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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Schedule of Preferred Stock and the Accretion of Dividend Activity

The following tables summarize Series B convertible preferred stock and the accretion of dividend activity for the nine months ended September 30, 2020 (in thousands):

 

 

 

Total

 

Series B Convertible Preferred Stock:

 

 

 

 

Balance as of December 31, 2019

 

$

21,875

 

Cumulative dividends on Series B convertible preferred stock

 

 

818

 

Balance as of September 30, 2020

 

$

22,693

 

 

 

 

 

 

Number of Common Shares Issuable Upon Conversion:

 

 

 

 

Balance as of December 31, 2019

 

 

5,469

 

Cumulative dividends on Series B convertible preferred stock

 

 

204

 

Balance as of September 30, 2020

 

 

5,673

 

 

Summary of Outstanding Warrants Issued by Company

Below is the summary of outstanding warrants issued by the Company as of September 30, 2020:

 

Warrant Type

 

Number of Shares

Issuable Upon

Exercise

 

 

Exercise Price

 

 

Issue Date

 

Expiration Date

East West Bank Warrant

 

 

40,000

 

 

$

3.50

 

 

February 8, 2017

 

February 8, 2023

April 21 Funds Warrants

 

 

275,000

 

 

$

3.50

 

 

May 5, 2020

 

May 5, 2023

Total

 

 

315,000

 

 

 

 

 

 

 

 

 

Schedule of Common Stock Reserved for Future Issuance

 

Common Stock Reserved for Future Issuance

Common stock reserved for future issuance as of September 30, 2020 was as follows:

 

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

   issuance of RSUs vested but not released

 

 

1,710,044

 

Employee Stock Purchase Plan

 

 

293,888

 

Shares of common stock available for grant under the 2011 Plan

 

 

1,166,485

 

Warrants to purchase common stock

 

 

315,000

 

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

 

 

7,541,449

 

Total

 

 

11,026,866