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Convertible Preferred Stock (Tables)
12 Months Ended
Dec. 31, 2022
Temporary Equity Disclosure [Abstract]  
Schedule of Numbers of Authorized and Outstanding Shares of Convertible Preferred Stock

As of December 31, 2020, the numbers of authorized and outstanding shares in the Convertible Preferred Stock, with their total respective liquidation preferences, were as follows (in thousands, except share and per share data):

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

Liquidation

 

 

Carrying

 

 

 

Par Value

 

Authorized

 

 

Outstanding

 

 

preference

 

 

Value

 

Series:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Series Seed-1 Convertible Preferred Stock

 

$0.000001

 

 

4,200,000

 

 

 

4,200,000

 

 

$

4,200

 

 

$

4,200

 

Series Seed-2 Convertible Preferred Stock

 

$0.000001

 

 

2,188,322

 

 

 

2,188,322

 

 

 

2,998

 

 

 

2,998

 

Series A-1 Convertible Preferred Stock

 

$0.000001

 

 

4,211,094

 

 

 

4,211,094

 

 

 

8,800

 

 

 

8,704

 

Series A-2 Convertible Preferred Stock

 

$0.000001

 

 

1,591,230

 

 

 

1,591,230

 

 

 

12,884

 

 

 

12,839

 

Series B Convertible Preferred Stock

 

$0.000001

 

 

4,132,055

 

 

 

4,044,271

 

 

 

20,764

 

 

 

20,347

 

Series C Convertible Preferred Stock

 

$0.000001

 

 

3,754,201

 

 

 

3,754,201

 

 

 

26,248

 

 

 

26,004

 

Series D Convertible Preferred Stock

 

$0.000001

 

 

5,494,064

 

 

 

5,494,064

 

 

 

54,933

 

 

 

54,864

 

Series E Convertible Preferred Stock

 

$0.000001

 

 

2,400,000

 

 

 

2,275,759

 

 

 

32,693

 

 

 

30,757

 

Totals

 

 

 

 

27,970,966

 

 

 

27,758,941

 

 

$

163,520

 

 

$

160,713

 

Schedule of Reconciliation of Convertible Preferred Stock Reacquired and Reissued in 2021

The following table is a reconciliation of the Convertible Preferred Stock reacquired and reissued in 2020 (in thousands, except share data):

 

 

 

2019

 

 

2020

 

 

2020

 

 

2020

 

 

 

2019

 

 

2020

 

 

2020

 

 

2020

 

 

 

Outstanding
Convertible
Preferred
Stock

 

 

Convertible
Preferred
Stock
Repurchased

 

 

Convertible
Preferred
Issued

 

 

Outstanding
Convertible
Preferred
Stock

 

 

 

Carrying
Value

 

 

Cash Paid to
Reacquire
Convertible
Preferred
Stock

 

 

Convertible
Preferred
Issuance

 

 

Carrying
Value

 

Series:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Series Seed-1 Convertible
   Preferred Stock

 

 

4,200,000

 

 

 

 

 

 

 

 

 

4,200,000

 

 

 

$

4,200

 

 

$

 

 

$

 

 

$

4,200

 

Series Seed-2 Convertible
   Preferred Stock

 

 

2,188,322

 

 

 

 

 

 

 

 

 

2,188,322

 

 

 

 

2,998

 

 

 

 

 

 

 

 

 

2,998

 

Series A-1 Convertible
   Preferred Stock

 

 

4,211,094

 

 

 

 

 

 

 

 

 

4,211,094

 

 

 

 

8,704

 

 

 

 

 

 

 

 

 

8,704

 

Series A-2 Convertible
   Preferred Stock

 

 

1,591,230

 

 

 

(1,136,622

)

 

 

1,136,622

 

 

 

1,591,230

 

 

 

 

6,957

 

 

 

(5,001

)

 

 

10,883

 

 

 

12,839

 

Series B Convertible
   Preferred Stock

 

 

4,044,271

 

 

 

(390,152

)

 

 

390,152

 

 

 

4,044,271

 

 

 

 

18,612

 

 

 

(2,001

)

 

 

3,736

 

 

 

20,347

 

Series C Convertible
   Preferred Stock

 

 

3,754,201

 

 

 

(405,453

)

 

 

405,453

 

 

 

3,754,201

 

 

 

 

24,756

 

 

 

(2,700

)

 

 

3,948

 

 

 

26,004

 

Series D Convertible
   Preferred Stock

 

 

5,494,064

 

 

 

(314,659

)

 

 

314,659

 

 

 

5,494,064

 

 

 

 

54,929

 

 

 

(3,150

)

 

 

3,085

 

 

 

54,864

 

Series E Convertible
   Preferred Stock

 

 

 

 

 

 

 

 

2,275,759

 

 

 

2,275,759

 

 

 

 

 

 

 

 

 

 

30,757

 

 

 

30,757

 

Totals

 

 

25,483,182

 

 

 

(2,246,886

)

 

 

4,522,645

 

 

 

27,758,941

 

 

 

$

121,156

 

 

$

(12,852

)

 

$

52,409

 

 

$

160,713

 

Deemed dividend paid to
   preferred stockholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(8,801

)

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(21,653

)