Stockholders' Equity - Additional Information (Detail)
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3 Months Ended |
9 Months Ended |
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Sep. 27, 2018
USD ($)
$ / shares
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Sep. 21, 2018
$ / shares
shares
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Sep. 10, 2018
$ / shares
shares
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Jun. 15, 2018
BoardMember
$ / shares
shares
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May 14, 2018
$ / shares
shares
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May 10, 2018
shares
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May 09, 2018
shares
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Jan. 26, 2018
$ / shares
shares
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Jan. 25, 2018
$ / shares
shares
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Sep. 30, 2018
USD ($)
$ / shares
shares
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Sep. 30, 2017
USD ($)
$ / shares
shares
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Sep. 30, 2018
USD ($)
$ / shares
shares
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Sep. 30, 2017
USD ($)
$ / shares
shares
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Mar. 06, 2018
USD ($)
$ / shares
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Dec. 31, 2017
shares
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Stockholders Equity [Line Items] |
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Reverse stock split ratio |
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0.2
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Description of reverse stock split |
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At BIOLASE’s annual meeting of stockholders on May 9, 2018 (the “Annual Meeting”), BIOLASE stockholders approved an amendment to BIOLASE’s Restated Certificate of Incorporation, as amended, to effect a reverse stock split of BIOLASE common stock, at a ratio ranging from one-for-five (1:5) to one-for-fifteen (1:15), with the final ratio to be determined by the BIOLASE board of directors (the “Board”). Immediately after the Annual Meeting, the Board approved a one-for-five (1:5) reverse stock split of the outstanding shares of BIOLASE common stock (the “Reverse Stock Split”). On May 10, 2018, the Company filed an amendment (the “Amendment”) to its Restated Certificate of Incorporation, as amended, with the Secretary of State of the State of Delaware to effect the Reverse Stock Split, effective as of 11:59 p.m. on May 10, 2018. The Amendment also reduced the authorized shares of common stock from 200,000,000 shares to 40,000,000 shares.
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Common stock, shares authorized |
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40,000,000
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200,000,000
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40,000,000
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40,000,000
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40,000,000
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Compensation expense related to stock options | $ |
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$ 600,000
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$ 500,000
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$ 1,900,000
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$ 1,600,000
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Net impact of stock-based compensation expense to earnings per basic share | $ / shares |
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$ (0.03)
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$ (0.03)
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$ (0.09)
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$ (0.11)
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Net impact of stock-based compensation expense to earnings per diluted share | $ / shares |
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$ (0.03)
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$ (0.03)
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$ (0.09)
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$ (0.11)
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Total unrecognized compensation expense | $ |
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$ 4,000,000
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$ 4,000,000
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Unrecognized share based compensation expense to be recognized over weighted-average period |
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2 years 1 month 6 days
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Reversal of share based compensation expense | $ |
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$ 100,000
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$ 700,000
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Number of new board members. | BoardMember |
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2
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Outstanding stock options, RSUs and warrants excluded from diluted loss per share |
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5,800,000
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5,400,000
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5,800,000
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5,400,000
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Original Western Alliance Warrant |
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Stockholders Equity [Line Items] |
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Initial exercise price of warrants | $ / shares |
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$ 2.35
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Western Alliance Warrant |
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Stockholders Equity [Line Items] |
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Initial exercise price of warrants | $ / shares |
$ 2.13
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Warrants expire date |
Sep. 27, 2028
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Stock Options | Employees |
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Stockholders Equity [Line Items] |
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Stock options granted |
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360,000
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Awards valued per share | $ / shares |
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$ 2.11
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Options expiration period |
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10 years
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Options vesting description |
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The options vest ratably over the 36-month period, commencing on February 25, 2018.
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Share-based Compensation Arrangement by Share-based Payment Award, Monthly Ratable Award Vesting Period |
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36 months
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Share Based Compensation Arrangement By Share Based Payment Award, Vesting Commencement Date |
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Feb. 25, 2018
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Restricted Stock Units (RSUs) |
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Stockholders Equity [Line Items] |
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Granted |
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2,747,000
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Restricted Stock Units (RSUs) | Employees |
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Stockholders Equity [Line Items] |
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Awards valued per share | $ / shares |
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$ 1.45
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Options vesting description |
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These awards were valued at $1.45 per share, the closing price of BIOLASE common stock on the grant date, and were fully vested on the grant date
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Granted |
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10,127
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Restricted Stock Units (RSUs) | Board Members |
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Stockholders Equity [Line Items] |
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Awards valued per share | $ / shares |
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$ 1.45
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Options vesting description |
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398,275 shares to certain Board members of the Company. These awards were valued at $1.45 per share, the closing price of BIOLASE common stock on the grant date, and fully vest on the first anniversary of the grant date
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Granted |
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398,275
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Restricted Stock Units (RSUs) | New Board Members |
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Stockholders Equity [Line Items] |
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Awards valued per share | $ / shares |
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$ 1.25
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Options vesting description |
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These awards were valued at $1.25 per share, the closing price of BIOLASE common stock on the grant date, and vest fully on May 9, 2019.
