v3.22.2.2
Condensed Consolidated Statements of Changes in Redeemable Convertible Preferred Stock and Stockholders' Equity (Deficit) (Unaudited) - USD ($)
$ in Thousands
Redeemable Convertible Preferred Stock [Member]
Preferred Stock [Member]
Redeemable Convertible Preferred Stock [Member]
Common Stock [Member]
Redeemable Convertible Preferred Stock [Member]
Additional Paid-in Capital [Member]
Redeemable Convertible Preferred Stock [Member]
Retained Earnings [Member]
Redeemable Convertible Preferred Stock [Member]
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance (in shares) at Dec. 31, 2020             4,940,590      
Balance at Dec. 31, 2020             $ 5 $ 382,730 $ (438,485) $ (55,750)
Stock-based compensation             $ 0 1,089 0 1,089
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for employee taxes (in shares)             20,208      
Issuance of common stock upon vesting of restricted stock units             $ 0 (249) 0 (249)
Issuance of common stock upon ESPP purchase (in shares)             9,156      
Issuance of common stock upon ESPP purchase             $ 0 192 0 192
Net income (loss)             $ 0 0 (8,956) (8,956)
Issuance of Series A Redeemable Convertible Preferred Stock and Warrants (in shares)             985,078      
Issuance of Series A Redeemable Convertible Preferred Stock and Warrants             $ 1 36,359 0 36,360
Net proceeds from issuance of common stock in connection with equity financings             $ 1 36,359 0 36,360
Issuance of common stock upon exercise of stock options (in shares)             106      
Issuance of common stock upon exercise of stock options             $ 0 2 0 2
Balance (in shares) at Mar. 31, 2021             5,955,138      
Balance at Mar. 31, 2021             $ 6 420,123 (447,441) (27,312)
Balance (in shares) at Dec. 31, 2020             4,940,590      
Balance at Dec. 31, 2020             $ 5 382,730 (438,485) (55,750)
Net income (loss)                   (27,182)
Balance (in shares) at Sep. 30, 2021             5,965,852      
Balance at Sep. 30, 2021             $ 6 422,640 (465,667) (43,021)
Balance (in shares) at Mar. 31, 2021             5,955,138      
Balance at Mar. 31, 2021             $ 6 420,123 (447,441) (27,312)
Stock-based compensation             $ 0 1,172 0 1,172
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for employee taxes (in shares)             3,721      
Issuance of common stock upon vesting of restricted stock units             $ 0 0 0 0
Net income (loss)             $ 0 0 (9,851) (9,851)
Issuance of common stock upon exercise of stock options (in shares)             118      
Issuance of common stock upon exercise of stock options             $ 0 2 0 2
Balance (in shares) at Jun. 30, 2021             5,958,977      
Balance at Jun. 30, 2021             $ 6 421,297 (457,292) (35,989)
Stock-based compensation             $ 0 1,221 0 1,221
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for employee taxes (in shares)             389      
Issuance of common stock upon vesting of restricted stock units             $ 0 0 0 0
Issuance of common stock upon ESPP purchase (in shares)             5,741      
Issuance of common stock upon ESPP purchase             $ 0 109 0 109
Net income (loss)             $ 0 0 (8,375) (8,375)
Issuance of common stock upon exercise of stock options (in shares)             745      
Issuance of common stock upon exercise of stock options             $ 0 13 0 13
Balance (in shares) at Sep. 30, 2021             5,965,852      
Balance at Sep. 30, 2021             $ 6 422,640 (465,667) (43,021)
Balance (in shares) at Dec. 31, 2021           0 6,840,967      
Balance at Dec. 31, 2021           $ 0 $ 7 437,684 (473,584) (35,893) [1]
Stock-based compensation           $ 0 $ 0 783 0 783
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for employee taxes (in shares)           0 25,769,000      
Issuance of common stock upon vesting of restricted stock units           $ 0 $ 0 (58) 0 (58)
Issuance of common stock in connection with asset acquisition (in shares)           0 481,026,000      
Issuance of common stock in connection with asset acquisition           $ 0 $ 0 5,511 0 5,511
Issuance of common stock upon ESPP purchase (in shares)           0 7,671,000      
Issuance of common stock upon ESPP purchase           $ 0 $ 0 58 0 58
Net income (loss)           $ 0 $ 0 0 (8,674) (8,674)
Balance (in shares) at Mar. 31, 2022           0 7,355,433,000      
Balance at Mar. 31, 2022           $ 0 $ 7 443,978 (482,258) (38,273)
Balance (in shares) at Dec. 31, 2021           0 6,840,967      
Balance at Dec. 31, 2021           $ 0 $ 7 437,684 (473,584) (35,893) [1]
Net income (loss)                   $ 55,239
Issuance of common stock upon exercise of stock options (in shares)                   (0)
Balance (in shares) at Sep. 30, 2022           3,000 7,405,966      
Balance at Sep. 30, 2022           $ 315 $ 7 445,564 (418,345) $ 27,226
Balance (in shares) at Mar. 31, 2022           0 7,355,433,000      
Balance at Mar. 31, 2022           $ 0 $ 7 443,978 (482,258) (38,273)
Stock-based compensation           $ 0 $ 0 753 0 753
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for employee taxes (in shares)           0 11,147,000      
Issuance of common stock upon vesting of restricted stock units           $ 0 $ 0 0 0 0
Net income (loss)           $ 0 $ 0 0 70,663 70,663
Balance (in shares) at Jun. 30, 2022           0 7,366,580,000      
Balance at Jun. 30, 2022           $ 0 $ 7 444,731 (411,595) 33,143
Stock-based compensation           $ 0 $ 0 701 0 701
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for employee taxes (in shares)           0 216      
Issuance of common stock upon vesting of restricted stock units           $ 0 $ 0 0 0 0
Issuance of common stock upon ESPP purchase (in shares)           0 3,270      
Issuance of common stock upon ESPP purchase           $ 0 $ 0 16 0 16
Net income (loss)           $ 0 $ 0 0 (6,750) (6,750)
Issuance of Series A Redeemable Convertible Preferred Stock and Warrants (in shares) 3,000 0       0 35,900      
Issuance of Series A Redeemable Convertible Preferred Stock and Warrants $ 129 $ 0 $ 110 $ 0 $ 110 $ 0 $ 0 192 0 192
Deemed dividends related to Series A Redeemable Convertible Preferred Stock           186        
Deemed dividends related to Series A Redeemable Convertible Preferred Stock               (186)   (186)
Net proceeds from issuance of common stock in connection with equity financings $ 129 $ 0 $ 110 $ 0 $ 110 $ 0 $ 0 192 0 192
Balance (in shares) at Sep. 30, 2022           3,000 7,405,966      
Balance at Sep. 30, 2022           $ 315 $ 7 $ 445,564 $ (418,345) $ 27,226
[1] The condensed consolidated balance sheet as of December 31, 2021 has been derived from the audited financial statements as of that date included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.