2019 Q2 Form 10-Q Financial Statement

#000139770219000008 Filed on May 15, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q1
Revenue $14.93M $12.77M $5.706M
YoY Change 92.2% 123.73%
Cost Of Revenue $3.697M $3.339M $1.934M
YoY Change 54.62% 72.65%
Gross Profit $11.23M $9.427M $3.772M
YoY Change 108.91% 149.92%
Gross Profit Margin 75.23% 73.84% 66.11%
Selling, General & Admin $14.14M $13.87M $6.319M
YoY Change 80.85% 119.43%
% of Gross Profit 125.86% 147.09% 167.52%
Research & Development $3.113M $2.707M $2.100M
YoY Change 33.83% 28.9%
% of Gross Profit 27.72% 28.72% 55.67%
Depreciation & Amortization $180.0K $174.0K $57.00K
YoY Change 157.14% 205.26%
% of Gross Profit 1.6% 1.85% 1.51%
Operating Expenses $17.25M $16.57M $8.419M
YoY Change 70.07% 96.85%
Operating Profit -$6.017M -$7.146M -$4.647M
YoY Change 26.25% 53.78%
Interest Expense $1.207M $1.352M $989.0K
YoY Change 19.39% 36.7%
% of Operating Profit
Other Income/Expense, Net -$5.333M -$15.71M $215.0K
YoY Change 180.98% -7407.91%
Pretax Income -$11.96M -$24.16M -$5.410M
YoY Change 56.34% 346.58%
Income Tax
% Of Pretax Income
Net Earnings -$11.96M -$24.16M -$5.408M
YoY Change 56.31% 346.71%
Net Earnings / Revenue -80.11% -189.24% -94.78%
Basic Earnings Per Share
Diluted Earnings Per Share -$388.9K -$799.2K -$179.0K
COMMON SHARES
Basic Shares Outstanding 30.67M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $118.2M $15.50M
YoY Change
Cash & Equivalents $118.2M $15.51M $29.02M
Short-Term Investments
Other Short-Term Assets $3.200M $1.400M
YoY Change
Inventory $8.963M $8.056M
Prepaid Expenses
Receivables $5.417M $4.096M
Other Receivables $0.00 $0.00
Total Short-Term Assets $135.9M $29.05M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $2.743M $2.846M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.723M $3.982M
YoY Change
Total Long-Term Assets $6.776M $9.616M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $135.9M $29.05M
Total Long-Term Assets $6.776M $9.616M
Total Assets $142.7M $38.67M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.189M $3.134M
YoY Change
Accrued Expenses $8.299M $721.0K
YoY Change
Deferred Revenue $257.0K
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.488M $10.79M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $44.69M $44.60M
YoY Change
Other Long-Term Liabilities $4.097M $4.469M
YoY Change
Total Long-Term Liabilities $48.79M $49.07M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $9.488M $10.79M
Total Long-Term Liabilities $48.79M $49.07M
Total Liabilities $58.28M $91.48M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$175.2M -$163.3M
YoY Change
Common Stock $31.00K $1.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $84.38M -$158.1M -$103.5M
YoY Change
Total Liabilities & Shareholders Equity $142.7M $38.67M
YoY Change

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$11.96M -$24.16M -$5.408M
YoY Change 56.31% 346.71%
Depreciation, Depletion And Amortization $180.0K $174.0K $57.00K
YoY Change 157.14% 205.26%
Cash From Operating Activities -$9.380M -$8.620M -$4.650M
YoY Change 77.32% 85.38%
INVESTING ACTIVITIES
Capital Expenditures -$90.00K $117.0K $455.0K
YoY Change -83.33% -74.29%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$90.00K -$117.0K -$455.0K
YoY Change -83.33% -74.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $375.0K $284.0K
YoY Change 32.04%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 112.2M -$744.0K $284.0K
YoY Change 74706.67% -361.97%
NET CHANGE
Cash From Operating Activities -9.380M -$8.620M -$4.650M
Cash From Investing Activities -90.00K -$117.0K -$455.0K
Cash From Financing Activities 112.2M -$744.0K $284.0K
Net Change In Cash 102.7M -$9.481M -$4.821M
YoY Change -1908.8% 96.66%
FREE CASH FLOW
Cash From Operating Activities -$9.380M -$8.620M -$4.650M
Capital Expenditures -$90.00K $117.0K $455.0K
Free Cash Flow -$9.290M -$8.737M -$5.105M
YoY Change 95.58% 71.15%

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<div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;color:#000000;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;color:#000000;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts and disclosures reported in the financial statements. Management uses significant judgment when making estimates related to the common stock valuation and related stock-based compensation, the valuation of the redeemable convertible preferred stock warrants, the valuation of deferred tax assets, provisions for doubtful accounts receivable and excess and obsolete inventories, clinical trial accruals, and the reserves for sales returns. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Although these estimates are based on the Company’s knowledge of current events and actions it may undertake in the future, actual results may ultimately materially differ from these estimates and assumptions.</span></div>
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<div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;color:#000000;font-weight:bold;">Concentration of Credit Risk, and Other Risks and Uncertainties</span></div><div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;color:#000000;">Financial instruments that potentially subject the Company to credit risk consist of cash and cash equivalents and accounts receivable to the extent of the amounts recorded on the condensed consolidated balance sheet.</span></div><div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;color:#000000;">The Company’s policy is to invest in money market funds, which are classified as cash equivalents on the condensed consolidated balance sheet. The Company's cash are held in Company accounts at two financial institutions and such amounts may exceed federally insured limits. The Company's money market funds are invested in highly rated money market funds. </span></div><div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;color:#000000;">The Company provides for uncollectible amounts when specific credit problems are identified. In doing so, the Company analyzes historical bad debt trends, customer credit worthiness, current economic trends and changes in customer payment patterns when evaluating the adequacy of the allowance for doubtful accounts.