Redeemable Convertible Preferred Stock

12 Months Ended

Dec. 31, 2020

Temporary Equity Disclosure [Abstract]

Upon the closing of the Company's IPO, all shares of redeemable convertible preferred stock then outstanding converted into shares of common stock. As of December 31, 2020 and 2019, the Company does not have any redeemable convertible preferred stock issued or outstanding.

Redeemable Convertible Preferred Stock Warrants

Upon the closing of the Company's IPO, all of the outstanding redeemable convertible preferred stock warrants were exercised, or net exercised based on the IPO price of $20.00 per share, into 1,945,365 shares of common stock. As of December 31, 2020 and 2019, the Company does not have any redeemable convertible preferred stock warrants outstanding.

Stockholders' Equity (Deficit)

Preferred Stock

At December 31, 2020, the Company’s certificate of incorporation, as amended and restated, authorizes the Company to issue up to 5,000,000 shares of preferred stock with $0.001 par value per share, of which no shares were issued and outstanding.

Common Stock

At December 31, 2020, the Company’s certificate of incorporation, as amended and restated, authorizes the Company to issue up to 100,000,000 shares of common stock with $0.001 par value per share, of which 34,249,649 shares were issued and outstanding. The holders of common stock are also entitled to receive dividends whenever funds are legally available, when and if declared by the Board of Directors. As of December 31, 2020, no dividends have been declared to date. Each share of common stock is entitled to one vote.

At December 31, 2020 and 2019, the Company had reserved common stock for future issuances as follows:


	December 31,
	2020	2019
Exercise of options under stock plan	4,237,828	4,310,790
Issuance of options and restricted stock units under stock plan	1,790,687	1,554,690
Issuance of common stock under employee stock purchase plan	632,377	372,352
	6,660,892	6,237,832

Common Stock Warrants

In connection with the IPO, the common stock warrants were cash, or net exercised based on the IPO price of $20.00 per share into 5,968 shares of common stock. As of December 31, 2020 and 2019, the Company does not have any common stock warrants outstanding.