Shareholders' Equity (Details Narrative)
$ / shares in Units, $ in Thousands |
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|
|
1 Months Ended |
3 Months Ended |
6 Months Ended |
12 Months Ended |
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|
Mar. 05, 2019
shares
|
Feb. 13, 2019
USD ($)
$ / shares
shares
|
Jul. 03, 2018
USD ($)
$ / shares
shares
|
Jul. 02, 2018
USD ($)
$ / shares
shares
|
Jun. 06, 2018
USD ($)
$ / shares
shares
|
Feb. 13, 2019
USD ($)
$ / shares
shares
|
Jan. 31, 2019
USD ($)
$ / shares
shares
|
Jun. 30, 2019
USD ($)
$ / shares
shares
|
Jun. 30, 2018
USD ($)
|
Jun. 30, 2019
USD ($)
$ / shares
shares
|
Jun. 30, 2018
USD ($)
|
Dec. 31, 2018
USD ($)
$ / shares
|
Feb. 06, 2019
$ / shares
shares
|
Jan. 02, 2019
$ / shares
shares
|
Oct. 06, 2018
$ / shares
shares
|
Oct. 02, 2018
$ / shares
shares
|
| Number of options exercised | shares |
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416
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| Exercise price (in dollars per share) | $ / shares |
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$ 3.78
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| Proceeds from exercise options |
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$ 2
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| Net proceeds |
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$ 16,100
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| Option expected life |
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5 years 9 months 18 days
|
5 years 8 months 12 days
|
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| Prepaid expense |
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|
$ 71
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|
$ 71
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|
$ 344
|
|
|
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|
| General and administrative expense |
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|
2,364
|
$ 1,741
|
5,161
|
$ 3,876
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|
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| Accounts payable and accrued expenses |
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|
|
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|
2,460
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|
2,460
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|
$ 2,140
|
[1] |
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| Unamortized stock compensation for stock options |
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|
$ 4,382
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|
$ 4,382
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| Unamortized stock compensation for stock options period |
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|
1 year 3 months
|
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| Number of outstanding options to purchase | shares |
|
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|
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1,623,186
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| Weighted-average exercise price (in dollars per share) | $ / shares |
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|
$ 4.37
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|
$ 4.37
|
|
|
|
|
|
|
|
| Share based compensation expense related to stock options |
|
|
|
|
|
|
|
$ 618
|
389
|
$ 1,233
|
740
|
|
|
|
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|
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| Restricted Stock Units (RSUs) [Member] |
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| Number of shares issued | shares |
165,000
|
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|
|
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|
241,112
|
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| Number of shares unissued | shares |
|
|
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15,070
|
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|
|
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|
|
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| Expected life |
|
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|
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|
4 years
|
|
|
|
|
|
|
|
|
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| Expensed using the straight-line method |
|
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|
$ 329
|
|
|
|
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|
|
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| Granted | shares |
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76,112
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76,112
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| Option expected life |
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|
4 years
|
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|
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| General and administrative expense |
|
|
|
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|
$ 72
|
|
$ 135
|
|
|
|
|
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|
| Unamortized stock compensation for stock options |
|
|
|
|
|
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|
$ 954
|
|
$ 954
|
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|
|
|
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| Unamortized stock compensation for stock options period |
|
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|
|
|
|
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|
1 year 9 months 22 days
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| Warrant [Member] |
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| Warrant exericse price (in dollars per share) | $ / shares |
|
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$ 5.28
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|
$ 5.28
|
|
$ 5.24
|
|
|
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|
| Value of shares issued upon services |
|
|
|
|
|
|
|
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|
$ 16
|
|
$ 22
|
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|
|
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|
| Consultant Agreement [Member] | Warrant [Member] |
|
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|
|
|
|
|
|
|
|
|
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| Number of warrants purchased | shares |
|
|
|
100,000
|
|
|
|
|
|
|
|
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|
25,000
|
|
25,000
|
| Warrant exericse price (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
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|
$ 10.00
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|
$ 8.75
|
| Expected life |
|
|
|
|
|
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|
|
|
|
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|
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|
24 months
|
|
18 months
|
| Expensed using the straight-line method |
|
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|
$ 146
|
|
|
|
|
|
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|
126
|
|
|
|
|
|
| General and administrative expense |
|
|
|
|
|
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|
$ 0
|
|
31
|
|
|
|
|
|
|
|
| Consultant Agreement [Member] | Warrant [Member] | Risk Free Interest Rate [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants, measurement input |
|
|
|
0.0266
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consultant Agreement [Member] | Warrant [Member] | Risk Free Interest Rate [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants, measurement input |
|
|
|
0.0234
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consultant Agreement [Member] | Warrant [Member] | Volatility [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants, measurement input |
|
|
|
0.6584
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consultant Agreement [Member] | Warrant [Member] | Volatility [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants, measurement input |
