (681)  
Revaluation of option to purchase Series B Shares     3,288  
Extinguishment of option to purchase Series B Shares [2]     (421)  
Closing balance    
[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. Consequently, in each reporting period commencing March 31, 2018, the outstanding Series B Preferred Stock is recorded at its maximum redemption value until occurrence of redemption or conversion. These shares were cancelled as a result of the entry into the Remediation Agreement on September 24, 2018 as described below (see also Note 5).
[2] On September 24, 2018, the OFI Purchase Agreement was superseded by the Remediation Agreement entered into with OFI and Note Holders. Consequently, the option to purchase Series B Shares has been extinguished, as described below in more details.