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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Summary of Series B Preferred Stock and Accretion of Dividends

The following table summarizes Series B Preferred Stock and the accretion of dividends activity for the year ended December 31, 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

 

630

 

 

 

412

 

 

 

1,042

 

Balance at December 31, 2019

$

13,230

 

 

$

8,645

 

 

$

21,875

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

158

 

 

 

103

 

 

 

261

 

Balance at December 31, 2019

 

3,308

 

 

 

2,161

 

 

 

5,469

 

Summary of Outstanding Warrants Issued by Company

Below is a summary of outstanding warrants issued by the Company as of December 31, 2019:

 

Warrant Type

 

Number of Shares

Issuable Upon

Exercise

 

 

Weighted

Average Exercise

Price

 

 

Issue Date

 

Expiration Date

EWB 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

 

 

 

 

 

 

 

 

 

Summary of Common Stock Reserved for Future Issuance

 

Common Stock Reserved for Future Issuance

Common stock reserved for future issuance as of December 31, 2019 was as follows:

 

Exercise of outstanding stock options, vesting of RSUs, and issuance of RSUs vested but not released

 

 

1,913,152

 

Employee Stock Purchase Plan

 

 

293,888

 

Shares of common stock available for grant under the 2011 Plan

 

 

436,366

 

Warrants to purchase common stock

 

 

620,000

 

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

 

 

7,541,449

 

Total

 

 

10,804,855