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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2020
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 dividends activity for the years ended December 31, 2020 and 2019 (in thousands):

 

 

December 31,

 

 

2020

 

 

2019

 

Series B Convertible Preferred Stock:

 

 

 

 

 

 

 

Balance at beginning of period

$

21,875

 

 

$

20,833

 

Cumulative dividends on Series B convertible preferred stock

 

1,094

 

 

 

1,042

 

Balance at end of period

$

22,969

 

 

$

21,875

 

Number of Common Shares Issuable Upon Conversion

 

 

 

 

 

 

 

Number of shares at beginning of period

 

5,469

 

 

 

5,208

 

Cumulative dividends on Series B convertible preferred stock

 

273

 

 

 

261

 

Number of shares at end of period

 

5,742

 

 

 

5,469

 

Summary of Outstanding Warrants Issued by Company

Below is a summary of outstanding warrants issued by the Company as of December 31, 2020:

 

Warrant Type

 

Number of Shares

Issuable Upon

Exercise

 

 

Weighted

Average 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

 

 

 

 

 

 

 

 

 

Summary of Common Stock Reserved for Future Issuance

 

Common Stock Reserved for Future Issuance

Common stock reserved for future issuance as of December 31, 2020 was as follows:

 

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

   units ("PSU"), and issuance of RSUs vested but not released

 

 

1,731,432

 

Employee Stock Purchase Plan

 

 

293,888

 

Shares of common stock available for grant under the 2011 Plan

 

 

1,055,419

 

Warrants to purchase common stock

 

 

315,000

 

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

 

 

7,541,449

 

Total

 

 

10,937,188