Annual report pursuant to Section 13 and 15(d) 12-31-2014

Equity (Tables)

v2.4.1.9
Equity (Tables)
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Schedule of Shares of Common Stock for Future Issuance

The Company had reserved shares of common stock for future issuance as follows:

 

 

 

December 31,

 

 

 

2014

 

 

2013

 

Convertible preferred stock:

 

 

 

 

 

 

 

 

Shares outstanding

 

 

-

 

 

 

3,884,788

 

Warrants

 

 

 

 

 

 

 

 

Series C convertible preferred stock

 

 

-

 

 

 

52,325

 

Series D convertible preferred stock

 

 

-

 

 

 

12,786

 

Series E convertible preferred stock

 

 

-

 

 

 

27,224

 

Series F convertible preferred stock

 

 

-

 

 

 

10,475

 

Common stock warrants

 

 

16,657,021

 

 

 

473,835

 

Convertible notes

 

 

8,772,111

 

 

 

-

 

Common stock options

 

 

1,383,479

 

 

 

106,544

 

Restricted stock units

 

 

1,059,745

 

 

 

168,832

 

Shares available for grant under equity plans

 

 

-

 

 

 

91,659

 

 

 

 

27,872,356

 

 

 

4,828,468

 

 

Schedule of Convertible Preferred Stock

At December 31, 2013, convertible preferred stock consisted of the following:

Series

 

Designated Shares

 

 

Shares Issued and Outstanding

 

 

Aggregate Liquidation Preference

(in thousands)

 

Series A

 

 

5,800,000

 

 

 

5,365,398

 

 

$

3,219

 

Series A-1

 

 

10,400,000

 

 

 

10,390,463

 

 

 

6,234

 

Series B

 

 

2,300,000

 

 

 

1,944,147

 

 

 

2,333

 

Series B-1

 

 

3,300,000

 

 

 

3,299,141

 

 

 

3,959

 

Series C

 

 

7,900,000

 

 

 

6,682,562

 

 

 

13,365

 

Series C-1

 

 

4,325,000

 

 

 

4,275,000

 

 

 

8,550

 

Series D

 

 

8,300,000

 

 

 

7,978,800

 

 

 

23,936

 

Series D-1

 

 

6,300,000

 

 

 

6,145,667

 

 

 

18,437

 

Series E

 

 

16,200,000

 

 

 

15,201,716

 

 

 

30,404

 

Series F

 

 

20,710,000

 

 

 

19,627,500

 

 

 

39,255

 

Undesignated

 

 

14,465,000

 

 

 

-

 

 

 

-

 

Total

 

 

100,000,000

 

 

 

80,910,394

 

 

$

149,692

 

 

Summary of Conversion Ratio of Each Series of Convertible Preferred Stock at Time of Conversion

The conversion ratio of each series of convertible preferred stock at December 31, 2013, was as follows:

 

Series

 

Conversion Ratio

 

Series A

 

 

0.0388

 

Series A-1

 

 

0.0582

 

Series B

 

 

0.0414

 

Series B-1

 

 

0.0591

 

Series C

 

 

0.0435

 

Series C-1

 

 

0.0631

 

Series D

 

 

0.0505

 

Series D-1

 

 

0.0653

 

Series E

 

 

0.0441

 

Series F

 

 

0.0388

 

 

The conversion ratio of each series of convertible preferred stock at time of conversion was as follows:

 

Series

 

Conversion Ratio

 

Series A

 

 

0.0388

 

Series A-1

 

 

0.0582

 

Series B

 

 

0.0414

 

Series B-1

 

 

0.0591

 

Series C

 

 

0.0435

 

Series C-1

 

 

0.0631

 

Series D

 

 

0.0505

 

Series D-1

 

 

0.0653

 

Series E

 

 

0.0441

 

Series F

 

 

0.2500