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Note 12 - Common Stock, Treasury Stock and Warrants | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Stockholders' Equity Note Disclosure [Text Block] | 12. Common stock, treasury stock and warrants Common stock As of December 31, 2019, 2018 and 2017 , the number of issued shares of common stock was 78,642,078 , 76,525,581 and 61,631,573, respectively, which included shares of treasury stock of 2,768,399 , 1,233,198 and 352,523, respectively. For the year ended December 31, 2019 , the change in the number of issued shares of common stock comprised the following issuances:
• | An aggregate of 2,116,497 shares of common stock were issued as a result of the vesting of RSUs and included 567,447 shares of common stock withheld to cover withholding taxes upon such vesting, which are reflected as additions to treasury stock in the consolidated statements of changes in shareholders' equity.
For the year ended December 31, 2018 , the change in the number of issued shares of common stock comprised the following issuances:
• | An aggregate of 12,194,008 shares of common stock were issued as a result of the vesting of RSUs and included 875,675 shares of common stock withheld to cover withholding taxes upon such vesting, which are reflected as additions to treasury stock in the consolidated statements of changes in shareholders' equity.
• | An aggregate of 2,700,000 shares of common stock were issued in a registered direct offering ("Registered Direct Offering") to certain institutional investors with a purchase price of $5.00 per share, pursuant to a definitive securities purchase agreement entered into on January 10, 2018, for proceeds of $13,392, net of issuance costs of $108.
• | Concurrent with the Registered Direct Offering, the Company issued to these institutional buyers, for no additional consideration, warrants to purchase an aggregate of 1,350,000 shares of common stock. These warrants have an exercise price of $6.00 per share and are exercisable until July 11, 2020.
Treasury stock As of December 31, 2019, 2018 and 2017 , the Company held 2,768,399 , 1,233,198 and 352,523 shares in treasury, with a cost of $8,184 , $3,272 and $1,274, respectively. The Company's share-based incentive plans allow employees the option to either make cash payment or forfeit shares of common stock upon vesting to satisfy federal and state statutory tax withholding obligations associated with equity awards. The forfeited shares of common stock may be taken into treasury stock by the Company or sold on the open market. For the year ended December 31, 2019 , 567,447 shares were withheld to cover withholding taxes owed by certain employees, all of which were taken into treasury stock. During the fourth quarter of 2019, the Company repurchased 967,754 of its own shares as part of a stock repurchase program authorized by the Company's Board of Directors on November 19, 2019 . For the year ended December 31, 2018 , 875,675 shares were withheld to cover withholding taxes owed by certain employees, all of which were taken into treasury stock, 729,167 of which represented accelerated vesting from Red Violet employees who received shares on April 9, 2018 in connection with the Spin-off. On October 17, 2018, the Company repurchased 5,000 shares from an outside investor. Warrants As of December 31, 2019, 2018 and 2017 , warrants to purchase an aggregate of 2,398,776 , 2,498,776 and 1,273,776 shares of common stock were outstanding, respectively. The current exercise prices for outstanding issuances range from 3.75 to 6.00 per share. On July 9, 2018 the Company entered into First Amendments (the "First Amendments") to the Amendments to Warrants and Agreements to Exercise ("Amended Whitehorse Warrants") with (i) H.I.G. Whitehorse SMA ABF, L.P. regarding 46,667 warrants to purchase common stock of the Company, par value $0.0005 per share, at an exercise price of $3.00 per share; (ii) H.I.G. Whitehorse SMA Holdings I, LLC regarding 66,666 warrants to purchase common stock of the Company at an exercise price of $3.00 per share; and (iii) Whitehorse Finance, Inc. regarding 186,667 warrants to purchase common stock of the Company at an exercise price of $3.00 per share. In November 2017, the Amended Whitehorse Warrants were exercised and the Company issued an aggregate of 300,000 shares of common stock of the Company (the "Warrant Shares") to the warrant holders. Pursuant to the First Amendments, the warrant holders have the right, but not the obligation, to require the Company to purchase from these warrant holders the 300,000 Warrant Shares at $3.8334 per share (the "Put Right"), which could be exercised during the period commencing January 1, 2019 and ending December 15, 2019. On December 6, 2019, the Company entered into the Second Amendments to the Amended Whitehorse Warrants, pursuant to which the expiration of the Put Right was extended from December 15, 2019 to January 31, 2020. See Note 18, Subsequent events . In accordance with ASC 480, Distinguishing Liabilities from Equity , the Put Right should be classified within other current liabilities on the consolidated balance sheets when the market price of the Company's common stock is lower than the exercise price of $3.8334 per share. As of December 31, 2019 , the last reported sale price of the Company's common stock was lower than the exercise price, and as such the Put Right is classified in other current liabilities on the consolidated balance sheet. For the year ended December 31, 2018, the increase in warrants resulted from the issuance of warrants to purchase an aggregate of 1,350,000 shares of common stock, with an exercise price of $6.00 per share. These issuances occurred concurrent with the Registered Direct Offering. Pursuant to the First Amendments to the Amended Whitehorse Warrants, the parties agreed to reduce the price per share at which the warrant holders have the right, but not the obligation, to require the Company to purchase from the warrant holders the Warrant Shares to $3.8334 per share, to modify the period during which the Put Right could be exercised to the period commencing January 1, 2019 and ending December 15, 2019 and to modify the minimum price that the warrant holders can transfer any of the Warrant Shares to no less than $3.8334 per share. Preferred stock As of December 31, 2019 and 2018 , the Company had 10 million shares of blank-check preferred stock with par value of $ 0.0001 per share authorized. No shares of preferred stock have been issued or are outstanding.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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