2018 Q4 Form 10-Q Financial Statement

#000142757018000088 Filed on November 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q4
Revenue $2.036M $2.987M $3.692M
YoY Change -44.85% 7.18% 378.24%
Cost Of Revenue $164.3K $1.418M $30.00K
YoY Change 447.67% 7.91% -66.67%
Gross Profit $532.0K $1.569M $1.990M
YoY Change -73.27% 6.52% -2110.1%
Gross Profit Margin 26.13% 52.53% 53.9%
Selling, General & Admin $19.26M $5.836M $6.760M
YoY Change 184.94% -25.3% 133.91%
% of Gross Profit 3620.62% 371.96% 339.7%
Research & Development $5.722M $2.368M $1.860M
YoY Change 207.64% -15.37% 44.19%
% of Gross Profit 1075.59% 150.92% 93.47%
Depreciation & Amortization -$1.849M $800.0K $120.0K
YoY Change -1641.18% 899.98% 300.0%
% of Gross Profit -347.64% 50.99% 6.03%
Operating Expenses $38.99M $8.204M $8.620M
YoY Change 352.3% -22.68% 106.22%
Operating Profit -$8.660M -$6.635M -$9.922M
YoY Change -12.72% -27.39% 31.7%
Interest Expense -$12.38K -$70.00K $280.0K
YoY Change -104.42% 233.33% -152.83%
% of Operating Profit
Other Income/Expense, Net -$155.4K -$40.00K -$280.0K
YoY Change -44.5% 263.64% -227.27%
Pretax Income -$38.71M -$5.287M -$8.580M
YoY Change 351.21% -47.08% 93.68%
Income Tax -$3.447M -$531.0K -$10.00K
% Of Pretax Income
Net Earnings -$8.756M -$6.745M -$10.12M
YoY Change -13.48% -26.44% 35.02%
Net Earnings / Revenue -430.06% -225.81% -274.11%
Basic Earnings Per Share
Diluted Earnings Per Share -$8.707B -$3.228B -$100.7B
COMMON SHARES
Basic Shares Outstanding 23.28M shares 17.82M shares 17.44M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.548M $472.9K $10.16M
YoY Change -45.4% -97.98% 206.95%
Cash & Equivalents $21.19M $21.55M $21.11M
Short-Term Investments $2.500M $8.100M $23.30M
Other Short-Term Assets $2.462M $909.0K $1.714M
YoY Change 43.64% -9.64% 37.78%
Inventory $1.580M $1.955M $1.418M
Prepaid Expenses $2.329M $783.0K $1.514M
Receivables $870.0K $2.775M $4.223M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $28.65M $35.31M $51.76M
YoY Change -44.65% -38.92% -33.7%
LONG-TERM ASSETS
Property, Plant & Equipment $1.739M $1.572M $1.346M
YoY Change 29.2% 23.39% 87.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $562.9K $81.76K $990.0K
YoY Change -43.15% -92.83% -11.61%
Total Long-Term Assets $1.739M $1.572M $1.346M
YoY Change 29.2% 23.39% 87.73%
TOTAL ASSETS
Total Short-Term Assets $28.65M $35.31M $51.76M
Total Long-Term Assets $1.739M $1.572M $1.346M
Total Assets $30.39M $36.88M $53.10M
YoY Change -42.78% -37.58% -32.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.159M $1.458M $1.276M
YoY Change -9.17% 105.35% 114.45%
Accrued Expenses $4.829M $4.409M $5.960M
YoY Change -18.97% 28.53% 116.73%
Deferred Revenue $352.0K $301.0K $510.0K
YoY Change -30.98%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $9.930M $523.0K $1.958M
YoY Change 407.15% -45.35%
Total Short-Term Liabilities $17.23M $7.281M $10.01M
YoY Change 72.12% 10.64% 118.01%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $9.399M $7.964M
YoY Change -100.0% 4.96% -19.4%
Other Long-Term Liabilities $48.00K $70.00 $0.00
YoY Change -100.0%
Total Long-Term Liabilities $48.00K $9.445M $7.977M
YoY Change -99.4% 5.17% -19.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.23M $7.281M $10.01M
Total Long-Term Liabilities $48.00K $9.445M $7.977M
Total Liabilities $17.28M $16.73M $17.99M
YoY Change -3.94% 7.48% 24.29%
SHAREHOLDERS EQUITY
Retained Earnings -$148.8M -$140.0M -$111.4M
YoY Change 33.56% 38.2% 45.38%
Common Stock $161.9M $160.2M $146.5M
YoY Change 10.49% 10.62% 3.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.11M $20.15M $35.11M
YoY Change
Total Liabilities & Shareholders Equity $30.39M $36.88M $53.10M
YoY Change -42.78% -37.58% -32.59%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q4
OPERATING ACTIVITIES
Net Income -$8.756M -$6.745M -$10.12M
YoY Change -13.48% -26.44% 35.02%
Depreciation, Depletion And Amortization -$1.849M $800.0K $120.0K
YoY Change -1641.18% 899.98% 300.0%
Cash From Operating Activities -$7.090M -$4.581M -$8.860M
YoY Change -19.98% -18.79% 150.28%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $10.00K -$30.00K
YoY Change -100.0% -110.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$4.380M
YoY Change -100.0% -147.1%
Cash From Investing Activities -$10.32M $2.970K -$4.410M
YoY Change 134.04% -102.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 22.49M 3.187M 0.000
YoY Change -82.27%
NET CHANGE
Cash From Operating Activities -7.090M -4.581M -8.860M
Cash From Investing Activities -10.32M 2.970K -4.410M
Cash From Financing Activities 22.49M 3.187M 0.000
Net Change In Cash 5.075M -1.390M -13.27M
YoY Change -138.24% -111.37% 274.86%
FREE CASH FLOW
Cash From Operating Activities -$7.090M -$4.581M -$8.860M
Capital Expenditures $0.00 $10.00K -$30.00K
Free Cash Flow -$7.090M -$4.591M -$8.830M
YoY Change -19.71% -17.14% 149.44%

