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Redeemable Convertible Preferred Stock | 9 Months Ended
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Sep. 30, 2016
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Redeemable Convertible Preferred Stock | 9. Redeemable Convertible Preferred Stock In April 2016, 1,999,998 shares of Series B redeemable convertible preferred stock were issued in connection with the exercise of warrants for cash proceeds of $20,000. Following the closing of the IPO, all outstanding shares of the redeemable convertible preferred stock converted into 8,577,571 shares of common stock and the related carrying value was reclassified to common stock and additional paid-in capital. There were no shares of redeemable convertible preferred stock outstanding as of September 30, 2016. The table below provides information on the Company’s redeemable convertible preferred stock as of December 31, 2015 (in thousands, except shares and original issue price):
|  |  |  |  | Shares |  |  |  |  |  |  |
|  | Original Issue Price |  |  | Authorized |  |  | Issued and Outstanding |  |  | Carrying Value |  |  | Aggregate Liquidation Preference |
Series A |  | $ | 1.00 |  |  |  | 6,037,500 |  |  |  | 6,037,500 |  |  | $ | 1,751 |  |  | $ | 6,038 |
Series B |  | $ | 0.50 |  |  |  | 40,000,000 |  |  |  | 36,000,000 |  |  |  | 18,825 |  |  |  | 18,000 |
Series C |  | $ | 0.4979 |  |  |  | 80,337,411 |  |  |  | 35,147,617 |  |  |  | 16,420 |  |  |  | 17,500 |
Total redeemable convertible preferred stock |  |  |  |  |  |  | 126,374,911 |  |  |  | 77,185,117 |  |  | $ | 36,996 |  |  | $ | 41,538 |
The Company recorded $293,000 and $558,000 for the accretion of the redeemable convertible preferred stock during the three and nine months ended September 30, 2016, respectively. The Company recorded $36,000 for the accretion of the redeemable convertible preferred stock during the three and nine months ended September 30, 2015.

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