Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

v3.20.2
CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning balance, shares at Dec. 31, 2018 4,610,109      
Beginning balance, amount at Dec. 31, 2018 $ 14,000 $ 48,325,000 $ (55,133,000) $ 20,909,000
Initial public offering of common stock, net of issuance costs (Note 6), shares 2,272,727      
Initial public offering of common stock, net of issuance costs (Note 6), amount $ 2,000 22,456,000   22,458,000
Automatic conversion of convertible debt to common stock, shares 1,475,164      
Automatic conversion of convertible debt to common stock, amount $ 2,000 13,791,000   13,794,000
Beneficial conversion feature (Note 5)   7,067,000   7,067,000
Common stock issued for Framerate Acquisition, shares 134,422      
Common stock issued for Framerate Acquisition, amount $ 0 1,000,000   1,000,000
Framerate Earn-Out   454,000   454,000
Stock-based compensation, shares 10,833      
Stock-based compensation, amount $ 4,485,000     4,485,000
Warrant exercises, shares 66,667      
Warrant exercises, amount $ 0 20,000   20,000
Net loss     (21,574,000) (21,574,000)
Ending balance, shares at Jun. 30, 2019 8,569,922      
Ending balance, amount at Jun. 30, 2019 $ 18,000 97,598,000 (76,707,000) 20,909,000
Beginning balance, shares at Mar. 31, 2019 8,368,833      
Beginning balance, amount at Mar. 31, 2019 $ 18,000 94,351,000 (71,202,000) 23,167,000
Common stock issued for Framerate Acquisition, shares 32,936      
Common stock issued for Framerate Acquisition, amount $ 0 1,000,000   1,000,000
Framerate Earn-Out   454,000   454,000
Stock-based compensation, shares 0      
Stock-based compensation, amount $ 0 1,773,000   1,773,000
Warrant exercises, shares 66,667      
Warrant exercises, amount $ 0 20,000   20,000
Net loss     (5,505,000) (5,505,000)
Ending balance, shares at Jun. 30, 2019 8,569,922      
Ending balance, amount at Jun. 30, 2019 $ 18,000 97,598,000 (76,707,000) 20,909,000
Beginning balance, shares at Dec. 31, 2019 8,573,922      
Beginning balance, amount at Dec. 31, 2019 $ 18,000 99,237,000 (85,812,000) 13,443,000
Issuance of common stock at $3.50 per share, net of issuance costs (Note 6), shares 1,825,000      
Issuance of common stock at $3.50 per share, net of issuance costs (Note 6), amount $ 2,000 5,951,000   5,955,000
Common stock issued for Framerate Acquisition, shares 32,936      
Common stock issued for Framerate Acquisition, amount $ 0     245,000
Stock-based compensation, shares 28,838      
Stock-based compensation, amount $ 0 1,049,000   1,773,000
Net loss     (9,694,000) (9,694,000)
Ending balance, shares at Jun. 30, 2020 10,460,696      
Ending balance, amount at Jun. 30, 2020 $ 20,000 106,237,000 (95,506,000) 10,751,000
Beginning balance, shares at Mar. 31, 2020 8,595,742      
Beginning balance, amount at Mar. 31, 2020 $ 18,000 99,914,000 (90,946,000) 8,986,000
Issuance of common stock at $3.50 per share, net of issuance costs (Note 6), shares 1,825,000      
Issuance of common stock at $3.50 per share, net of issuance costs (Note 6), amount $ 2,000 5,951,000   5,955,000
Common stock issued for Framerate Acquisition, shares 32,936      
Common stock issued for Framerate Acquisition, amount $ 0     0
Stock-based compensation, shares 7,018      
Stock-based compensation, amount $ 0 372,000   372,000
Net loss     (4,560,000) (4,560,000)
Ending balance, shares at Jun. 30, 2020 10,460,696      
Ending balance, amount at Jun. 30, 2020 $ 20,000 $ 106,237,000 $ (95,506,000) $ 10,751,000