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Granted |
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155,000
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Award vesting date |
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May 09, 2019
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2002 Stock Incentive Plan |
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Stockholders Equity [Line Items] |
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Common stock authorized for issuance |
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3,100,000
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3,100,000
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Common stock issued pursuant to options exercised |
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1,000,000
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Options and restricted stock units outstanding |
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1,800,000
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1,800,000
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2002 Stock Incentive Plan | Restricted Stock Units (RSUs) | President And Chief Executive Officer |
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Stockholders Equity [Line Items] |
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Awards valued per share | $ / shares |
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$ 2.00
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Granted |
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40,000
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2018 Long-Term Incentive Plan |
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Stockholders Equity [Line Items] |
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Common stock authorized for issuance |
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3,300,000
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Options and restricted stock units outstanding |
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2,400,000
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2,400,000
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Options available for future grants |
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900,000
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900,000
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2018 Long-Term Incentive Plan | Vest on September 10, 2019 |
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Stockholders Equity [Line Items] |
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Vesting percentage |
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50.00%
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2018 Long-Term Incentive Plan | Vest on September 10, 2020 |
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Stockholders Equity [Line Items] |
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Vesting percentage |
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50.00%
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2018 Long-Term Incentive Plan | Restricted Stock Units (RSUs) | Employees |
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Stockholders Equity [Line Items] |
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Awards valued per share | $ / shares |
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$ 2.06
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Options vesting description |
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(i) 50% of 24,271 shares vest on September 10, 2019 and the remaining 50% vest on September 10, 2020; and (ii) 6,117 shares fully vest on March 15, 2019, subject to continued service through the applicable vesting dates.
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Granted |
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30,388
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2018 Long-Term Incentive Plan | Restricted Stock Units (RSUs) | Employees | Vest on September 10, 2019 |
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Stockholders Equity [Line Items] |
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Granted |
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24,271
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Award vesting date |
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Sep. 10, 2019
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2018 Long-Term Incentive Plan | Restricted Stock Units (RSUs) | Employees | Vest on September 10, 2020 |
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Stockholders Equity [Line Items] |
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Award vesting date |
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Sep. 10, 2020
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2018 Long-Term Incentive Plan | Restricted Stock Units (RSUs) | Employees | Vest on March 15, 2019 |
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Stockholders Equity [Line Items] |
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Granted |
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6,117
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Award vesting date |
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Mar. 15, 2019
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2018 Long-Term Incentive Plan | Restricted Stock Units (RSUs) | Chief Executive Officer |
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Stockholders Equity [Line Items] |
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Awards valued per share | $ / shares |
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$ 2.17
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Options vesting description |
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(i) 54% of the total grant is subject to time vesting with 33% vesting on August 7, 2019 and the remaining 67% vesting ratably semi-annually over the two-year period commencing on February 7, 2020; and (ii) 46% of the awards is subject to specific 2019, 2020 and 2021 performance criteria, with vesting upon satisfaction of the applicable performance criteria, subject to continued service through the applicable vesting dates.
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Share-based Compensation Arrangement by Share-based Payment Award, Monthly Ratable Award Vesting Period |
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2 years
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Share Based Compensation Arrangement By Share Based Payment Award, Vesting Commencement Date |
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Feb. 07, 2020
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Granted |
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650,000
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Award vesting date |
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Aug. 07, 2019
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2018 Long-Term Incentive Plan | Restricted Stock Units (RSUs) | Chief Executive Officer | Vest Percentage |
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Stockholders Equity [Line Items] |
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Vesting percentage |
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54.00%
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2018 Long-Term Incentive Plan | Restricted Stock Units (RSUs) | Chief Executive Officer | Vest on August 7, 2019 |
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Stockholders Equity [Line Items] |
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Vesting percentage |
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33.00%
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2018 Long-Term Incentive Plan | Restricted Stock Units (RSUs) | Chief Executive Officer | Vesting Commence on February 7, 2020 |
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Stockholders Equity [Line Items] |
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Vesting percentage |
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67.00%
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2018 Long-Term Incentive Plan | Restricted Stock Units (RSUs) | Chief Executive Officer | Vesting Awards Subject To Specific 2019, 2020 and 2021 Performance Criteria |
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Stockholders Equity [Line Items] |
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Vesting percentage |
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46.00%
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2018 Long-Term Incentive Plan | Restricted Stock Units (RSUs) | Board Members, Employees and Consultants |
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Stockholders Equity [Line Items] |
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Awards valued per share | $ / shares |
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$ 1.45
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Options vesting description |
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These awards were valued at $1.45 per share, the closing price of BIOLASE common stock on the grant date, and vest 40% on December 31, 2018 and 60% on December 31, 2019, subject to continued service through the applicable vesting dates.
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Granted |
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1,193,850
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2018 Long-Term Incentive Plan | Restricted Stock Units (RSUs) | Board Members, Employees and Consultants | Vest on December 31, 2018 |
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Stockholders Equity [Line Items] |
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Vesting percentage |
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40.00%
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Award vesting date |
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Dec. 31, 2018
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2018 Long-Term Incentive Plan | Restricted Stock Units (RSUs) | Board Members, Employees and Consultants | Vest on December 31, 2019 |
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Stockholders Equity [Line Items] |
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Vesting percentage |
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60.00%
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Award vesting date |
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Dec. 31, 2019
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Minimum [Member] |
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Stockholders Equity [Line Items] |
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Reverse stock split ratio |
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|
|
|
|
0.2
|
|
|
|
|
|
|
|
|
Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders Equity [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reverse stock split ratio |
|
|
|
|
|
|
0.067
|
|
|
|
|
|
|
|
|
Maximum | Original Western Alliance Warrant |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders Equity [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants issued to purchase shares of common stock equal value | $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 120,000
|
|
Maximum | Western Alliance Warrant |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders Equity [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants issued to purchase shares of common stock equal value | $ |
$ 120,000
|
|
|
|
|
|
|
|
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|
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|
|