XML 102 R73.htm IDEA: XBRL DOCUMENT v3.20.4
Temporary Equity (Tables)
 9 Months Ended
Sep. 30, 2020
Temporary Equity [Abstract]  
Schedule of Temporary Equity

The following table summarizes the Company’s Series D Preferred Stock activities for the three and nine months ended September 30, 2020 (dollars in thousands):

 

    Series D Preferred Stock  
    Shares     Amount  
Total temporary equity as of December 31, 2019     461,839     $ 462  
Issuance of Series D convertible preferred stock for cash     203,000       203  
Offering cost related to issuance of Series D convertible preferred stock     -       (3 )
Deemed dividends related to immediate accretion of offering cost     -       3  
Accrued Series D preferred stock dividends     17,198       17  
Bifurcated redemption feature of Series D convertible preferred stock     -       (171 )
Deemed dividends related to immediate accretion of bifurcated redemption feature of Series D convertible preferred stock     -       171  
Redemption of Series D preferred stock (including accrued dividends)     (682,037 )     (682 )
Total temporary equity as of September 30, 2020     -     $ -  
Schedule of Redemption of Preferred Stock Issued

The redemption of the 659,000 shares of Series D Preferred Stock (amounts in thousands except share and per share values):

 

Series D preferred stock issued     659,000  
Per share value   $ 1.00  
Series D preferred stock value   $ 659  
Accrued dividends   $ 23  
Total Series D preferred stock   $ 682  
Redemption percentage   $ 1.29  
Total redemption   $ 880