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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2025
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, 2025 and 2024 (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Series B Convertible Preferred Stock:

 

 

 

Balance at beginning of period

 

$

27,472

 

$

26,589

 

Cumulative dividends on Series B convertible preferred stock

 

 

205

 

 

248

 

Balance at end of period

 

$

27,677

 

$

26,837

 

Number of Common Shares Issuable Upon Conversion:

 

 

 

Number of shares at beginning of period

 

 

6,868

 

 

6,647

 

Cumulative dividends on Series B convertible preferred stock

 

 

51

 

 

62

 

Number of shares at end of period

 

 

6,919

 

 

6,709

 

 

Summary of Common Stock Reserved for Future Issuance

Common Stock Reserved for Future Issuance

Common stock reserved for future issuance as of March 31, 2025 was as follows:

 

 

 

Number of Shares

 

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

 

 

1,761,377

 

Employee Stock Purchase Plan

 

 

293,888

 

Shares of common stock available for grant under the 2011 Plan

 

 

679,032

 

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

 

 

7,541,449

 

Total

 

 

10,275,746