Stockholders' Equity

6 Months Ended

Jun. 30, 2021

Class Of Stock Disclosures [Abstract]

Note 13. Stockholders’ Equity

In August 2016, the Company's Board adopted the 2016 Equity Inventive Plan (the 2016 Plan) for employees, directors and consultants. In February 2021, the Board adopted the 2021 Employment Inducement Incentive Award Plan (Inducement Plan), which provides for grants of equity-based awards, of which 300,000 shares were initially reserved under the Inducement Plan. In connection with the NimbeLink acquisition, the Company assumed the NimbeLink Corp 2016 Stock Incentive Plan and stock options to purchase 22,871 shares of common stock issuable thereunder.

The following table presents common stock reserved for future issuance(1) (in thousands):


	June 30,		December 31,
	2021		2020
Warrants issued and outstanding		10		51
Stock option awards issued and outstanding		1,919		1,760
Authorized for grants under the 2016 Equity Incentive Plan(2)		424		357
Authorized for grants under the Inducement Plan(3)		155		—
Authorized for grants under the 2016 Employee Stock Purchase Plan(4)		343		256
		2,851		2,424

(1) Treasury stock in the amount of 534,000 as of June 30, 2021 and December 31, 2020 are excluded from the table above.

(2) On January 1, 2021, the number of authorized shares in the 2016 Plan increased by 391,356 shares pursuant to the evergreen provisions of the 2016 Plan.

(3) On January 7, 2021, 300,000 shares were authorized pursuant to the terms of the Inducement Plan; 147,500 shares were issued under the Inducement Plan during the six months ended June 30, 2021

(4) On January 1, 2021, the number of authorized shares in the 2016 Employee Stock Purchase Plan increased by 98,000 shares pursuant to the evergreen provisions of the 2016 Employee Stock Purchase Plan.