Annual report pursuant to Section 13 and 15(d)

Organization and Summary of Significant Accounting Policies (Tables)

v3.20.1
Organization and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Antidilutive Securities Excluded from Computation of Net Loss Per Share

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,  
    2019     2018  
Convertible preferred stock     95,303       311,209  
Common stock warrants     390,883       48,489  
Common stock options     377       377  
      486,563       360,074  

Schedule of Basic and Diluted Loss Per Share

Below are basic and diluted loss per share data for the year ended December 31, 2019, 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   $ (4,797 )   $ (1,346 )   $ (6,143 )
Loss from discontinued operations     -       -       -  
Gain from disposal of discontinued operations     -       -       -  
Deemed dividend and accretion of a discount     (2,703 )     -       (2,703 )
Net loss attributable to common stockholders   $ (7,500 )   $ (1,346 )   $ (8,846 )
                         
Denominator:                        
Number of shares used in per common share calculations:     1,555,988       -       1,555,988  
                         
Net loss per common share:                        
Loss from continuing operations   $ (3.08 )   $ (0.87 )   $ (3.95 )
Loss from discontinued operations     -       -       -  
Gain from disposal of discontinued operations     -       -       -  
Deemed dividend and accretion of a discount     (1.74 )     -       (1.74 )
Net loss attributable to common stockholders   $ (4.82 )   $ (0.87 )   $ (5.69 )

 

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   $ (22,552 )   $ (6,899 )   $ (29,451 )
                         
Denominator:                        
Number of shares used in per common share calculations:     364,602       19,253       383,855  
                         
Net loss per common share:                        
Loss from continuing operations   $ (26.57 )   $ (16.64 )   $ (43.21 )
Loss from discontinued operations     (0.89 )     0.04       (0.85 )
Gain from disposal of discontinued operations     3.73       (0.19 )     3.54  
Deemed dividend and accretion of a discount     (38.12 )     1.91       (36.21 )
Net loss attributable to common stockholders   $ (61.85 )   $ (14.88 )   $ (76.73 )