|
|
|
0.6204
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consultant Agreement [Member] | Warrant [Member] | Expected Term [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expected life |
|
|
|
2 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consultant Agreement [Member] | Warrant [Member] | Expected Term [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expected life |
|
|
|
1 year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consultant Agreement [Member] | Warrant [Member] | Dividend Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants, measurement input |
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consultant Agreement [Member] | Warrant Issued With 30 Days Of Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of warrants purchased | shares |
|
|
|
25,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant exericse price (in dollars per share) | $ / shares |
|
|
|
$ 7.39
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Expected life |
|
|
|
18 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consultant Agreement [Member] | Warrant Issued With 30 Days Of Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of warrants purchased | shares |
|
|
|
25,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant exericse price (in dollars per share) | $ / shares |
|
|
|
$ 7.39
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expected life |
|
|
|
12 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consultant Agreement [Member] | Warrant Issued With 10 Consecutive Trading Days [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant exericse price (in dollars per share) | $ / shares |
|
|
|
$ 0.01
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consultant Agreement [Member] | Warrant Issued With 10 Consecutive Trading Days [Member] | Maximum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant exericse price (in dollars per share) | $ / shares |
|
|
|
13.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consultant Agreement [Member] | Warrant Issued With 10 Consecutive Trading Days [Member] | Minimum [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant exericse price (in dollars per share) | $ / shares |
|
|
|
$ 9.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amendment Consulting Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts payable and accrued expenses |
|
|
|
|
|
|
|
87
|
|
87
|
|
93
|
|
|
|
|
|
| Amendment Consulting Agreement [Member] | Chief Executive Officer [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Annual base salary payable |
|
|
$ 475
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amendment Consulting Agreement [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of warrants purchased | shares |
|
|
90,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant exericse price (in dollars per share) | $ / shares |
|
|
$ 8.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares issued upon services | shares |
|
|
30,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expected life |
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expensed using the straight-line method |
|
|
$ 594
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Prepaid expense |
|
|
|
|
|
|
|
41
|
|
41
|
|
317
|
|
|
|
|
|
| General and administrative expense |
|
|
|
|
|
|
|
139
|
|
276
|
|
|
|
|
|
|
|
| Amendment Consulting Agreement [Member] | Warrant [Member] | Risk Free Interest Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants, measurement input |
|
|
0.0272
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amendment Consulting Agreement [Member] | Warrant [Member] | Volatility [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants, measurement input |
|
|
0.6831
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amendment Consulting Agreement [Member] | Warrant [Member] | Expected Term [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expected life |
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amendment Consulting Agreement [Member] | Warrant [Member] | Dividend Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants, measurement input |
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amended and Restated Employment Agreement [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of warrants purchased | shares |
|
50,000
|
|
|
|
50,000
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant exericse price (in dollars per share) | $ / shares |
|
$ 5.00
|
|
|
|
$ 5.00
|
|
|
|
|
|
|
|
|
|
|
|
| Expected life |
|
9 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expensed using the straight-line method |
|
$ 90
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Prepaid expense |
|
|
|
|
|
|
|
30
|
|
30
|
|
|
|
|
|
|
|
| General and administrative expense |
|
|
|
|
|
|
|
30
|
|
60
|
|
|
|
|
|
|
|
| Amended and Restated Employment Agreement [Member] | Warrant [Member] | Risk Free Interest Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants, measurement input |
|
0.0252
|
|
|
|
0.0252
|
|
|
|
|
|
|
|
|
|
|
|
| Amended and Restated Employment Agreement [Member] | Warrant [Member] | Volatility [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants, measurement input |
|
0.6743
|
|
|
|
0.6743
|
|
|
|
|
|
|
|
|
|
|
|
| Amended and Restated Employment Agreement [Member] | Warrant [Member] | Expected Term [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expected life |
|
3 years
|
|
|
|
3 years
|
|
|
|
|
|
|
|
|
|
|
|
| Amended and Restated Employment Agreement [Member] | Warrant [Member] | Dividend Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants, measurement input |
|
0.00
|
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
| Amended and Restated Employment Agreement [Member] | Non-Forfeitable Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of warrants purchased | shares |
|
30,000
|
|
|
|
30,000
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant exericse price (in dollars per share) | $ / shares |
|
$ 5.00
|
|
|
|
$ 5.00
|
|
|
|
|
|
|
|
|
|
|
|
| Number of shares issued upon services | shares |
|
30,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Value of shares issued upon services |
|
$ 55
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| General and administrative expense |
|
|
|
|
|
|
|
$ 0
|
|
$ 55
|
|
|
|
|
|
|
|
| Amended and Restated Employment Agreement [Member] | Non-Forfeitable Warrant [Member] | Risk Free Interest Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants, measurement input |
|
0.0252
|
|
|
|
0.0252
|
|
|
|
|
|
|
|
|
|
|
|
| Amended and Restated Employment Agreement [Member] | Non-Forfeitable Warrant [Member] | Volatility [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants, measurement input |
|
0.6743
|
|
|
|
0.6743
|
|
|
|
|
|
|
|
|
|
|
|
| Amended and Restated Employment Agreement [Member] | Non-Forfeitable Warrant [Member] | Expected Term [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expected life |
|
3 years
|
|
|
|
3 years
|
|
|
|
|
|
|
|
|
|
|
|
| Amended and Restated Employment Agreement [Member] | Non-Forfeitable Warrant [Member] | Dividend Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants, measurement input |
|
0.00
|
|
|
|
0.00
|
|
|
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| Executive Search Firm [Member] |
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| Description of compensation paid to executive search firm |
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The terms of the engagement were that upon a successful search, the Company would compensate the Firm one-third of the total first-year actual cash compensation for the position. The Company agreed to (a) make payments based on the CEO’s base salary of $475, and (b) make a true-up payment (the “True-up Payment”) at the end of the CEO’s first year of employment based on the actual cash compensation earned within the CEO’s first year of employment, exclusive of any Employment Buy-Out Payments.
