Common Stock

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Common Stock

13. Common Stock

In October 2015, the Company’s board of directors and stockholders approved the Company’s amended and restated certificate of incorporation. The amended and restated certificate of incorporation was effective as of October 14, 2015, and provides for 75,000,000 authorized shares of common stock with a par value of $0.00001 per share and 10,000,000 shares of preferred stock with a par value of $0.00001 per share.

Common stockholders are entitled to dividends if and when declared by the Board of Directors subject to the prior rights of the preferred stockholders. As of March 31, 2016 and December 31, 2015, no dividends on common stock had been declared by the Board of Directors.

The Company had reserved shares of common stock for issuance, on an as-converted basis, as follows:

	March 31, 2016		December 31, 2015
Options issued and outstanding		6,125,654		5,270,751
Shares available for future stock option grants		2,927,926		2,401,406
		9,053,580		7,672,157