Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2019

Stockholders' Equity Note [Abstract]

Summary of preferred stock warrants issued under the company's original credit facility and subsequent amendments

As of May 7, 2018, the date of the closing of our IPO, the following preferred stock warrants issued under the original credit facility and subsequent amendments were outstanding and exercisable:


Issuance	Expiration	Series	Exercise Price				Warrants Outstanding at May 7, 2018			Initial Value			Fair Value at May 7, 2018
February 8, 2018	February 8, 2028	F		$	1.37	233,577		$	103		$	320
February 24, 2017	February 24, 2027	F		1.37		29,197		4			40
August 7, 2015	August 7, 2025	E		2.62		29,580		33			41
June 27, 2014	June 27, 2024	E		2.62		76,334		85			174
August 5, 2013	August 5, 2023	C		1.07		74,768		39			80
November 16, 2012	November 16, 2022	C		1.07		186,916		96			200
Total						630,372					$	855

Schedule of stock warrants outstanding

Warrants to purchase shares of our common stock are summarized below:


	Common Stock Warrants	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (years)
Outstanding at December 31, 2018	6,595	$	15.16	5.5
Exercised	(6,595)	$	15.16
Outstanding at September 30, 2019	—	$	—

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details