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Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2020
Accounting Policies [Abstract] |
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash | The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Company’s consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows:
(in thousands) | December 31, 2020 |  | December 31, 2019
Cash and cash equivalents | $ | 42,147 |  |  | $ | 8,344 |
Restricted cash | 113 |  |  | 113 |
Total cash, cash equivalents and restricted cash | $ | 42,260 |  |  | $ | 8,457 |
Schedule of Fair Value Assumptions Using Black-Scholes-Merton Option Pricing Model to Value Warrant Liabilities | The table below sets forth the assumptions used within the Black-Scholes-Merton option pricing model to value the Company’s warrant liabilities as of December 31, 2020:
Stock price |  |  | $ | 12.33
Exercise price |  |  | $ | 7.63
Time until expiration (years) |  |  | 3.3
Expected volatility |  |  | 75%
Risk-free interest rate |  |  | 0.2%
Expected dividend yield |  |  | —%
Schedule of Antidilutive Securities Excluded from Computations of Diluted Earnings (Loss) Per Common Share | The following table summarizes the securities that were antidilutive (including warrants, UPOs, RSUs and preferred stock, if any, after giving effect to their respective conversion to shares of common stock for those units in-the-money, or share equivalents for those units out-of-the-money) and therefore, were not included in the computations of diluted earnings (loss) per common share.
| For the Years Ended
| December 31, 2020 |  | December 31, 2019
In-the-money warrants | — |  |  | — |
Out-of-the-money warrants | 4,576,799 |  |  | 4,576,799 |
Preferred stock | — |  |  | — |
Service-based RSUs | 7,471 |  |  | 80,718 |
Performance and market-based RSUs (1) | 276 |  |  | 375 |
Employee stock purchase plan | 3,217 |  |  | — |
In-the-money UPOs | — |  |  | — |
Out-of-the-money UPOs | — |  |  | 15,067 |
Total | 4,587,763 |  |  | 4,672,959 |
(1) For the years ended December 31, 2020 and 2019, certain PRSUs (defined below) and MRSUs were not included in the computation of diluted loss per share because the performance and market conditions were not satisfied during 2020 and 2019 and would not be satisfied if the reporting date was at the end of the contingency period.
Schedule of Computations of Diluted Earnings (Loss) Per Common Share |
| For the Years Ended
(in thousands, except per share amounts) | December 31, 2020 |  | December 31, 2019
EPS numerator: |  |  |
Net income (loss) | $ | 5,807 |  |  | $ | (1,775) |
EPS denominator: |  |  |
Weighted average shares outstanding – basic | 7,865 |  |  | 7,662 |
Nonvested restricted stock units | 191 |  |  | — |
Employee stock purchase plan | 9 |  |  | — |
Weighted average shares outstanding – diluted | 8,065 |  |  | 7,662 |
Net income (loss): |  |  |
Basic | $ | 0.74 |  |  | $ | (0.23) |
Diluted | $ | 0.72 |  |  | $ | (0.23) |

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