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Related-Party Transactions (Tables)
3 Months Ended
Mar. 31, 2021
Related Party Transactions [Abstract]  
Summary of Terms of Letter Agreements

Certain terms of the December 23, 2019 Letter Agreement are set forth in the table below:

 

 

 

December 23, 2019 Letter Agreement

 

Aggregate dollar value to be sold under agreement

 

$10.0 million

 

Specified purchase price per share

 

$

1.60

 

Expiration date of letter agreement

 

December 23, 2020

 

Shares available to be issued under related warrants

 

 

365,472

 

Exercise price of related warrants

 

$

1.84

 

Expiration date of related warrants

 

December 23, 2026

 

Total shares issued as of March 31, 2021

 

 

6,250,000

 

Remaining shares to be issued as of March 31, 2021