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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Schedule of Preferred Stock and the Accretion Of Dividend Activity

The following table summarizes Series B Preferred Stock and the accretion of dividend activity for the nine months ended September 30, 2019 (in thousands):

 

 

 

Tranche 1

 

 

Tranche 2

 

 

Total

 

Series B Preferred Stock

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2018

 

$

12,600

 

 

$

8,233

 

 

$

20,833

 

Cumulative dividends on Series B preferred stock

 

 

473

 

 

 

307

 

 

 

780

 

Balance at September 30, 2019

 

$

13,073

 

 

$

8,540

 

 

$

21,613

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Common Shares Issuable Upon Conversion

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2018

 

 

3,150

 

 

 

2,058

 

 

 

5,208

 

Cumulative dividends on Series B preferred stock

 

 

118

 

 

 

77

 

 

 

195

 

Balance at September 30, 2019

 

 

3,268

 

 

 

2,135

 

 

 

5,403

 

 

Summary of Outstanding Warrants Issued by Company

Below is the summary of outstanding warrants issued by the Company as of September 30, 2019:

 

Warrant Type

 

Number of Shares

Issuable Upon

Exercise

 

 

Weighted

Average

Exercise Price

 

 

Issue Date

 

Expiration Date

East West Bank Warrant

 

 

40,000

 

 

$

3.64

 

 

February 8, 2017

 

February 8, 2022

VLL7 and VLL8 Warrants

 

 

580,000

 

 

 

2.00

 

 

February 8, 2017

 

February 8, 2022

Total

 

 

620,000

 

 

 

 

 

 

 

 

 

Schedule of Common Stock Reserved for Future Issuance

Common Stock Reserved for Future Issuance

Common stock reserved for future issuance as of September 30, 2019 was as follows:

 

Exercise of outstanding stock options, vesting of restricted stock units ("RSU"), and

   issuance of RSUs vested but not released

 

 

1,977,194

 

ESPP

 

 

293,888

 

Shares of common stock available for grant under the 2011 Plan

 

 

473,319

 

Warrants to purchase common stock

 

 

620,000

 

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

 

 

7,541,449

 

Total

 

 

10,905,850