</span></div><div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;color:#000000;">The Company’s accounts receivable are due from a variety of health care organizations in the United States. At </span><span style="font-family:Arial;font-size:10pt;color:#000000;">March 31, 2019</span><span style="font-family:Arial;font-size:10pt;color:#000000;"> and </span><span style="font-family:Arial;font-size:10pt;color:#000000;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;color:#000000;">, </span><span style="font-family:Arial;font-size:10pt;color:#000000;">no</span><span style="font-family:Arial;font-size:10pt;color:#000000;"> customer represented 10% or more of the Company’s accounts receivable. For the three months ended </span><span style="font-family:Arial;font-size:10pt;color:#000000;">March 31, 2019</span><span style="font-family:Arial;font-size:10pt;color:#000000;"> and </span><span style="font-family:Arial;font-size:10pt;color:#000000;">March 31, 2018</span><span style="font-family:Arial;font-size:10pt;color:#000000;">, there were </span><span style="font-family:Arial;font-size:10pt;color:#000000;">no</span><span style="font-family:Arial;font-size:10pt;color:#000000;"> customers that represented 10% or more of revenue. </span></div><div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;color:#000000;">The Company manufactures certain of its commercial products in-house. Certain of the Company’s product components and sub-assemblies continue to be manufactured by sole suppliers, the most significant of which is the ENROUTE stent. Disruption in component or sub-assembly supply from these manufacturers or from in-house production would have a negative impact on the Company’s financial position and results of operations.</span></div><div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;color:#000000;">The Company is subject to certain risks, including that its devices may not be approved or cleared for marketing by governmental authorities or be successfully marketed. There can be no assurance that the Company’s products will achieve widespread adoption in the marketplace, nor can there be any assurance that existing devices or any future devices can be developed or manufactured at an acceptable cost and with appropriate performance characteristics. The Company is also subject to risks common to companies in the medical device industry, including, but not limited to, new technological innovations, dependence upon third-party payers to provide adequate coverage and reimbursement, dependence on key personnel and suppliers, protection of proprietary technology, product liability claims, and compliance with government regulations.</span></div><div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;color:#000000;">Existing or future devices developed by the Company may require approvals or clearances from the FDA or international regulatory agencies. In addition, in order to continue the Company’s operations, compliance with various federal and state laws is required. If the Company were denied or delayed in </span></div><div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:left;padding-left:0px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;color:#000000;">receiving such approvals or clearances, it may be necessary to adjust operations to align with the Company’s currently approved portfolio. If clearance for the products in the current portfolio were withdrawn by the FDA, this would have a material adverse impact on the Company.</span></div>
CY2019Q1 us-gaap Deferred Offering Costs
DeferredOfferingCosts
2585000 USD
CY2018Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
950000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3982000 USD
CY2019Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
721000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4469000 USD
CY2019Q1 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
131000 USD
CY2018Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
128000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-24158000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-5408000 USD
CY2017 silk Debt Instrument Covenant Minimum Net Revenue Amount
DebtInstrumentCovenantMinimumNetRevenueAmount
5000000 USD
CY2018 silk Debt Instrument Covenant Minimum Net Revenue Amount
DebtInstrumentCovenantMinimumNetRevenueAmount
15000000 USD
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
739308 shares
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-20.12
CY2018Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-7.31
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
28051854 shares
CY2018Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
28337489 shares
CY2019Q1 silk Debt Instrument Liquidity Covenant Term
DebtInstrumentLiquidityCovenantTerm
P90D
CY2019Q1 us-gaap Long Term Debt
LongTermDebt
44597000 USD
CY2019Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
16091000 USD
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-15712000 USD
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
31803000 USD
CY2019Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2147000 USD
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1054000 USD
CY2019Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
5909000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
4690000 USD
CY2019Q1 us-gaap Inventory Net
InventoryNet
8056000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
5744000 USD
CY2019Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
0 USD
CY2018Q3 silk Debt Maximum Borrowing Capacity
DebtMaximumBorrowingCapacity
15000000 USD
CY2019Q1 silk Debt Instrument Covenant Maximum Liquidity Amount
