Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Equity (Deficit)

v3.20.1
Consolidated Statements of Stockholders' Equity (Deficit) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
 [1]
Accumulated Other Comprehensive Income
Retained Earnings / (Accumulated Deficit)
Total 'Stockholders' Equity (Deficit)
Non-controlling Interests
Beginning balance at Dec. 31, 2017 $ 1,987 $ 1 [1] $ 81 $ 72 $ 1,833 $ 1,987  
Change in the legal status of the Company and creation of 100,000 shares with no par value     27   (27)    
Change in the legal status of the Company and creation of 100,000 shares with no par value, shares [1]   9,663,456          
Consolidation of Solutions Infini 2           $ 2
Consolidation of Solutions Infini, shares [1]   342,376          
Issuance of common stock in connection with Buc Mobile acquisition 2,711   2,711     2,711  
Issuance of common stock upon exercise of stock options 8   8     8  
Issuance of common stock upon exercise of stock options, shares [1]   681,274          
Stock-based compensation 7,359   7,359     7,359  
Net loss (7,100)       (7,098) (7,098) $ (2)
Other comprehensive loss (41)     (41)   (41)  
Ending balance at Dec. 31, 2018 4,926 $ 1 [1] 10,186 31 (5,292) 4,926  
Ending balance, shares at Dec. 31, 2018 [1]   10,687,106          
Business Combination [2] (40,374) $ 1 [1] (10,186)   (30,189) (40,374)  
Business Combination, shares [1],[2]   9,290,007          
Forward share purchase agreements 567   567     567  
Stock-based compensation 1,576   1,576     1,576  
Net loss (5,512)       (5,512) (5,512)  
Other comprehensive loss 43     43   43  
Ending balance at Dec. 31, 2019 $ (38,774) $ 2 [1] $ 2,143 $ 74 $ (40,993) $ (38,774)  
Ending balance, shares at Dec. 31, 2019 [1]   19,977,113          
[1] Amounts as of December 31, 2018 and before that date differ from those published in prior year consolidated financial statements as they were retrospectively adjusted as a result of the accounting for the Business Combination (as defined below in the notes). Specifically, the number of common shares outstanding during periods before the Business Combination are computed on the basis of the number of common shares of Kaleyra S.p.A. (accounting acquiror) during those periods multiplied by the exchange ratio established in the stock purchase agreement. Common stock and additional paid-in capital were adjusted accordingly.
[2] Refer to “Note 5” for further details.