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Common Stock
12 Months Ended
Dec. 31, 2018
Text Block [Abstract]  
Common Stock

9. Common Stock

The Amended and Restated Certificate of Incorporation, authorizes the Company to issue 100,000,000 shares of common stock as of December 31, 2018. Common stockholders are entitled to dividends as and when declared by the Board of Directors, subject to the rights of holders of all classes of stock outstanding having priority rights as to dividends. There have been no dividends declared to date. The holder of each share of common stock is entitled to one vote.

The Company had reserved shares of common stock for future issuances as follows:

 

 

 

December 31,

 

 

 

2018

 

 

2017

 

Issuance of equity based awards under stock plan

 

 

1,201,581

 

 

 

 

Issuance upon exercise of options under stock plan

 

 

1,515,923

 

 

 

607,511

 

Issuance of restricted stock units under stock plan

 

 

117,597

 

 

 

419,163

 

Total

 

 

2,835,101

 

 

 

1,026,674

 

 

 

In connection with the completion of the Merger, on October 15, 2018, the amended and restated certificate of incorporation of the Company was amended to effect, at 12:01 a.m. Eastern Time on October 16, 2018, a reverse split of Company Common Stock at a ratio of 1-for-6 (the “Amended Certificate”). The accompanying financial statements and notes to financial statements give retroactive effect to the reverse stock split for all periods presented.