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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2024 and 2023 (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Series B Convertible Preferred Stock:

 

 

 

 

 

 

Balance at beginning of period

 

$

27,070

 

$

25,951

 

 

$

26,589

 

$

25,323

 

Cumulative dividends on Series B convertible preferred stock

 

 

201

 

 

319

 

 

 

682

 

 

947

 

Balance at end of period

 

$

27,271

 

$

26,270

 

 

$

27,271

 

$

26,270

 

Number of Common Shares Issuable Upon Conversion:

 

 

 

 

 

 

Number of shares at beginning of period

 

 

6,767

 

 

6,488

 

 

 

6,647

 

 

6,331

 

Cumulative dividends on Series B convertible preferred stock

 

 

50

 

 

80

 

 

 

170

 

 

237

 

Number of shares at end of period

 

 

6,817

 

 

6,568

 

 

 

6,817

 

 

6,568

 

 

Summary of Common Stock Reserved for Future Issuance

Common Stock Reserved for Future Issuance

Common stock reserved for future issuance as of September 30, 2024 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

 

 

1,972,044

 

Employee Stock Purchase Plan

 

 

293,888

 

Shares of common stock available for grant under the 2011 Plan

 

 

579,575

 

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

 

 

7,541,449

 

Total

 

 

10,386,956