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Stockholder’s Equity (Tables)
9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Schedule of Preferred Stock

As of September 30, 2020 and December 31, 2019, Preferred Stock consisted of the following (in thousands, except share data):

 

 

 

SEPTEMBER 30, 2020

 

 

 

PREFERRED

STOCK

AUTHORIZED

 

 

PREFERRED

STOCK

ISSUED AND

OUTSTANDING

 

 

CARRYING

VALUE

 

 

LIQUIDATION

VALUE

 

 

COMMON

STOCK

ISSUABLE

UPON

CONVERSION

 

Series Seed Preferred Stock

 

 

4,000,000

 

 

 

4,000,000

 

 

$

1,000

 

 

$

1,000

 

 

 

474,298

 

Series A Preferred Stock

 

 

110,000,000

 

 

 

109,145,900

 

 

 

109,995

 

 

 

109,995

 

 

 

12,941,857

 

Series B Convertible Preferred Stock

 

 

150,000,000

 

 

 

142,857,142

 

 

 

145,525

 

 

 

145,525

 

 

 

16,939,224

 

 

 

 

264,000,000

 

 

 

256,003,042

 

 

$

256,520

 

 

$

256,520

 

 

 

30,355,379

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DECEMBER 31, 2019

 

 

 

PREFERRED

STOCK

AUTHORIZED

 

 

PREFERRED

STOCK

ISSUED AND

OUTSTANDING

 

 

CARRYING

VALUE

 

 

LIQUIDATION

VALUE

 

 

COMMON

STOCK

ISSUABLE

UPON

CONVERSION

 

Series Seed Preferred Stock

 

 

4,000,000

 

 

 

4,000,000

 

 

$

1,000

 

 

$

1,000

 

 

 

474,298

 

Series A Preferred Stock

 

 

110,000,000

 

 

 

109,145,900

 

 

 

109,995

 

 

 

109,995

 

 

 

12,941,857

 

FF Preferred Stock

 

 

32,760,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

146,760,000

 

 

 

113,145,900

 

 

$

110,995

 

 

$

110,995

 

 

 

13,416,155