Capital Stock

12 Months Ended

Dec. 31, 2023

Capital Stock [Abstract]

Capital Stock

14.  Capital Stock

We are authorized to issue 62,000,000 total shares of capital stock, of which, 60,000,000 are designated as common stock and 2,000,000 are designated as preferred stock. Our Board of Directors has the authority to establish one or more classes of stock and to determine, within any class of stock, the preferences, rights and other terms of such class.

As of December 31, 2023, the Company has reserved 750,000 shares of common stock for issuance under the Plan (as further defined below); zero shares of common stock are reserved for issuance upon exercise of outstanding stock options pursuant to the Plan (because no options have presently been granted, and 164,837 shares of common stock are reserved for issuance upon vesting of certain outstanding restricted stock units. There are no shares available for future grants under the Plan (as further defined below).

The Company has registered approximately 1.7 million shares related to the Convertible Notes and separately reserved such shares for the potential issuance in accordance with the terms of the Convertible Notes (Note 12). As of December 31, 2023, 1.5 million shares remain in this plan for issuance.