Commitments and Contingencies (Details Narrative) $ in Thousands |
3 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|
|
Mar. 26, 2018
USD ($)
|
Jan. 30, 2018 |
Mar. 31, 2019
USD ($)
|
Mar. 31, 2018
USD ($)
Number
|
Dec. 31, 2018
USD ($)
|
|
| Other current liabilities | $ 80 | $ 253 | |||
| Contingent obligation | 1,926 | 1,953 | |||
| Severance costs | 1,319 | ||||
| General and administrative expense | 2,797 | $ 2,133 | |||
| Other long-term liabilities | 38 | 91 | |||
| Gain (loss) on change in fair value of Contingent Royalty Obligation | 27 | $ (78) | |||
| Number of outsourcing partners | Number | 2 | ||||
| Noncancelable payment | 156 | ||||
| License and Supply Agreement (Coated Products) [Member] | |||||
| Description of royalty payment | a. 2% of the first $25 million in annual net sales of Coated Products; and b. 1.5% once annual net sales exceed $25 million of Coated Products. | ||||
| Description of minimum royalty payment | a. January 1, 2020 to December 31, 2020 - $5 per calendar quarter; b. January 1, 2021 to December 31, 2021 - $10 per calendar quarter; c. January 1, 2022 and beyond - $15 per calendar quarter. | ||||
| Description of royalty payment for one-time milestone | a. $12.5 due 6 months after the first commercial sale of a Coated Product. b. $12.5 due 12 months after the first commercial sale of a Coated Product. c. $25 due 18 months after the first commercial sale of a Coated Product. | ||||
| Other current liabilities | 13 | 13 | |||
| General and administrative expense | 0 | 50 | |||
| Other long-term liabilities | $ 38 | 38 | |||
| Royalty Arrangements To Israeli National Authority For Technical Innovation [Member] | |||||
| Description of royalty payment | Royalties ranging from 3% to 3.5% (which may be increased under certain circumstances) of revenues generated (in any fashion) from know-how developed using IIA grants, up to an aggregate of 100% (which may be increased under certain circumstances) of the U.S. dollar-linked value of the grant, plus interest at the rate of 12-month LIBOR. | ||||
| Royalty received | $ 1,332 | ||||
| Contingent obligation | $ 1,388 | $ 1,383 | |||
| Royalty Payment Rights Certificates [Member] | Series A Convertible Preferred Stock [Member] | |||||
| Description of royalty payment | The Royalty Payment Rights initially entitled the holders in aggregate, to a royalty in an amount of: ● 3% of net sales subject to a maximum in any calendar year equal to the total dollar amount of Units closed on in the Company’s 2017 private placement (the “2017 Private Placement”); and ● 5% of licensing proceeds subject to a maximum in any calendar year equal to the total dollar amount of Units closed on in the 2017 Private Placement. | ||||
| Royalty Payment Rights Certificates [Member] | Series A Convertible Preferred Stock [Member] | Pure-Vu System [Member] | |||||
| Description of royalty payment | The Company will pay to the holders of the Royalty Payment Rights Certificates a royalty (the “Royalty Amount”) equal to, in the aggregate, in royalty payments in any calendar year for all products: ● 3% of Net Sales* for commercialized product directly; ● 5% of any Licensing Proceeds** for rights to commercialize the product if sublicensed by the Company to a third-party. * Notwithstanding the foregoing, with respect to Net Sales based Royalty Amounts, (a) no Net Sales based Royalty Amount shall begin to accrue or become payable until the Company has first generated, in the aggregate, since its inception, Net Sales equal to $20,000 (the “Initial Net Sales Milestone”), and royalties shall only be computed on, and due with respect to, Net Sales generated in excess of the Initial Net Sales Milestone, and (b) the total Net Sales based Royalty Amount due and payable in any calendar year shall be subject to a royalty cap amount per calendar year of $30,000. “Net Sales” is defined in the Royalty Payment Rights Certificates. The Company has not reached the Initial Net Sales Milestone as of March 31, 2019. ** Notwithstanding the foregoing, with respect to Licensing Proceeds based Royalty Amounts, (a) no Licensing Proceeds based Royalty Amount shall begin to accrue or become payable until the Company has first generated, in the aggregate, since its inception, Licensing Proceeds equal to $3,500 (the “Initial Licensing Proceeds Milestone”), and royalties shall only be computed on, and due with respect to, Licensing Proceeds in excess of the Initial Licensing Proceeds Milestone and (b) the total Licensing Proceeds based Royalty Amount due and payable in any calendar year shall be subject to a royalty cap amount per calendar year of $30,000. “Licensing” Proceeds is defined in the Royalty Payment Rights Certificate. The Company has not reached the Initial Licensing Proceeds Milestone as of March 31, 2019. | ||||
| Royalty Payment Rights Certificates [Member] | Series A Convertible Preferred Stock [Member] | Private Placement [Member] | |||||
| Percentage of dividend rate | 10.00% | ||||
| Amended and Restated Employment Agreement [Member] | Mr. Mark Taylor [Member] | |||||
| Base salary | $ 310 | ||||
| Annual bonus payment percentage | 35.00% | ||||