Stockholders' Equity

9 Months Ended

Sep. 30, 2023

Class of Stock Disclosures [Abstract]

Stockholders' Equity

Note 11. 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.

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

	September 30, 2023		December 31, 2022
Stock options issued and outstanding		2,046		2,065
Stock awards issued and outstanding		764		581
Authorized for grants under the 2016 Equity Incentive Plan(2)		423		507
Authorized for grants under the Inducement Plan(3)		335		294
Authorized for grants under the 2016 Employee Stock Purchase Plan(4)		440		378
		4,008		3,825

(1) The table above excludes 541,000 treasury stock shares as of September 30, 2023 and December 31, 2022.

(2) On January 1, 2023, the number of authorized shares in the 2016 Plan increased by 431,000 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, 2023, 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.