Preferred Stock and Common Stock Warrants (Tables)

12 Months Ended

Dec. 31, 2018

Preferred Stock and Common Stock Warrants

Summary of assumptions used to estimate fair value

Stock price	$	5.40
Exercise price	$	0.01
Risk-free rate		2.5	%
Volatility		33.1	%
Term (years)		2.7

Schedule of allocation of net cash proceeds

The allocation of net cash proceeds is as follows (in thousands):

			Allocation of Proceeds
											Additional Paid-in Capital
							Series A		Series B				Beneficial
			Series A		Series B		Convertible		Convertible		Common		Conversion
			Warrants		Warrants		Preferred		Preferred		Stock		Feature
Gross proceeds	$	79,055
Equity issuance costs		(2,104)
Net proceeds - Initial Fair Value Allocation	$	76,951	$	4,859	$	2,746	$	41,079	$	26,159	$	2,108	$	—
Allocation to BCF				—		—		(2,530)		—		—		2,530
Per balance sheet upon issuance			$	4,859	$	2,746	$	38,549	$	26,159	$	2,108	$	2,530