XML 57 R18.htm IDEA: XBRL DOCUMENT v3.22.1
Stockholders' Equity
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Stockholders' Equity

11. Stockholders’ Equity

Preferred Stock

In connection with the closing of the IPO, the Company filed an Amended Certificate of Incorporation and authorized 10,000,000 shares of preferred stock, with a par value of $0.001 per share. The board of directors has the authority, without further action by the stockholders to issue such shares of preferred stock in one or more series, to establish from time to time the number of shares to be included in each such series, and to fix the dividend, dividend rights, conversion rights, voting, redemption terms, liquidation preference and other rights, preferences and privileges of the shares. There were no issued and outstanding shares of preferred stock as of December 31, 2021.

Common Stock

The Company was authorized to issue up to 190,000,000 and 40,300,000 shares of common stock as of December 31, 2021 and 2020, respectively, of which 32,792,867 and 2,177,956 shares were issued as of December 31, 2021 and 2020, respectively, 32,222,881 and 1,289,342 shares were outstanding at December 31, 2021 and 2020, respectively.

Voting, dividend and liquidation rights of the holders of the common stock are subject to and qualified by the rights, powers and preferences of the holders of the preferred stock.

Voting—Each holder of outstanding shares of common stock shall be entitled to one vote in respect of each share.

Reserved SharesThe Company reserved the following shares of common stock for issuance:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Series A convertible preferred stock

 

 

 

 

 

3,573,659

 

Unvested restricted stock options

 

 

618,494

 

 

 

888,612

 

Stock options available for issuance

 

 

1,289,259

 

 

 

35,585

 

Stock options outstanding

 

 

5,926,969

 

 

 

220,383

 

Employee stock purchase plan

 

 

424,595

 

 

 

 

Total

 

 

8,259,317

 

 

 

4,718,239