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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Summary of Series B Preferred Stock and Accretion of Dividends

The following table summarizes Series B convertible preferred stock and the accretion of dividend activity for the three months ended March 31, 2023 and 2022 (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Series B Convertible Preferred Stock:

 

 

 

Balance at beginning of period

 

$

25,323

 

$

24,117

 

Cumulative dividends on Series B convertible preferred stock

 

 

313

 

 

298

 

Balance at end of period

 

$

25,636

 

$

24,415

 

Number of Common Shares Issuable Upon Conversion:

 

 

 

Number of shares at beginning of period

 

 

6,331

 

 

6,029

 

Cumulative dividends on Series B convertible preferred stock

 

 

78

 

 

75

 

Number of shares at end of period

 

 

6,409

 

 

6,104

 

 

Summary of Outstanding Warrants

Below is the summary of outstanding warrants as of March 31, 2023:

 

Warrant Type

 

Number of Shares
Issuable Upon
Exercise

 

 

Weighted
Average
Exercise Price

 

 

Issue Date

 

Expiration Date

April 21 Funds Warrants

 

 

275,000

 

 

$

3.50

 

 

May 5, 2020

 

May 5, 2023

Summary of Common Stock Reserved for Future Issuance

Common Stock Reserved for Future Issuance

Common stock reserved for future issuance as of March 31, 2023 was as follows:

 

Exercise of outstanding stock options, vesting of restricted stock units ("RSUs"), vesting of
     performance stock units ("PSUs"), and issuance of RSUs vested but not released

 

 

1,556,124

 

Employee Stock Purchase Plan

 

 

293,888

 

Shares of common stock available for grant under the 2011 Plan

 

 

416,955

 

Warrants to purchase common stock

 

 

275,000

 

Shares of common stock issuable upon conversion of Series B convertible preferred stock

 

 

7,541,449

 

Total

 

 

10,083,416