| Net Income (Loss) Per Share
The following table sets forth the computation of basic and diluted net income (loss) per share:
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2020 |
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2019 |
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2020 |
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2019 |
| Numerator: |
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| Net income (loss) applicable to common shareholders |
$ |
2,452 |
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$ |
206 |
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$ |
(11,849) |
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$ |
(9,411) |
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| Adjustment for gain on fair value of "in the money" warrants |
(2,545) |
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— |
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(294) |
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— |
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| Adjusted net income (loss) used for dilution calculation |
$ |
(93) |
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$ |
206 |
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$ |
(12,143) |
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$ |
(9,411) |
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| Denominator: |
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| Weighted-average number of shares outstanding |
8,236 |
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4,996 |
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6,772 |
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4,684 |
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| Effect of dilutive shares: |
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| "In the money" warrants for common stock |
143 |
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— |
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57 |
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— |
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| Equity awards |
— |
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1 |
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— |
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— |
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| Dilutive weighted-average number of shares outstanding |
8,379 |
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4,997 |
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6,829 |
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4,684 |
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| Net income (loss) per share applicable to common shareholders |
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| Basic |
$ |
0.30 |
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$ |
0.04 |
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$ |
(1.75) |
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$ |
(2.01) |
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| Diluted |
$ |
(0.01) |
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$ |
0.04 |
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$ |
(1.78) |
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$ |
(2.01) |
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The following table sets forth potential shares of common stock that are not included in the calculation of diluted net loss per share because to do so would be anti-dilutive as of the end of each period presented:
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2020 |
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2019 |
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2020 |
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2019 |
| Options to purchase common stock |
532 |
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395 |
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532 |
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396 |
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| Restricted stock units |
180 |
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9 |
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180 |
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9 |
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| Warrants for common stock |
715 |
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571 |
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1,234 |
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571 |
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| Total common stock equivalents |
1,427 |
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975 |
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1,946 |
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976 |
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