Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2023 | |
Cover [Abstract] | |
Document Type | PRE 14A |
Amendment Flag | false |
Entity Registrant Name | BIOLASE, INC |
Entity Central Index Key | 0000811240 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Pay vs Performance Disclosure | ||||
Pay vs Performance Disclosure, Table | Pay Vs. Performance The following table sets forth compensation information for our chief executive officer, referred to below as our PEO, and our other named executive officers, or NEOs, for purposes of comparing their compensation to the value of our shareholders’ investments and our net income, calculated in accordance with SEC regulations, for fiscal years 2023, 2022 and 2021. Year Summary Compensation Average Average Value of Net (1) (2) (3) (4) (5) 2023 $ 420,691 $ 373,621 $ 351,335 $ 341,202 $ 1.73 $ ( 20,941,000 ) 2022 $ 733,086 $ ( 157,884 ) $ 418,365 $ 335,281 $ 6.67 $ ( 28,634,000 ) 2021 $ 4,727,650 $ 1,910,300 $ — $ — $ 93.59 $ ( 16,158,000 ) 1. The dollar amounts reported are the amounts of total compensation reported for our CEO, Mr. Beaver , in the Summary Compensation Table for fiscal years 2023, 2022 and 2021. 2. The dollar amounts reported represent the amount of “compensation actually paid”, as computed in accordance with SEC rules. The dollar amounts reported are the amounts of total compensation reported for Mr. Beaver during the applicable year, but also include (i) the year-end value of equity awards granted during the reported year, (ii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested, or through the end of the reported fiscal year, and (iii) value of equity awards issued and vested during the reported fiscal year. See “PEO Equity Award Adjustment Breakout” table below for further information. 3. The dollar amounts reported are the average of the total compensation reported for our NEOs, other than our PEO, namely Ms. Bright and Mr. Sandor, in the Summary Compensation Table for fiscal years 2023, 2022 and 2021. 4. The dollar amounts reported represent the average amount of “compensation actually paid”, as computed in accordance with SEC rules, for our NEOs, other than our PEO. The dollar amounts reported are the average of the total compensation reported for our NEOs, other than our PEO in the Summary Compensation Table for fiscal years 2023, 2022 and 2021, but also include (i) the year-end value of equity awards granted during the reported year, (ii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested, or through the end of the reported fiscal year, and (iii) value of equity awards issued and vested during the reported fiscal year. See “Non-PEO NEO Equity Award Adjustment Breakout” table below for further information. 5. Reflects the cumulative shareholder return over the relevant fiscal year, computed in accordance with SEC rules, assuming an investment of $100 in our common shares at a price per share equal to the closing price of our common stock on the last trading day before the commencement of the applicable fiscal year and the measurement end point of the closing price of our common stock on the last trading day in the applicable fiscal year. The closing price of our common stock on December 31, 2023, December 31, 2022, and December 31, 2021was $ 1.12 , $ 65.00 , and $ 975.00 respectively. PEO Equity Award Adjustment Breakout To calculate the amounts in the “Compensation Actually Paid to PEO” column in the table above, the following amounts were deducted from and added to (as applicable) our PEO’s “Total” compensation as reported in the Summary Compensation Table: Year Summary Reported Fair Value Fair Value Fair Value Fair Value Compensation 2023 $ 420,691 $ ( 43,166 ) $ 5,454 $ ( 45,219 ) $ 43,166 $ ( 7,305 ) $ 373,621 2022 $ 733,086 $ ( 140,621 ) $ 20,633 $ ( 915,329 ) $ 172,999 $ ( 28,652 ) $ ( 157,884 ) 2021 $ 4,727,650 $ ( 3,851,471 ) $ 721,507 $ ( 15,757 ) $ 232,560 $ 95,811 $ 1,910,300 (1) Represents the grant date fair value of the equity awards to our PEO, as reported in the Summary Compensation Table. Non-PEO NEO Equity Award Adjustment Breakout To calculate the amounts in the “Compensation Actually Paid to Non-PEO NEOs” column in the table above, the following amounts were deducted from and added to (as applicable) the average “Total” compensation of our Non-PEO NEOs as reported in the Summary Compensation Table: Year Average Reported (1) Fair Value as Fair Value Fair Value of Fair Value Compensation 2023 $ 351,335 $ ( 5,150 ) $ 651 $ ( 4,324 ) $ — $ ( 1,310 ) $ 341,202 2022 $ 418,365 $ ( 93,119 ) $ 8,125 $ ( 20,750 ) $ 30,749 $ ( 8,089 ) $ 335,281 (1) Represents the grant date fair value of the equity awards to our Non-PEO NEOs, as reported in the Summary Compensation Table | |||
