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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Summary of Shares of Common Stock Reserved

The Company has reserved for future issuances the following shares of common stock as of March 31, 2022 and December 31, 2021:

 

 

 

March 31,
2022

 

 

December 31,
2021

 

Stock options and restricted stock units

 

 

11,691,089

 

 

 

8,372,313

 

Warrants

 

 

10,687,912

 

 

 

10,687,912

 

Common stock issuable upon conversion of outstanding debt

 

 

1,219,512

 

 

 

2,439,024

 

Employee stock purchase plan

 

 

306,527

 

 

 

306,527

 

Total

 

 

23,905,040

 

 

 

21,805,776

 

 

Warrants

At March 31, 2022 and December 31, 2021, the Company had 10,687,912 warrants outstanding for the purchase of shares of common stock at a weighted average exercise price of $1.26. 10,678,872 warrants with an exercise price of $1.25 expire on July 16, 2026. 9,040 warrants with an exercise price of $11.06 expire on May 1, 2026. Additionally, in a concurrent private placement in connection with the registered direct offering completed in May 2022, the Company issued 22,438,575 warrants with an exercise price of $0.1694 and 1,256,561warrants with an exercise price of $0.20 that expire on May 3, 2027.