Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited)

v3.20.1
Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Treasury Stock
Accumulated Other Comprehensive Income
Retained Earnings / (Accumulated Deficit)
Beginning balance at Dec. 31, 2018 $ 4,926 $ 1 $ 10,186 [1]   $ 31 $ (5,292)
Beginning balance, shares at Dec. 31, 2018 [1]   10,687,106        
Net loss (1,379)         (1,379)
Other comprehensive loss 576       576  
Ending balance at Mar. 31, 2019 4,123 $ 1 10,186 [1]   607 (6,671)
Ending balance, shares at Mar. 31, 2019 [1]   10,687,106        
Beginning balance at Dec. 31, 2019 (38,774) $ 2 2,143   74 (40,993)
Beginning balance, shares at Dec. 31, 2019   19,977,113        
Common stock repurchased in connection with forward share purchase agreements     2,587 $ (2,587)    
Common stock repurchased in connection with forward share purchase agreements, shares   (235,169)   235,169    
Change in forward share purchase agreement liability (271)   (271)      
Stock-based compensation (RSUs) 6,204   6,204      
Stock-based compensation (RSUs), shares   137,104        
Common stock issued to settle a payable [2] 527   527      
Common stock issued to settle a payable, shares [2]   140,000        
Net loss (8,823)         (8,823)
Other comprehensive loss (498)       (498)  
Ending balance at Mar. 31, 2020 $ (41,635) $ 2 $ 11,190 $ (2,587) $ (424) $ (49,816)
Ending balance, shares at Mar. 31, 2020   20,019,048   235,169    
[1] Amounts as of March 31, 2019 and before that date were retrospectively adjusted as a result of the accounting for the Business Combination (as defined 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] On March 6, 2020, the Company issued to Northland Securities Inc. (“Northland”), 140,000 shares of the Company’s common stock as a partial settlement of the amounts owned to Northland for financial advisory services provided by Northland to Kaleyra S.p.A. in connection with the previously consummated Business Combination.