Capital Stock

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Capital Stock

Note 12. Capital Stock

Preferred Stock

Under its amended and restated certificate of incorporation, the Company’s Board of directors (the “Board”) may, without further action by the Company’s stockholders, fix the rights, preferences, privileges and restrictions of up to an aggregate of 10,000,000 shares of preferred stock in one or more series and authorize their issuance. These rights, preferences and privileges could include dividend rights, conversion rights, voting rights, terms of redemption, liquidation preferences and the number of shares constituting any series or the designation of such series, any or all of which may be greater than the rights of common stock. Any issuance of preferred stock could adversely affect the voting power of holders of common stock and the likelihood that such holders would receive dividend payments and payments on liquidation. In addition, the issuance of preferred stock could have the effect of delaying, deterring or preventing a change of control or other corporate action. No shares of preferred stock were issued or outstanding as of June 30, 2022.

Common Stock

Under its amended and restated certificate of incorporation, the Company is authorized to issue 200,000,000 shares of common stock, having a par value per share of $0.001.

Common stockholders are entitled to dividends as and when declared by the Board, 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. Under the Loan Agreement, as amended, the Company is precluded from the payment of dividends. The holder of each share of common stock is entitled to one vote.

The Company had shares of common stock reserved for future issuance upon the exercise or conversion of the following:

	June 30,		December 31,
	2022		2021
Common stock option grants issued and outstanding under 2014 Equity Incentive Plan		3,112,459		3,245,250
Common stock reserved for issuance under the 2022 Inducement Plan		3,479,175		—
Common stock reserved for issuance under the 2021 Equity Incentive Plan		3,025,323		1,578,216
Common stock option grants issued and outstanding under the 2021 Equity Incentive Plan		836,112		467,024
Restricted common stock units issued and outstanding		3,368,100		3,387,505
Warrants to purchase common stock		119,284		—
Common stock reserved for issuance under Employee Stock Purchase Plan		1,029,014		710,189
Total common shares reserved for future issuance		14,969,467		9,388,184