Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Nature of Business and Basis of Presentation (Tables)

v3.19.3.a.u2
Nature of Business and Basis of Presentation (Tables)
12 Months Ended
Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments The following table shows the amounts of additional paid-in capital, accumulated deficit, deemed dividends on preferred stock and amortization of BCF, and gain on redemption of preferred stock for the applicable periods, as previously reported and as corrected in the Consolidated Statements of Redeemable Preferred Stock and Stockholders’ Equity and Consolidated Balance Sheets (in thousands):
As Previously Reported As Corrected
Additional Paid-in Capital Accumulated Deficit Additional Paid-in Capital Accumulated Deficit
Balance at December 31, 2016 $ 216,104    $ (53,867)   $ 191,308    $ (29,071)  
Deemed dividends on preferred stock and amortization of beneficial conversion feature 805    (10,547)   (9,742)   —   
Balance at December 31, 2017 230,030    (58,422)   194,687    (23,079)  
Deemed dividends on preferred stock and amortization of beneficial conversion feature* 419    (5,627)   (5,208)   —   
Gain on redemption of preferred stock —    9,075    9,075    —   
Balance at December 31, 2018 372,186    (51,258)   340,291    (19,363)  

*The deemed dividends on preferred stock and amortization of beneficial conversion feature within additional paid-in capital as previously reported as shown here reflects a $21.3 million reclassification to the redemption of Series A preferred stock within additional paid-in capital. As discussed above, such presentation reclassifications have no impact to total paid-in capital for any period.
The following table shows the amounts of the redemption of preferred stock, deemed dividends on preferred stock and amortization of BCF, and gain on redemption of preferred stock for the applicable periods, as previously reported and as currently reported in the Consolidated Statements of Redeemable Preferred Stock and Stockholders’ Equity (in thousands):

As Previously Reported As Currently Reported
Series A Redeemable Convertible Preferred Stock Immaterial Correction of an Error Reclassification Series A Redeemable Convertible Preferred Stock
Balance at December 31, 2017 $ 32,615    $ —    $ —    $ 32,615   
Redemption of Series A Preferred Stock (50,096)   —    12,273    (37,823)  
Deemed dividends on preferred stock and amortization of beneficial conversion feature 8,406    18,150    (21,348)   5,208   
Gain on redemption of preferred stock 9,075    (18,150)   9,075    —   
Balance at December 31, 2018 $ —    $ —    $ —    $ —