Named Executive Officers, Footnote | 3. The dollar amounts reported are the average of the total compensation reported for our NEOs, other than our PEO, namely Ms. Bright and Mr. Sandor, in the Summary Compensation Table for fiscal years 2023, 2022 and 2021. | |||
PEO Total Compensation Amount | $ 420,691 | $ 733,086 | $ 4,727,650 | |
PEO Actually Paid Compensation Amount | $ 373,621 | (157,884) | 1,910,300 | |
Adjustment To PEO Compensation, Footnote | PEO Equity Award Adjustment Breakout To calculate the amounts in the “Compensation Actually Paid to PEO” column in the table above, the following amounts were deducted from and added to (as applicable) our PEO’s “Total” compensation as reported in the Summary Compensation Table: Year Summary Reported Fair Value Fair Value Fair Value Fair Value Compensation 2023 $ 420,691 $ ( 43,166 ) $ 5,454 $ ( 45,219 ) $ 43,166 $ ( 7,305 ) $ 373,621 2022 $ 733,086 $ ( 140,621 ) $ 20,633 $ ( 915,329 ) $ 172,999 $ ( 28,652 ) $ ( 157,884 ) 2021 $ 4,727,650 $ ( 3,851,471 ) $ 721,507 $ ( 15,757 ) $ 232,560 $ 95,811 $ 1,910,300 (1) Represents the grant date fair value of the equity awards to our PEO, as reported in the Summary Compensation Table. | |||
Non-PEO NEO Average Total Compensation Amount | $ 351,335 | 418,365 | 0 | |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 341,202 | 335,281 | 0 | |
Adjustment to Non-PEO NEO Compensation Footnote | Non-PEO NEO Equity Award Adjustment Breakout To calculate the amounts in the “Compensation Actually Paid to Non-PEO NEOs” column in the table above, the following amounts were deducted from and added to (as applicable) the average “Total” compensation of our Non-PEO NEOs as reported in the Summary Compensation Table: Year Average Reported (1) Fair Value as Fair Value Fair Value of Fair Value Compensation 2023 $ 351,335 $ ( 5,150 ) $ 651 $ ( 4,324 ) $ — $ ( 1,310 ) $ 341,202 2022 $ 418,365 $ ( 93,119 ) $ 8,125 $ ( 20,750 ) $ 30,749 $ ( 8,089 ) $ 335,281 (1) Represents the grant date fair value of the equity awards to our Non-PEO NEOs, as reported in the Summary Compensation Table | |||
Total Shareholder Return Amount | $ 1.73 | 6.67 | 93.59 | |
Net Income (Loss) | $ (20,941,000) | $ (28,634,000) | $ (16,158,000) | |
PEO Name | Mr. Beaver | Mr. Beaver | Mr. Beaver | |
Closing Price | $ 1.12 | $ 65 | $ 975 | |
PEO | Adjustment to Compensation Reported Value of Equity Awards [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | [1] | $ (43,166) | $ (140,621) | $ (3,851,471) |
PEO | Adjustment to Compensation Fair Value as of Year End for Awards Granted During the Year [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | 5,454 | 20,633 | 721,507 | |
PEO | Adjustment to Compensation Fair Value Year Over Year Increase or Decrease in Unvested Awards Granted in Prior Years [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | (45,219) | (915,329) | (15,757) | |
PEO | Adjustment to Compensation Fair Value of Awards Granted and Vested During the Year [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | 43,166 | 172,999 | 232,560 | |
PEO | Adjustment to Compensation Fair Value Increase or Decrease from Prior Year End for Awards that Vested During the Year [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | (7,305) | (28,652) | $ 95,811 | |
Non-PEO NEO | Adjustment to Compensation Reported Value of Equity Awards [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | [2] | (5,150) | (93,119) | |
Non-PEO NEO | Adjustment to Compensation Fair Value as of Year End for Awards Granted During the Year [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | 651 | 8,125 | ||
Non-PEO NEO | Adjustment to Compensation Fair Value Year Over Year Increase or Decrease in Unvested Awards Granted in Prior Years [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | (4,324) | (20,750) | ||
Non-PEO NEO | Adjustment to Compensation Fair Value of Awards Granted and Vested During the Year [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | 0 | 30,749 | ||
Non-PEO NEO | Adjustment to Compensation Fair Value Increase or Decrease from Prior Year End for Awards that Vested During the Year [Member] | ||||
Pay vs Performance Disclosure | ||||
Adjustment to Compensation, Amount | $ (1,310) | $ (8,089) | ||
[1] Represents the grant date fair value of the equity awards to our PEO, as reported in the Summary Compensation Table. Represents the grant date fair value of the equity awards to our Non-PEO NEOs, as reported in the Summary Compensation Table |