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Convertible Preferred Stock (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of Authorized, Issued and Outstanding Shares of Non-redeemable Convertible Preferred Stock

The authorized, issued and outstanding shares of non-redeemable convertible preferred stock as of December 31, 2022 consist of the following:

 

Shares

 

 

Shares Issued

 

 

Liquidation

 

 

Carrying

 

 

Authorized

 

 

and Outstanding

 

 

Preference

 

 

Value

 

 

 

 

 

 

 

 

(in thousands)

 

Series B

 

5,000,000

 

 

 

250,000

 

 

$

471

 

 

$

 

Series G

 

5,000,000

 

 

 

5,000,000

 

 

 

5,000

 

 

 

5

 

Series I-2

 

4,310

 

 

 

4,310

 

 

 

4,310

 

 

 

 

Total

 

10,004,310

 

 

 

5,254,310

 

 

$

9,781

 

 

$

5

 

The authorized, issued and outstanding shares of non-redeemable convertible preferred stock as of December 31, 2021 consist of the following:

 

Shares

 

 

Shares Issued

 

 

Liquidation

 

 

Carrying

 

 

Authorized

 

 

and Outstanding

 

 

Preference

 

 

Value

 

 

 

 

 

 

 

 

(in thousands)

 

Series B

 

5,000,000

 

 

 

250,000

 

 

$

456

 

 

$

 

Series G

 

5,000,000

 

 

 

5,000,000

 

 

 

5,000

 

 

 

5

 

Series I-2

 

4,310

 

 

 

4,310

 

 

 

4,310

 

 

 

 

Total

 

10,004,310

 

 

 

5,254,310

 

 

$

9,766

 

 

$

5

 

Summary of Number of Shares of Common Stock into Each Share of Preferred Stock Converted

The following table summarizes the number of shares of common stock into which each share of convertible preferred stock can be converted as of December 31, 2022:

 

 

 

 

 

 

 

Conversion

 

 

Initial

 

 

Current

 

 

Ratio to

 

 

Conversion

 

 

Conversion

 

 

Common

 

 

Price

 

 

Price

 

 

Stock

 

Series B

$

75.00

 

 

$

0.39

 

 

 

2.56

 

Series D

$

37.50

 

 

$

1.75

 

 

 

57,142.86

 

Series G

$

60.00

 

 

$

9.69

 

 

 

0.10

 

Series I-2

$

1.75

 

 

$

1.75

 

 

 

571.43