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Common Stock
9 Months Ended
Sep. 30, 2021
Stockholders Equity Note [Abstract]  
Common Stock

13. Common Stock

The Company’s Certificate of Incorporation, as amended, authorized the Company to issue 150,000,000 shares of $0.0001 par value common stock as of December 31, 2020.

Common stockholders are entitled to dividends if and when declared by the Board of Directors subject to the prior rights of the preferred stockholders. As of September 30, 2021 and December 31, 2020, no dividends on common stock had been declared by the Board of Directors.

As of September 30, 2021, the Company’s outstanding warrants to purchase shares of common stock, consisted of the following:

 

 

Issuance Date

 

Number of

Shares of

Common

Stock Issuable

 

 

Exercise

Price

 

 

Classification

 

Expiration Date

September 15, 2020

 

 

101,610

 

 

$

11.3177

 

 

Equity

 

July 25, 2026

September 15, 2020

 

 

30,924

 

 

$

11.3177

 

 

Equity

 

August 21, 2026

September 15, 2020

 

 

77,312

 

 

$

11.3177

 

 

Equity

 

September 19, 2026

September 15, 2020

 

 

11,044

 

 

$

11.3177

 

 

Equity

 

September 26, 2026

 

 

 

220,890

 

 

 

 

 

 

 

 

 

 

The Company has the following shares of common stock reserved for future issuance:

 

 

 

September 30,
2021

 

 

December 31,
2020

 

Stock options available for future grant

 

 

2,693,496

 

 

 

1,739,621

 

Stock options issued and outstanding

 

 

4,276,356

 

 

 

3,706,945

 

Unvested restricted stock units

 

 

217,160

 

 

 

 

Common stock warrants issued and outstanding

 

 

220,890

 

 

 

226,191

 

Total

 

 

7,407,902

 

 

 

5,672,757