DebtInstrumentCovenantMaximumLiquidityAmount
3000000 USD
CY2016 silk Debt Instrument Covenant Minimum Net Revenue Amount
DebtInstrumentCovenantMinimumNetRevenueAmount
1000000 USD
CY2019Q1 silk Long Term Debt Unpaid Interest
LongTermDebtUnpaidInterest
18841000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3820000 USD
CY2019Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
712000 USD
CY2019Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
174000 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4285000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4997000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1066000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
3771000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
52510000 USD
CY2019Q1 silk Long Term Debt Gross Before Accretion Of Closing Fees
LongTermDebtGrossBeforeAccretionOfClosingFees
62654000 USD
CY2019Q1 silk Long Term Debt Accretion Of Closing Fees
LongTermDebtAccretionOfClosingFees
958000 USD
CY2019Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
63612000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
760000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1037000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2696000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
3677000 USD
CY2019Q1 us-gaap Long Term Debt
LongTermDebt
44597000 USD
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
217000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
193000 USD
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0650
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y7M6D
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1096000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1127000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
904000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5990000 USD
CY2019Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
28248103 shares
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
993000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4997000 USD
CY2019Q1 us-gaap Purchase Obligation
PurchaseObligation
2855100 USD
CY2019Q1 us-gaap Dividends Common Stock
DividendsCommonStock
0 USD
CY2019Q1 silk Common Stock Vote Per Share
CommonStockVotePerShare
1 vote
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1920000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
5999000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1002000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1002000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1031000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1044000 USD
CY2019Q1 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
24069615 shares
CY2019Q1 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
21238105 shares
CY2019Q1 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
121174000 USD
CY2019Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
105265000 USD
CY2018Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
24069615 shares
CY2018Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
21233190 shares
CY2018Q4 us-gaap Temporary Equity Liquidation Preference
TemporaryEquityLiquidationPreference
121144000 USD
CY2018Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
105235000 USD
CY2019Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
0 USD
CY2019Q1 silk Convertible Preferred Stock Termsof Conversion Share Price
ConvertiblePreferredStockTermsofConversionSharePrice
18.31
CY2019Q1 silk Convertible Preferred Stock Termsof Conversion Offering Proceeds
ConvertiblePreferredStockTermsofConversionOfferingProceeds
50000000 USD
CY2019Q1 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
1 shares
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
29879220 shares
CY2019Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2019Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1386615 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
11.29
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
251305 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.50
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
7387 shares
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y3M3D
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
7387 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
1.56
CY2018Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
28499408 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
30602000 USD
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2461000 USD
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
4.00
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
57889 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4364377 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.79
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y4M9D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
33132000 USD
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
0 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
32950 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
32950 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
32326 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4138635 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.00
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y3M3D
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
30602000 USD
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2451044 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.70
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y4M9D
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
21195000 USD
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
4138635 shares
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
262000 USD
CY2018Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
162000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2433000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y14D

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