• Filing Date: 2020-05-13
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.1
Condensed Consolidated Statements of Changes in Stockholders' (Deficit) Equity - USD ($)
$ in Thousands
Common Stock
Series B
Additional Paid-In Capital
Accumulated Deficit
Total
Beginning balance, shares at Dec. 31, 2018 18,767,619 240,861      
Beginning balance, amount at Dec. 31, 2018 $ 2 $ 0 $ 15,518 $ (12,064) $ 3,456
Stock-based compensation     63   63
Issuance of warrants in conjunction with notes payable     706   706
Common stock issued in OpenALPR Technology acquisition, shares 600,000        
Common stock issued in OpenALPR Technology acquisition, amount $ 0   397   397
Preferred stock dividends       (115) (115)
Accretion of Series A preferred stock     (179)   (179)
Net loss       (2,875) (2,875)
Ending balance, shares at Mar. 31, 2019 19,367,619 240,861      
Ending balance, amount at Mar. 31, 2019 $ 2 $ 0 16,505 (15,054) 1,453
Beginning balance, shares at Dec. 31, 2019 21,595,653 240,861      
Beginning balance, amount at Dec. 31, 2019 $ 2 $ 0 19,371 (28,408) (9,035)
Stock-based compensation     171   171
Issuance of warrants in conjunction with notes payable         0
Exercise of cashless warrants in exchange for common stock 43,218        
Exercise of warrants in exchange for common stock 555,000        
Exercise of warrants in exchange for common stock, amount     411   411
Issuance of common stock pursuant to at the market offering net, shares 536,730        
Issuance of common stock pursuant to at the market offering net, amount $ 0   2,169   2,169
Exercise of warrants related to series A preferred stock, shares 36,862        
Exercise of warrants related to series A preferred stock, amount $ 0   38   38
Issuance upon exercise of stock options, shares 1,294        
Issuance upon exercise of stock options, amount $ 0   5   5
Preferred stock dividends       (115) (115)
Accretion of Series A preferred stock     (206)   (206)
Net loss       (3,788) (3,788)
Ending balance, shares at Mar. 31, 2020 22,768,757 240,861      
Ending balance, amount at Mar. 31, 2020 $ 2 $ 0 $ 21,959 $ (32,311) $ (10,350)