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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Summary of Series B Preferred Stock and Accretion of Dividends

The following tables summarize Series B convertible preferred stock and the accretion of dividend activity for the six months ended June 30, 2021 and 2020 (in thousands):

 

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

Series B Convertible Preferred Stock:

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

22,969

 

 

$

21,875

 

Cumulative dividends on Series B convertible preferred stock

 

 

570

 

 

 

543

 

Balance at end of period

 

$

23,539

 

 

$

22,418

 

Number of Common Shares Issuable Upon Conversion:

 

 

 

 

 

 

 

 

Number of shares at beginning of period

 

 

5,742

 

 

 

5,469

 

Cumulative dividends on Series B convertible preferred stock

 

 

143

 

 

 

135

 

Number of shares at end of period

 

 

5,885

 

 

 

5,604

 

 

Summary of Outstanding Warrants Issued by Company

Below is the summary of outstanding warrants issued by the Company as of June 30, 2021:

 

Warrant Type

 

Number of Shares

Issuable Upon

Exercise

 

 

Weighted

Average

Exercise Price

 

 

Issue Date

 

Expiration Date

April 21 Funds Warrants

 

 

275,000

 

 

$

3.50

 

 

May 5, 2020

 

May 5, 2023

Summary of Common Stock Reserved for Future Issuance

Common Stock Reserved for Future Issuance

Common stock reserved for future issuance as of June 30, 2021 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

 

 

1,514,543

 

Employee Stock Purchase Plan

 

 

293,888

 

Shares of common stock available for grant under the 2011 Plan

 

 

1,011,418

 

Warrants to purchase common stock

 

 

275,000

 

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

 

 

7,541,449

 

Total

 

 

10,636,298