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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2024
Class of Stock Disclosures [Abstract]  
Schedule of Common Stock Reserved for Future Issuance

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

 

 

As of December 31,

 

 

 

2024

 

 

2023

 

Stock options issued and outstanding

 

 

2,376

 

 

 

2,104

 

Stock awards issued and outstanding

 

 

945

 

 

 

817

 

Authorized for grants under the 2016 Plan(2)

 

 

164

 

 

 

448

 

Authorized for grants under the Inducement Plan(3)

 

 

210

 

 

 

174

 

Authorized for grants under the 2016 Employee Stock Purchase Plan(4)

 

 

494

 

 

 

540

 

 

 

 

4,189

 

 

 

4,083

 

(1)
Treasury stock of 541,000 shares as of December 31, 2024 and 2023 are excluded from the table above.
(2)
On January 1 ,2024, the number of authorized shares in the 2016 Plan increased by 440,000 shares pursuant to the evergreen provisions of the 2016 Plan.
(3)
On February 5, 2021, 300,000 shares were authorized pursuant to the terms of the Inducement Plan.
(4)
On January 1, 2024, the number of authorized shares in the 2016 Employee Stock Purchase Plan increased by 100,000 shares pursuant to the evergreen provisions of the 2016 Employee Stock Purchase Plan.
ScheduleOfTheCompanysAtmSalesActivityTabletextblock The following table summarizes the Company’s ATM sales activity during the period indicated (in thousands):

 

 

For the year ended December 31, 2024

 

Shares issued

 

 

760

 

Gross proceeds

 

$

4,493

 

Net proceeds after offering costs

 

$

4,116