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| Buy-out payments |
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$ 475
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| Description of firm compensation |
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The Firm’s total compensation is to be paid 75% in cash and 25% in equity in the form of a warrant valued per the last round valuation. The Firm’s total compensation is the aggregate of one-third of the base salary of $475 which was paid as of December 31, 2018 and one-third of any additional cash compensation earned within the CEO’s first year of employment. As of June 30, 2019, the Company owes the following payments: (i) a warrant (the “Contingent Warrant”) for 25% of one-third of any additional cash compensation earned by the CEO during his first year of employment, and (ii) a cash payment for 75% of one-third of any additional cash compensation earned by the CEO during his first year of employment. For items (i) and (ii), a True-up Payment will be determined after the first year of employment ends and the additional cash compensation is known.
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The Firm’s total compensation is the aggregate of one-third of the base salary of $475 which was paid as of December 31, 2018 and one-third of any additional cash compensation
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| Description of contingent payments terms |
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(i) a warrant (the “Contingent Warrant”) for 25% of one-third of any additional cash compensation earned by the CEO during his first year of employment, and (ii) a cash payment for 75% of one-third of any additional cash compensation earned by the CEO during his first year of employment. For items (i) and (ii), a True-up Payment will be determined after the first year of employment ends and the additional cash compensation is known.
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| Employee [Member] |
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| Number of options exercised | shares |
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416
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| Number of shares issued | shares |
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416
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| Exercise price (in dollars per share) | $ / shares |
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$ 3.78
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| Proceeds from exercise options |
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$ 2
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| Consultant [Member] | Consultant Agreement [Member] | Warrant [Member] |
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| Number of warrants purchased | shares |
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10,000
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10,000
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10,000
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| Warrant exericse price (in dollars per share) | $ / shares |
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$ 5.25
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$ 7.25
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$ 6.25
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| Warrant term (in years) |
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5 years
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| Number of shares issued upon services | shares |
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30,000
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30,000
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| Expensed using the straight-line method |
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$ 95
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$ 76
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| General and administrative expense |
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$ 0
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$ 7
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$ 10
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$ 7
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| Consultant [Member] | Consultant Agreement [Member] | Warrant [Member] | Risk Free Interest Rate [Member] |
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| Warrants, measurement input |
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0.0251
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| Consultant [Member] | Consultant Agreement [Member] | Warrant [Member] | Volatility [Member] |
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| Warrants, measurement input |
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0.6725
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| Consultant [Member] | Consultant Agreement [Member] | Warrant [Member] | Expected Term [Member] |
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| Expected life |
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5 years
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| Consultant [Member] | Consultant Agreement [Member] | Warrant [Member] | Dividend Rate [Member] |
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| Warrants, measurement input |
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0.00
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| Consultant [Member] | Consultant Agreement [Member] | Warrant [Member] | Volatility Three Months Ended [Member] |
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| Number of warrants purchased | shares |
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30,000
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| Consultant [Member] | Consultant Agreement [Member] | Warrant [Member] | Volatility [Member] |
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| Warrants, measurement input |
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0.6728
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| Consultant [Member] | Consultant Agreement [Member] | Warrant [Member] | Volatility [Member] |
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| Warrants, measurement input |
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0.6923
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| Consultant [Member] | Consultant Agreement [Member] | Warrant [Member] | Risk Free Interest Rate [Member] |
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| Warrants, measurement input |
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0.0281
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| Consultant [Member] | Consultant Agreement [Member] | Warrant [Member] | Risk Free Interest Rate [Member] |
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| Warrants, measurement input |
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0.0307
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| Chief Executive Officer [Member] | Restricted Stock Units (RSUs) [Member] |
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| Number of shares issued | shares |
10,313
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