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Common Stock | 6 Months Ended
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Jun. 30, 2020
Common Stock |
Common Stock | 7. Common Stock ​ As of June 30, 2020, the amended and restated certificate of incorporation authorizes the Company to issue 290 million shares of common stock and 10 million shares of preferred stock. ​ Each share of common stock is entitled to one vote. Common stockholders are entitled to dividends if and when declared by the board of directors. As of June 30, 2020, no dividends on common stock had been declared. ​ In March 2020, the Company entered into an open market sale agreement (the “Sales Agreement”) with Jefferies LLC (“Jefferies”) to sell shares of the Company’s common stock, from time to time, with aggregate gross sales proceeds of up to $50,000,000, through an at-the-market equity offering program under which Jefferies will act as its sales agent. The issuance and sale of shares of common stock by the Company pursuant to the Sales Agreement are deemed an “at-the-market” offering under the Securities Act of 1933, as amended. Jefferies is entitled to compensation for its services equal to up to 3.0% of the gross proceeds of any shares of common stock sold through Jefferies under the Sales Agreement. As of June 30, 2020, the Company had received no proceeds from the sale of shares of common stock pursuant to the Sales Agreement. ​ The Company has reserved shares of common stock for issuance as follows: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31, | ​
​ |  | 2020 |  | 2019 |
Exchange warrants |  | 1,458,000 | ​ | 1,458,000 |
Shares available for future option grants | ​ | 2,822,995 | ​ | 1,704,183 | ​
Outstanding options |  | 5,561,098 | ​ | 5,643,410 |
Shares reserved for employee stock purchase plan |  | 400,000 | ​ | 400,000 |
Total |  | 10,242,093 | ​ | 9,205,593 |
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + 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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