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OperatingIncomeLoss
-9138000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-24469000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-6635000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-28305000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1705000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
126000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
501000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
487000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
474000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
117000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
699000 USD
CY2018Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
875000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1714000 USD
CY2018Q3 us-gaap Other Assets Current
OtherAssetsCurrent
909000 USD
CY2017Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
115000 USD
CY2018Q3 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
121000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
15000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3000 USD
CY2017Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1773000 USD
CY2018Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2328000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-11000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-66000 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-40000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-155000 USD
us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
0 USD
us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
30000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
904000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
867000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
80317000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
9103000 USD
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1514000 USD
CY2018Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
783000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9973000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
41500000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
24302000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
46000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
38000 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
210000 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
148000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2761000 USD
CY2018Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3398000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1346000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1572000 USD
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2798000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7958000 USD
CY2018Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2368000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8359000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-111374000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-139998000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-140000000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2800000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2787000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6200000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6222000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2987000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7065000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7100000 USD
us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
three to six months
CY2017Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
167000 USD
CY2018Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
133000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7813000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
19606000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5836000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23092000 USD
CY2017Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1023000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2102000 USD
CY2018Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1007000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3610000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
212000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
10.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
425942 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.10
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
413000 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
626942 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
9.98
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
5.99
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
0.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
957238 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1565864 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1194000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2979285 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3561908 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.49
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.88
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
845000 USD
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1662409 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
5.93
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1168000 USD
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
3327958 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
5.85
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.46
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.32
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
4.92
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y10M6D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y7M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y10M6D
CY2017Q4 us-gaap Short Term Investments
ShortTermInvestments
23292000 USD
CY2018Q3 us-gaap Short Term Investments
ShortTermInvestments
8116000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
26003 shares
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
35113000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
20153000 USD
CY2017Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16747791 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
16649447 shares
CY2018Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
19457971 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
17837297 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentrations of Credit Risk </font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash equivalents and trade accounts receivable, which are generally not collateralized. The Company limits its exposure to credit loss by placing its cash equivalents with high credit quality financial institutions and investing in high quality short-term debt instruments. The Company&#8217;s customers consist of physicians and institutions in the United States and one international distributor. The Company establishes customer credit policies related to its accounts receivable based on historical collection experiences within the various markets in which the Company operates, historical past-due amounts, and any specific information that the Company becomes aware of such as bankruptcy or liquidity issues of customers. </font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. </font></div><div style="line-height:120%;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reported amounts and note disclosures reflect the overall economic conditions that are most likely to occur and anticipated measures management intends to take. Actual results could differ materially from those estimates. All revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.</font></div></div>

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