Reserved for Future Issuance

9 Months Ended

Sep. 30, 2021

Reserved for Future Issuance

Reserved for Future Issuance

8.     Reserved for Future Issuance

The Company has reserved for future issuance the following shares of common stock:

	September 30,	December 31,
	2021	2020
Series X Preferred Stock	5,242,501	—
Warrants for the purchase of common stock	1,530,380	1,032,291
Options outstanding to purchase common stock	1,334,399	227,846
Options available for future issuance to purchase common stock	254,748	322,695
Shares reserved for the employee stock purchase plan	30,904	24,825
Total	8,392,932	1,607,657

As of September 30, 2021, the Company also had 31,455 shares of Series X Preferred Stock outstanding. Each share of Series X Preferred Stock outstanding is convertible into 166.67 shares of the Company’s common stock, subject to certain beneficial ownership limitations at the holder’s option. See Note 1 – “Organization and Operations” for additional detail.