4 unchanged sentences
A substantially greater number of stockholders may be “street name” or beneficial holders, whose shares are held of record by banks, brokers and other financial institutions.
+Added: Dividend Policy
+Added: We have never declared or paid cash dividends on our common stock, and we currently do not plan to declare dividends on shares of our common stock in the foreseeable future.
+Added: We expect to retain our future earnings, if any, for use in the operation and expansion of our business.
+Added: In addition, unless waived, the terms of our Credit Facility prohibit us from paying any cash dividends or making other distributions.
+Added: The payment of cash dividends in the future, if any, will be at the discretion of our board of directors and will depend upon such factors as earnings levels, capital requirements, our overall financial condition and any other factors deemed relevant by our board of directors.
+Added: Securities Authorized for Issuance under Equity Compensation Plans
+Added: The information required by this item concerning securities authorized for issuance under equity compensation plans is incorporated by reference from the information that will be set forth in the Definitive Proxy Statement to be filed with the Securities and Exchange Commission in connection with the Annual Meeting of Stockholders to be held in 2021 (the “2021 Proxy Statement”) under the heading “Executive Compensation—Equity Compensation Plan Information.”
Stock Price Performance Graph
8 unchanged sentences
Nasdaq Biotechnology (Total Return) Index XNBI $ 100.00 $ 78.65 $ 95.67 $ 87.19 $ 109.08 $ 137.90
+Added: Unregistered Sales of Equity Securities and Use of Proceeds
+Added: Unregistered Sales of Equity Securities
+Added: During the year ended December 31, 2020, we did not issue or sell any unregistered securities not previously disclosed in a Quarterly Report on Form 10-Q or in a Current Report on Form 8-K.
+Added: Issuer Purchases of Equity Securities
SELECTED FINANCIAL DATA
26 unchanged sentences
Weighted average common stock shares used in computing net loss per share, basic and diluted 59,360 56,525 52,205 46,228 40,629
−Removed: ( 1) Financial results for year ended December 31, 2019 and 2018 as compared to the years ended December 31, 2017, 2016, and 2015 reflect the effects of adopting Accounting Standards Update ("ASU") 2014-09, “Revenue from Contracts with Customers (Topic 606)” and the related amendments (ASC 606), which provided a new basis of accounting for our revenue arrangements during fiscal year 2019 and 2018.
+Added: ( 1) Financial results for years ended December 31, 2020, 2019 and 2018 as compared to the years ended December 31, 2017 and 2016 reflect the effects of adopting Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) and the related amendments (“ASC 606”), which provided a new basis of accounting for our revenue arrangements beginning in the 2018 fiscal year 2018 and continuing thereafter.
The adoption of ASC 606 limits the comparability of revenue and certain expenses, including revenues and costs and operating expenses, presented in the results of operations for the years ended December 31, 2020, 2019 and 2018 when compared to the years ended December 31, 2017 and 2016.
−Removed: (2) Lease costs for the year ended December 31, 2019 as compared to years ended December 31, 2018 through 2015 reflected the effects of adopting ASU 2016-02 and the related amendments, "Leases (Topic 842)" (“ASC 842”), which provided a new basis of accounting for leases during fiscal year 2019.
−Removed: The adoption of ASC 842 limited the comparability of lease costs included in operating expenses, presented in the results of operations for the year ended December 31, 2019 when compared to the years ended December 31, 2018 through 2015.
+Added: (2) Lease costs for the years ended December 31, 2020 and 2019 as compared to years ended December 31, 2018, 2017 and 2016 reflect the effects of adopting ASU 2016-02 and the related amendments, Leases (Topic 842) (“ASC 842”) which provided a new basis of accounting for leases beginning in our 2019 fiscal year.
+Added: The adoption of ASC 842 limited the comparability of lease costs included in operating expenses, presented in the results of operations for the years ended December 31, 2020 and 2019 when compared to the years ended December 31, 2018, 2017 and 2016.
2020 2019 2018 2017 2016
6 unchanged sentences
Total stockholders’ equity 170,103 105,517 56,306 24,547 19,099
−Removed: (1) Financial results for years ended December 31, 2019 and 2018 as compared to the years ended December 31, 2017 through 2015 reflected the effects of adopting ASU 2014-09, "Revenue from Contracts with Customers ("ASC 606"), which provided a new basis of accounting for our revenue arrangements during fiscal years 2019 and 2018.
−Removed: We used the modified retrospective transition method.
−Removed: We recognized the cumulative effect of applying the new revenue standard and recognized a $4.1 million increase to the opening balance of the accumulated deficit at the beginning of 2018.
−Removed: The comparative information for the years ended December 31, 2017 through 2015 has not been restated and continues to be reported under the accounting standards in effect for the periods presented.
−Removed: (2) Effective January 1, 2019, we adopted ASU 2016-02 and the related amendments, "Leases (Topic 842)" (“ASC 842”), which established a right-of-use ("ROU") model requiring lessees to record a ROU asset and lease obligations on the balance sheet for all leases with terms longer than 12 months.
−Removed: We applied the accounting guidance using a modified retrospective approach.
−Removed: For operating leases, we recognized $26.6 million of ROU assets and $27.6 million of lease obligations, and for finance leases, we recognized $0.5 million of ROU assets and $0.3 million of lease obligations in our consolidated balance sheet in the first quarter of 2019.
−Removed: See Note 13 in the notes to our Consolidated Financial Statements set forth in Item 8 of this Annual Report on Form 10-K for more information.
+Added: (1) Financial results for years ended December 31, 2020, 2019 and 2018 as compared to the years ended December 31, 2017 and 2016 reflected the effects of adopting ASU 2014-09, Revenue from Contracts with Customers (“ASC 606”), which provided a new basis of accounting for our revenue arrangements during our 2020, 2019 and 2018 fiscal years.
+Added: We recognized the cumulative effect of applying ASC 606 and recognized a $4.1 million increase to the opening balance of the accumulated deficit in 2018.
+Added: The comparative information for the years ended December 31, 2017 and 2016 has not been restated and continues to be reported under the accounting standards in effect for the periods presented.
+Added: (2) Financial results for years ended December 31, 2020 and 2019 as compared to the years ended December 31, 2018, 2017 and 2016 reflected the effects of adopting ASU 2016-02 and the related amendments, Leases (Topic 842) (“ASC 842”), which established a right-of-use (“ROU”) model requiring lessees to record a ROU asset and lease obligations on the balance sheet for all leases with terms longer than 12 months.
+Added: On adoption of ASC 842 in 2019, for operating leases, we recognized $26.6 million of ROU assets and $27.6 million of lease obligations, and for finance leases, we recognized $0.5 million of ROU assets and $0.3 million of lease obligations in our consolidated balance sheet.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.