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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2022
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 dividend activity for the three months ended March 31, 2022 and 2021 (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Series B Convertible Preferred Stock:

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

24,117

 

 

$

22,969

 

Cumulative dividends on Series B convertible preferred stock

 

 

298

 

 

 

284

 

Balance at end of period

 

$

24,415

 

 

$

23,253

 

Number of Common Shares Issuable Upon Conversion:

 

 

 

 

 

 

 

 

Number of shares at beginning of period

 

 

6,029

 

 

 

5,742

 

Cumulative dividends on Series B convertible preferred stock

 

 

75

 

 

 

71

 

Number of shares at end of period

 

 

6,104

 

 

 

5,813

 

 

Summary of Outstanding Warrants Issued by Company

Below is the summary of outstanding warrants issued by the Company as of March 31, 2022:

 

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 March 31, 2022 was as follows:

 

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

     performance stock units ("PSUs"), and issuance of RSUs vested but not released

 

 

1,448,112

 

Employee Stock Purchase Plan

 

 

293,888

 

Shares of common stock available for grant under the 2011 Plan

 

 

902,090

 

Warrants to purchase common stock

 

 

275,000

 

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

 

 

7,541,449

 

Total

 

 

10,460,539