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Redeemable Convertible Preferred Stock | 6 Months Ended
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Jun. 30, 2020
Redeemable Convertible Preferred Stock |
Redeemable Convertible Preferred Stock | 11. Redeemable Convertible Preferred Stock ​ Series E Preferred Stock ​ In November 2018, the Company issued an aggregate of 35,000 shares of the Company’s Series E Preferred Stock in a private placement to certain accredited investors in reliance on Section 4(a)(2) of the Securities Act. The Company received net proceeds of approximately $30.9 million, after deducting placement agent fees and expenses payable by the Company. The Company is required to redeem the Series E Preferred Stock in thirteen monthly installments in the amount of $2.7 million each from May 2019 through May 2020. The Company had zero and 500 shares of Series E Preferred Stock outstanding at June 30, 2020 and 2019, respectively. The remaining 500 shares were converted to common stock in January 2020. ​ Series C Preferred Stock ​ In April 2020, 870 shares of Series C Preferred Stock were converted to 923,819 shares of common stock. In May 2020, remaining the 1,750 shares of Series C Preferred Stock were converted into 1,858,256 shares of common stock.

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- Definition The entire disclosure for terms, amounts, nature of changes, rights and privileges, dividends, and other matters related to preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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