Redeemable Preferred Stock

9 Months Ended

Sep. 30, 2020

Temporary Equity Disclosure [Abstract]

Redeemable Preferred Stock

Redeemable Preferred Stock

Holders of shares of the Company Preferred Stock will be entitled to receive, when, as and if, authorized by the Company’s board of directors (or a duly authorized committee of Digirad board of directors) and declared by the Company out of funds legally available for the payment of dividends, preferential cumulative cash dividends at the rate of 10.0% per annum of the liquidation preference of $10.00 per share. Dividends will be payable quarterly, in arrears, on the last calendar day of March, June, September and December to holders of record at the close of business on the first day of each payment month. As of September 30, 2020, the Company’s board has not declared a dividend on the Company Preferred Stock.

A roll forward of the balance of Company Preferred Stock for the year ended September 30, 2020 is as follows (in thousands):

Balance at December 31, 2019	$	19,602
Deemed dividend on redeemable convertible preferred stock	1,442
Fees paid on issuance of preferred stock	(3)
Balance at September 30, 2020	$	21,041