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Stockholders' Equity (Tables)
12 Months Ended
Dec. 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 years ended December 31, 2023 and 2022 (in thousands):

 

 

Year Ended December 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

 

1,266

 

 

 

1,206

 

Balance at end of period

$

26,589

 

 

$

25,323

 

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

 

316

 

 

 

302

 

Number of shares at end of period

 

6,647

 

 

 

6,331

 

Summary of Common Stock Reserved for Future Issuance

Common Stock Reserved for Future Issuance

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

 

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

 

 

1,303,638

 

Employee Stock Purchase Plan

 

 

293,888

 

Shares of common stock available for grant under the 2011 Plan

 

 

374,710

 

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

 

 

7,541,449

 

Total

 

 

9,513,685