XML 36 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1

Warrants (Tables)

9 Months Ended

Sep. 30, 2018

Other Liabilities Disclosure [Abstract]

Schedule of Warrants Issued and Outstanding

Warrants issued and outstanding at both September 30, 2018 and December 31, 2017 are as follows (in thousands, except share and per share data):

		Series		Date				Number of Shares Underlying Warrants		Price per Share				Fair Value at the Date of Issuance
Warrants to purchase				Issuance		Expiration
Common stock				7/19/2013		7/22/2023	[a]	101,010		$	3.96			$	244
Common stock				11/26/2014		11/26/2024	[a]	21,928		$	3.42			$	47
Common stock				3/1/2017		3/1/2027	[a]	1,388		$	5.94			$	5
Total common stock warrants								124,326
Redeemable convertible preferred stock		Series 5		7/1/2012		7/25/2019	[b]	54,917		$	9.10			$	255
Redeemable convertible preferred stock		Series 5		7/19/2013		7/22/2023	[c]	21,989		$	9.10			$	122
Redeemable convertible preferred stock		Series 6		11/26/2014		11/26/2024	[c]	6,310		$	16.47			$	49
Redeemable convertible preferred stock		Series 6		10/20/2015		10/20/2025	[c]	39,339		$	16.47			$	396
Redeemable convertible preferred stock		Series 6		11/9/2015		11/9/2025	[c]	24,283		$	16.47			$	244
Redeemable convertible preferred stock		Series 7		12/22/2016		12/22/2026	[c]	9,712		$	10.03			$	45
Total redeemable convertible preferred stock warrants								156,550
Total outstanding common and redeemable convertible preferred stock warrants								280,876

[a] Common stock warrants will remain outstanding until exercised by the holder.

[b] These warrants will be net exercised immediately upon the closing of the Company’s IPO, or upon a corporate transaction as defined in the Note and Warrant Purchase Agreement dated July 25, 2012.

[c] Convertible preferred stock warrants will remain outstanding until exercised by the holder and will convert to common stock warrants upon an IPO. The warrants will be exercisable for 10 years from the date of issuance.

Schedule of Weighted-Average Assumptions Used In Computation of Fair Value of Warrants

Weighted-average assumptions used in computation of the fair value of the redeemable convertible preferred stock warrants are summarized in the table below:

		September 30,			December 31,
		2018			2017
Remaining contractual term (in years)		4.7			5.3
Expected volatility		52.66	%		59.06	%
Risk-free interest rate		2.67	%		2.16	%
Dividend yield		—	%		—	%

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_OtherLiabilitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666

+ Details

Name:	us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration