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As of September 30, 2020
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Actual
(unaudited) |
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As
Adjusted (unaudited) |
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(in thousands, except share amounts)
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Cash and Cash Equivalents
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| | | $ | 12,939 | | | | | $ | | | |
Liabilities: | | | | | | | | | | | | | |
Notes payable, current portion
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| | | $ | 10,794 | | | | | $ | | | |
Notes payable, net of current portion
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| | | | 12,908 | | | | | | | | |
Total liabilities
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| | | $ | 23,702 | | | | | $ | | | |
Stockholders’ Equity: | | | | | | | | | | | | | |
Preferred stock, $0.01 par value per share, 1,500,000 shares authorized, 0
shares issued and outstanding |
| | | | — | | | | | | | | |
Common stock, $0.01 par value per share, 44,000,000 shares authorized, 16,225,000 shares issued and 15,899,425 shares outstanding as of September 30, 2020 and shares issued and shares outstanding as adjusted
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| | | | 163 | | | | | | | | |
Treasury stock at cost, 384,159 shares
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| | | | (5,017) | | | | | | | | |
Additional paid-in-capital
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| | | | 398,449 | | | | | | | | |
Accumulated deficit
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| | | | (264,112) | | | | | | | | |
Accumulated other comprehensive income
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| | | | 613 | | | | | | | | |
Total Stockholders’ Equity
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| | | | 130,096 | | | | | | | | |
Total Capitalization
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| | | $ | 153,798 | | | | | $ | | | |
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Public offering price per share
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| | | | | | | | | $ | | | |
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Net tangible book value (deficit) per share as of September 30, 2020
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| | | $ | (0.23) | | | | | | | | |
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Increase in net tangible book value (deficit) per share attributable to this offering
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| | | $ | | | | | | | | | |
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As adjusted net tangible book value (deficit) per share after giving effect to this offering
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| | | | | | | | | $ | | | |
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Dilution in net tangible book value per share to new investors
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| | | | | | | | | $ | | | |
Underwriter
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Number of Shares
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Roth Capital Partners, LLC
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Total | | | | |
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Per Share
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Total
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Without
Over- allotment |
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With
Over- allotment |
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Without
Over- allotment |
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With
Over- allotment |
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Public offering price
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| | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||
Underwriting discounts and commissions paid by us
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| | | $ | | | | | $ | | | | | $ | | | | | $ | | |
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2013
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2014
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2015
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2016
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2017
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Ratio of earnings to fixed charges
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| | | | 37.14 | | | | | | 89.47 | | | | | | — | | | | | | 62.05 | | | | | | — | | |
Deficiency of earnings available to cover fixed charges (in thousands)
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| | | | N/A | | | | | | N/A | | | | | $ | (1,538) | | | | | | N/A | | | | | $ | (5,626) | | |