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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2024
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, 2024 and 2023 (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

Series B Convertible Preferred Stock:

 

 

 

Balance at beginning of period

 

$

26,589

 

$

25,323

 

Cumulative dividends on Series B convertible preferred stock

 

 

248

 

 

313

 

Balance at end of period

 

$

26,837

 

$

25,636

 

Number of Common Shares Issuable Upon Conversion:

 

 

 

Number of shares at beginning of period

 

 

6,647

 

 

6,331

 

Cumulative dividends on Series B convertible preferred stock

 

 

62

 

 

78

 

Number of shares at end of period

 

 

6,709

 

 

6,409

 

 

Summary of Common Stock Reserved for Future Issuance

Common Stock Reserved for Future Issuance

Common stock reserved for future issuance as of March 31, 2024 was as follows:

 

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

 

 

1,304,248

 

Employee Stock Purchase Plan

 

 

293,888

 

Shares of common stock available for grant under the 2011 Plan

 

 

286,899

 

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

 

 

7,541,449

 

Total

 

 

9,426,484