Preferred Stock

12 Months Ended

Dec. 31, 2018

Preferred Stock

Preferred Stock

8. Preferred Stock

On January 1, 2017, the Company had convertible preferred shares which were redeemable outstanding. On January 20, 2017, prior and subject to the consummation of the merger with Macrocure, all outstanding shares of the Company's convertible preferred stock were converted into 3,174,523 shares of common stock. Accretion of the preferred stock to redemption value during 2017 prior to conversion was $244.