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Common Stock
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Common Stock

12. Common Stock

As of each of December 31, 2021 and 2020, the Company’s certificate of incorporation authorized the Company to issue 300,000,000 shares of common stock, at the par value of $0.0001 per share. The holder of each share of common stock is entitled to one vote per share.

Common stockholders are entitled to dividends if and when declared by the board of directors, subject to the prior rights of the redeemable preferred stockholders. As of December 31, 2021 and 2020, no dividends on common stock had been declared by the board of directors.

As of December 31, 2021 and 2020, the Company has reserved common stock, on an as-converted basis, for future issuance as follows:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Issuance of common stock under the 2020 Equity Incentive Plan

 

 

2,690,097

 

 

 

2,606,546

 

Issuance of common stock under the Employee Stock Share Purchase Plan

 

 

498,747

 

 

 

252,337

 

Exercise of options issued and outstanding

 

 

3,881,274

 

 

 

3,194,113

 

Exercise of common stock warrants

 

 

53,669

 

 

 

98,669

 

Total common stock reserved

 

 

7,123,787

 

 

 

6,151,665