Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

Stockholders' Equity
6 Months Ended
Jun. 30, 2018
Stockholders' Equity

9. Stockholders’ Equity

Common Stock

The changes in issued and outstanding common stock during the six months ended June 30, 2018 were as follows:



Balance at January 1, 2018


Shares issued for stock-based compensation


Shares issued to RVL and affiliates





Balance at June 30, 2018





During the first quarter of 2018, our Chief Executive Officer purchased an additional 850,000 shares of common stock and our Chief Financial Officer purchased an additional 150,000 shares of common stock for a total of $3.6 million. At June 30, 2018, 9,670,386, or 43% of our outstanding shares were owned by RVL and its affiliates.


Preferred Stock

We are authorized to issue up to 5,000,000 shares of preferred stock. There were no shares of preferred stock outstanding at June 30, 2018.