Shareholders' Equity (Tables)
|
12 Months Ended |
Dec. 31, 2019 |
|---|
| Equity [Abstract] |
|
| Schedule of warrants |
| |
|
Shares
Underlying Warrants |
|
|
Weighted
Average Exercise Price |
|
|
Weighted
Average Remaining Contractual Life (years) |
|
|
Aggregate
Intrinsic Value |
|
| Outstanding at January 1, 2018 |
|
|
1,340,869 |
|
|
$ |
5.07 |
|
|
|
4.03 |
|
|
$ |
- |
|
| Granted |
|
|
1,288,599 |
|
|
|
5.42 |
|
|
|
|
|
|
|
|
|
| Outstanding at December 31, 2018 |
|
|
2,629,468 |
|
|
|
5.24 |
|
|
|
3.58 |
|
|
|
- |
|
| Granted |
|
|
141,333 |
|
|
|
5.62 |
|
|
|
|
|
|
|
|
|
| Forfeited/cancelled |
|
|
(25,000 |
) |
|
|
7.39 |
|
|
|
|
|
|
|
|
|
| Outstanding and exercisable at December 31, 2019 |
|
|
2,745,801 |
|
|
$ |
5.24 |
|
|
|
2.58 |
|
|
$ |
- |
|
|
| Schedule of stock option activity |
| |
|
Shares
Underlying Options |
|
|
Weighted
Average Exercise Price |
|
|
Weighted
Average Remaining Contractual Life (years) |
|
|
Aggregate
Intrinsic Value |
|
| Outstanding at January 1, 2018 |
|
|
1,803,094 |
|
|
$ |
4.41 |
|
|
|
8.86 |
|
|
$ |
421 |
|
| Granted |
|
|
812,000 |
|
|
|
4.16 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(15,292 |
) |
|
|
3.31 |
|
|
|
|
|
|
|
6 |
|
| Forfeited/cancelled |
|
|
(79,701 |
) |
|
|
4.63
|
|
|
|
|
|
|
|
1
|
|
| Outstanding at December 31, 2018 |
|
|
2,520,101 |
|
|
|
4.32 |
|
|
|
8.72 |
|
|
|
- |
|
| Granted |
|
|
1,242,144 |
|
|
|
4.02 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(416 |
) |
|
|
3.78 |
|
|
|
|
|
|
|
* |
|
| Forfeited/cancelled |
|
|
(245,297 |
) |
|
|
4.24 |
|
|
|
|
|
|
|
|
|
| Outstanding at December 31, 2019 |
|
|
3,516,532 |
|
|
$ |
4.22 |
|
|
|
7.91 |
|
|
$ |
- |
|
*represents amount less than $1,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of option pricing model using weighted average assumptions |
| |
|
For
the year ended December 31, |
|
| |
|
2019 |
|
|
2018 |
|
| Expected term, in years |
|
|
5.8 |
|
|
|
5.8 |
|
| Expected volatility |
|
|
72.89 |
% |
|
|
68.72 |
% |
| Risk-free interest rate |
|
|
2.34 |
% |
|
|
3.01 |
% |
| Dividend yield |
|
|
- |
|
|
|
- |
|
| Grant date fair value |
|
$ |
2.58 |
|
|
$ |
2.59 |
|
|
| Schedule of restricted stock unit awards activity |
| |
|
Number
of Shares |
|
|
Aggregate
Weighted
Average Grant Date Fair Value |
|
| Nonvested at December 31, 2018 |
|
|
165,000 |
|
|
$ |
810 |
|
| Granted |
|
|
76,112 |
|
|
|
329 |
|
| Vested |
|
|
(55,523 |
) |
|
|
(264 |
) |
| Nonvested at December 31, 2019 |
|
|
185,589 |
|
|
$ |
875 |
|
|
| Schedule of share based compensation |
|
|
December
31, |
|
| |
|
2019 |
|
|
2018 |
|
| Research and development |
|
$ |
697 |
|
|
$ |
170 |
|
| Sales and marketing |
|
|
325 |
|
|
|
158 |
|
| General and administrative |
|
|
2,183 |
|
|
|
2,147 |
|
| Total (1), (2) |
|
$ |
3,205 |
|
|
$ |
2,475 |
|
| (1) |
As
of December 31, 2019 and 2018, the Company recorded a prepaid expense in the amount of $0 and $344, respectively, for the
value of vested warrants for future services to be rendered. |
| (2) |
As
of December 31, 2019 and 2018, the Company recorded a warrant liability in the amount of $0 and $22, respectively, for the
value of warrants to be issued for services provided. |
|