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Equity and Warrants (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2021 | Dec. 31, 2020
Equity and Warrants |  |
Summary of fully diluted capital structure | The following table summarizes our fully diluted capital structure at March 31, 2021:
Issued and outstanding common shares |  | 87,355,733
Earnout common shares (Note 1 and Note 8) |  | 4,099,999
Total common shares issued and outstanding |  | 91,455,732
Common shares reserved for future issuance: |  |
Public warrants |  | 537,377
Private warrants |  | 5,700,000
Common stock options outstanding - 2012 Equity Plan |  | 6,199,325
Restricted stock units (Note 8) |  | 1,282,327
2020 Equity Plan pool reserved for future issuance (Note 8) |  | 11,005,115
Total shares of common stock outstanding and reserved for future issuance |  | 116,179,876
| The following table summarizes our fully diluted capital structure at December 31, 2020:
Issued and outstanding common shares |  | 75,519,151
Earnout common shares (Note 1A and Note 8) |  | 6,150,000
Total common shares issued and outstanding |  | 81,669,151
Common shares reserved for future issuance: |  |
Public warrants |  | 8,625,000
Private warrants |  | 5,700,000
Common stock options outstanding - 2012 Equity Plan (Note 8) |  | 6,414,611
Restricted stock units (Note 8) |  | 2,415,140
Restricted stock awards (Note 8) |  | 166,762
2020 Equity Plan pool reserved for future issuance (Note 8) |  | 11,137,824
Total shares of common stock outstanding and reserved for future issuance |  | 116,128,488
Schedule of warrant activity |  |
|  | Redeemable Convertible |  |  |  |  |  |
|  | Preferred Stock |  | Common Stock
|  |  |  | Weighted- |  |  |  |  | Weighted-
|  |  |  | Average |  |  |  |  | Average
|  | Number of |  | Exercise |  | Number of |  | Exercise
|  | Warrants |  | Price |  | Warrants |  | Price
Balances as of January 1, 2020 |  | 965,157 |  | $ | 4.39 |  |  | 2,095,074 |  | $ | 2.02
Warrants granted |  | 209,384 |  |  | 5.62 |  |  | 73,538 |  |  | 1.77
Warrants exercised |  | — |  |  | — |  |  | — |  |  | —
Warrants cancelled |  | (1,174,541) |  |  | 4.60 |  |  | (2,168,612) |  |  | 2.02
Balances as of December 31, 2020 |  | — |  | $ | — |  | $ | — |  | $ | —

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- Definition Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (27) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764 + Details
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