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Redeemable Convertible Preferred Stock and Stockholders’ Deficit
12 Months Ended
Dec. 31, 2018
Stockholders Equity Note [Abstract]  
Redeemable Convertible Preferred Stock and Stockholders’ Deficit

9.

Redeemable Convertible Preferred Stock and Stockholders’ Deficit

Preferred Stock

The Company issued Series 1 redeemable convertible preferred stock (“Series 1”), Series 2 redeemable preferred  stock  (“Series  2”),  Series  AA  redeemable  convertible  preferred  stock  (“Series AA”), Series B redeemable convertible preferred stock (“Series B”), Series C-1, Series C-2 redeemable convertible preferred stock (“Series C-2”), Series C-3 redeemable convertible preferred stock (“Series C-3”), and Series D (collectively, “Preferred Stock”). Upon the closing of the IPO on October 22, 2018, all shares of Preferred Stock were automatically converted into an aggregate of 13,200,115 shares of common stock.

 

As of December 31, 2017, the authorized, issued, and outstanding shares of Preferred Stock and their carrying amounts and liquidation values were as follows:

 

 

 

 

 

 

 

Shares Issued

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

and

 

 

Carrying

 

 

Liquidation

 

 

 

Authorized

 

 

Outstanding

 

 

Amount

 

 

Value

 

Series 1

 

 

132,255

 

 

 

132,255

 

 

$

522,266

 

 

$

526,778

 

Series 2

 

 

1

 

 

 

1

 

 

 

240,242

 

 

 

250,000

 

Series AA

 

 

575,470

 

 

 

573,961

 

 

 

7,615,583

 

 

 

7,619,998

 

Series B

 

 

6,382,259

 

 

 

6,251,502

 

 

 

60,366,480

 

 

 

60,379,282

 

Series C-1

 

 

4,524,375

 

 

 

2,174,280

 

 

 

20,888,972

 

 

 

20,999,997

 

Series C-2

 

 

916,095

 

 

 

 

 

 

 

 

 

 

Series C-3

 

 

790,895

 

 

 

 

 

 

 

 

 

 

Total

 

 

13,321,350

 

 

 

9,131,999

 

 

$

89,633,543

 

 

$

89,776,055

 

 

Conversion

All shares of Preferred Stock were automatically converted into an aggregate of 13,200,115 shares of common stock upon the closing of the IPO on October 22, 2018.