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Common and Preferred Stock
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Common and Preferred Stock
Common and Preferred Stock
The Company's certificate of incorporate as amended and restated in October 2018, authorizes the Company to issue 100,000,000 shares of common stock and 5,000,000 shares of preferred stock, each having a par value of $0.0001. Common stock issued and outstanding as of December 31, 2019 and 2018 were 25,163,803 shares and 24,450,757 shares, respectively. As of December 31, 2019 and 2018, there was no preferred stock issued and outstanding. See “Note 14 - Subsequent Events” in the accompanying Notes to Consolidated Financial Statements for discussions regarding issuance of additional common stock through a subsequent public offering.
The holders of common stock are entitled to receive dividends whenever funds are legally available, as, when, and if declared by the Board of Directors. There have been no dividends declared to date.