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Stockholders' Equity
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
STOCKHOLDERS' EQUITY

5. STOCKHOLDERS’ EQUITY

 

Common shares reserved

 

As of June 30, 2018, the Company had reserved 130,489 shares of common stock for issuance upon the exercise of outstanding common stock options and vesting of restricted stock units. Also, 286,597 shares of the Company’s common stock were reserved for future grants of stock options and restricted stock units (or other similar equity instruments) under the Rubicon Technology, Inc. 2016 Stock Incentive Plan (the “2016 Plan”) as of June 30, 2018.

 

Preferred stock

 

At the Company’s annual meeting of stockholders held on May 10, 2018, the Company’s stockholders approved an amendment to the Company’s Ninth Amended and Restated Certificate of Incorporation (as amended, the “Certificate of Incorporation”) to decrease the Company’s authorized number of shares of preferred stock from 5,000,000 shares to 1,000,000 shares. The Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to decrease the authorized number of preferred shares, consequently reducing the number of total authorized shares from 13,200,000 to 9,200,000.