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Common Stock
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Common Stock

10. Common Stock

As of March 31, 2022 and December 31, 2021, the Company’s certificate of incorporation authorized the Company to issue 300,000,000 shares of common stock, at the par value of $0.0001 per share. The holder of each share of common stock is entitled to one vote per share.

Common stockholders are entitled to dividends, if and when declared by the board of directors. To date, no dividends on common stock have been declared by the board of directors.

As of March 31, 2022 and December 31, 2021, the Company has reserved common stock, on an as-converted basis, for future issuance as follows:

 

 

 

March 31,
2022

 

 

December 31,
2021

 

Issuance of common stock under the 2020 Equity Incentive Award Plan

 

 

3,312,646

 

 

 

2,690,097

 

Issuance of common stock under the Employee Stock Purchase Plan

 

 

523,747

 

 

 

498,747

 

Exercise of options issued and outstanding

 

 

4,830,410

 

 

 

3,881,274

 

Exercise of common stock warrants

 

 

53,669

 

 

 

53,669

 

Total common stock reserved for future issuance

 

 

8,720,472

 

 

 

7,123,787