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Stockholders Equity (Deficit) (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Summary of Preferred Units The following table summarizes information related to issuance of the Company’s preferred stock (in thousands, except number of shares and per share amounts):

 

 

 

As of December 31, 2020

 

 

 

Par Value

 

 

Date of
Issuance

 

Shares
Price at
Issuance

 

 

Shares
Authorized(1)

 

 

Shares
Issued and
Outstanding(1)

 

 

Liquidation
Preference

 

 

Carrying
Value (2)
Share Capital

 

Series A

 

$

0.001

 

 

Feb-2000

 

$

40.81

 

 

 

355,921

 

 

 

355,903

 

 

$

14,523

 

 

$

13,535

 

Series B

 

$

0.001

 

 

May-2003

 

$

9.07

 

 

 

1,741,452

 

 

 

1,741,399

 

 

 

15,795

 

 

 

39,715

 

Series C

 

$

0.001

 

 

Feb-2007

 

$

12.92

 

 

 

1,168,344

 

 

 

1,168,311

 

 

 

15,086

 

 

 

28,136

 

Series D

 

$

0.001

 

 

Aug-2009

 

$

18.08

 

 

 

663,808

 

 

 

663,728

 

 

 

12,000

 

 

 

18,503

 

Series E

 

$

0.001

 

 

Oct-2011

 

$

20.66

 

 

 

353,339

 

 

 

353,327

 

 

 

7,300

 

 

 

10,350

 

Series F

 

$

0.001

 

 

May-2012

 

$

25.83

 

 

 

507,744

 

 

 

499,159

 

 

 

12,891

 

 

 

18,305

 

Series G

 

$

0.001

 

 

Jun-2015

 

$

12.40

 

 

 

5,832,685

 

 

 

5,788,878

 

 

 

71,759

 

 

 

135,682

 

Series H

 

$

0.001

 

 

Feb-2017

 

$

12.40

 

 

 

5,949,499

 

 

 

3,805,567

 

 

 

47,174

 

 

 

89,074

 

 

 

 

 

 

 

 

 

 

 

 

16,572,792

 

 

 

14,376,272

 

 

$

196,528

 

 

$

353,300

 

(1) The shares authorized, issued and outstanding do not reflect any anti-dilution provisions of Series C, Series D, Series E and Series F as a result of the Series G financing.

(2) The carrying value reflects the gross proceeds received from the sale of the preferred stock less issuance costs and the fair value at issuance of preferred stock warrants classified as a liability, plus accretion of redemption value.
Summary Of Common Stock Equivalent Of Preferred Stock Due To Anti Dilution Provisions

The following table shows the common stock equivalent of preferred stock which was converted as a result of the anti-dilution provisions enacted during the Series G financing.

o

 

 

Fully Diluted on Conversion (1)

 

Converted Shares

 

12/31/2020

 

 

 

 

 

Series A

 

 

355,903

 

Series B

 

 

1,741,399

 

Series C

 

 

1,197,590

 

Series D

 

 

772,963

 

Series E

 

 

429,766

 

Series F

 

 

758,941

 

Series G

 

 

5,788,878

 

Series H

 

 

3,805,567

 

Total

 

 

14,851,007

 

(1) Excludes preferred stock warrants see Note 11 – Convertible Preferred Stock Warrants.

 

 

 

 

Summary of Common Stock Reserved For Future Issuance

Common stock reserved for future issuance consisted of the following:

 

 

 

December 31, 2021

 

 

December 31, 2020

 

Conversion of preferred stock

 

 

 

 

 

14,851,007

 

Preferred stock warrants

 

 

 

 

 

225,945

 

Common stock warrant

 

 

 

 

 

1

 

Stock options issued and outstanding under the 2006, 2015 and 2021 plans

 

 

5,754,005

 

 

 

4,201,935

 

Restricted stock units

 

 

640,479

 

 

 

 

Employee stock purchase plan

 

 

484,027

 

 

 

 

Total shares of common stock issued or reserved

 

 

6,878,511

 

 

 

19,278,888