Annual report pursuant to Section 13 and 15(d)

Organization and Summary of Significant Accounting Policies (Tables)

v3.19.1
Organization and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Antidilutive Securities Excluded from Computation of Net Loss Per Share Basic and Diluted

Potentially dilutive securities not included in the calculation of diluted net loss per share because to do so would be anti-dilutive are as follows (in common stock equivalent shares):

 

    As of December 31,  
    2018     2017  
Convertible preferred stock     9,336,264       -  
Common stock warrants     1,454,657       1,503,711  
Common stock options     11,301       11,302  
      10,802,222       1,515,013  

Schedule of Basic and Diluted Net Loss

Below are basic and diluted loss per share data for the year ended December 31, 2018, which are in thousands except for share and per share data: 

 

    Basic Calculation     Effect of Dilutive Warrant Securities     Diluted Calculation  
Numerator:                  
Loss from continuing operations   $ (9,689 )   $ (6,899 )   $ (16,588 )
Loss from discontinued operations     (324 )     -       (324 )
Gain from disposal of discontinued operations     1,361       -       1,361  
Deemed dividend and accretion of a discount     (13,900 )     -       (13,900 )
Net loss attributable to common stockholders   $ (22,522 )   $ (6,899 )   $ (29,451 )
                         
Denominator:                        
Number of shares used in per common share calculations:     10,938,047       577,591       11,515,638  
                         
Net loss per common share:                        
Loss from continuing operations   $ (0.88 )   $ -     $ (1.44 )
Loss from discontinued operations     (0.03 )     -       (0.03 )
Gain from disposal of discontinued operations     0.12       -       0.12  
Deemed dividend and accretion of a discount     (1.27 )     -       (1.21 )
Net loss attributable to common stockholders   $ (2.06 )   $ -     $ (2.56 )

 

Below are basic and diluted loss per share data for the year ended December 31, 2017, which are in thousands except for share and per share data: 

 

    Basic Calculation     Effect of Dilutive Warrant Securities     Diluted Calculation  
Numerator:                  
Loss from continuing operations   $ (5,761 )   $ -     $ -  
Loss from discontinued operations     (3,568 )     -       -  
Gain from disposal of discontinued operations     -       -       -  
Deemed dividend and accretion of a discount     -       -       -  
Net loss attributable to common stockholders   $ (9,329 )   $ -     $ -  
                         
Denominator:                        
Number of shares used in per common share calculations:     2,978,904       -       -  
                         
Net loss per common share:                        
Loss from continuing operations   $ (1.93 )   $ -     $ -  
Loss from discontinued operations     (1.20 )     -       -  
Gain from disposal of discontinued operations     -       -       -  
Deemed dividend and accretion of a discount     -       -       -  
Net loss attributable to common stockholders   $ (3.13 )   $ -     $ -