Annual report pursuant to Section 13 and 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

v3.8.0.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Major Customers
A relatively small number of partners account for a significant percentage of our revenue. Revenue from significant partners, which is defined as 10% or more of our total revenue, was as follows:
 
December 31,
 
2017
 
2016
 
2015
Partner A
46
%
 
41
%
 
27
%
Partner B
19
%
 
14
%
 
23
%
Partner C

 

 
18
%
Schedule of Commercial License Rights
Commercial license rights consist of the following (in thousands):
 
December 31,
 
December 31,
 
2017
 
2016
Aziyo & CorMatrix
$
17,696

 
$
17,696

Selexis
8,602

 
8,602

 
26,298

 
26,298

Less: accumulated amortization
(6,772
)
 
(477
)
     Total commercial rights, net
$
19,526

 
$
25,821

Schedule of Computation of Basic and Diluted Net Income (Loss) per Share
The following table presents the calculation of weighted average shares used to calculate basic and diluted earnings per share (in thousands):
 
Year Ended December 31,
 
2017
 
2016
 
2015
Weighted average shares outstanding:
21,032

 
20,831

 
19,790

Dilutive potential common shares:
 
 
 
 
 
   Restricted stock
141

 

 
56

   Stock options
1,000

 

 
882

   Warrants
94

 

 

   2019 Convertible Senior Notes
1,214

 

 
499

Shares used to compute diluted income per share
23,481

 
20,831

 
21,228

Potentially dilutive shares excluded from calculation due to anti-dilutive effect
335

 
3,544

 
3,333