Annual report pursuant to Section 13 and 15(d)

CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)

v3.20.1
CONDENSED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning balance, shares at Dec. 31, 2017 4,603,443      
Beginning balance, amount at Dec. 31, 2017 $ 14,000 $ 38,191,000 $ (34,506,000) $ 3,698,000
Issuance of warrants with convertible notes (Note 5)   6,156,000   6,156,000
Framerate acquisition shares, amount       0
Stock-based compensation, shares 6,666      
Stock-based compensation, amount $ 0 3,978,000   3,978,000
Net loss     (20,627,000) (20,627,000)
Ending balance, shares at Dec. 31, 2018 4,610,109      
Ending balance, amount at Dec. 31, 2018 $ 14,000 48,325,000 (55,133,000) (6,794,000)
Initial public offering of common stock, net of issuance costs (Note 7), shares 2,272,727      
Initial public offering of common stock, net of issuance costs (Note 7), amount $ 2,000 22,456,000   22,458,000
Automatic conversion of convertible debt to common stock (Note 6), shares 1,475,164      
Automatic conversion of convertible debt to common stock (Note 6), amount $ 2,000 13,791,000   13,793,000
Beneficial conversion feature (Note 5)   7,067,000   7,067,000
Framerate acquisition shares, shares 134,422      
Framerate acquisition shares, amount $ 0 1,000,000   1,000,000
Framerate Earn-Out (Note 5)    454,000   454,000
Stock-based compensation, shares 14,833      
Stock-based compensation, amount $ 0 6,124,000   6,124,000
Warrant exercises, shares 66,667      
Warrant exercises, amount $ 0 20,000   20,000
Net loss     (30,679,000) (30,679,000)
Ending balance, shares at Dec. 31, 2019 8,573,922      
Ending balance, amount at Dec. 31, 2019 $ 18,000 $ 99,237,000 $ (85,812,000) $ 13,443,000