Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Summary of customer allowances for prompt payment discounts

The following table summarizes the activity of our customer allowances for prompt payment discounts for the years ended December 31, 2020, 2019 and 2018 (in thousands):

​

​

​

​

​

Balance at January 1, 2018

    

$

—

Provision for prompt payment discount during the year

​

​

189

Reduction in prompt payment discount during the year

​

​

(139)

Balance at December 31, 2018

​

​

50

Provision for prompt payment discount during the year

​

​

540

Reduction in prompt payment discount during the year

​

​

(481)

Balance at December 31, 2019

​

​

109

Provision for prompt payment discount during the year

​

​

807

Reduction in prompt payment discount during the year

​

​

(745)

Balance at December 31, 2020

​

$

171

Schedule of computation of basic and diluted loss per share

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share amounts):

​

​

​

​

​

​

​

​

​

​

​

​

​

Year Ended 

​

​

​

December 31, 

​

​

    

2020

    

2019

    

2018

​

EPS Numerator:

​

​

​

​

​

​

​

​

​

​

Net income (loss)

​

$

(29,744)

​

$

(66,894)

​

$

(70,480)

​

EPS Denominator—Basic:

​

​

​

​

​

​

​

​

​

​

Weighted-average common shares outstanding

​

 

168,754

​

 

167,400

​

​

160,529

​

​

​

​

​

​

​

​

​

​

​

​

Net income (loss) per common share, basic and diluted

​

$

(0.18)

​

$

(0.40)

​

$

(0.44)

​

​

Schedule of antidilutive securities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31,

 

​

​

​

​

2020

    

2019

    

2018

 

Outstanding stock options

​

​

​

​

27,260

 

​

22,671

 

​

20,713

​

Weighted average exercise price of options

​

​

​

$

3.05

​

$

3.51

​

$

4.20

​