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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2022 and 2021 (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Series B Convertible Preferred Stock:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

24,715

 

 

$

23,539

 

 

$

24,117

 

 

$

22,969

 

Cumulative dividends on Series B convertible preferred stock

 

 

304

 

 

 

289

 

 

 

902

 

 

 

859

 

Balance at end of period

 

$

25,019

 

 

$

23,828

 

 

$

25,019

 

 

$

23,828

 

Number of Common Shares Issuable Upon Conversion:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares at beginning of period

 

 

6,179

 

 

 

5,885

 

 

 

6,029

 

 

 

5,742

 

Cumulative dividends on Series B convertible preferred stock

 

 

76

 

 

 

72

 

 

 

226

 

 

 

215

 

Number of shares at end of period

 

 

6,255

 

 

 

5,957

 

 

 

6,255

 

 

 

5,957

 

 

Summary of Outstanding Warrants

Below is the summary of outstanding warrants as of September 30, 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 September 30, 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

 

 

1,301,289

 

Employee Stock Purchase Plan

 

 

293,888

 

Shares of common stock available for grant under the 2011 Plan

 

 

858,346

 

Warrants to purchase common stock

 

 

275,000

 

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

 

 

7,541,449

 

Total

 

 

10,269,972