Stockholders' Equity

6 Months Ended

Jun. 30, 2022

Stockholders' Equity Note [Abstract]

Stockholders' Equity

10. Stockholders' Equity

Common Stock and Warrants

The Company’s Certificate of Incorporation, as amended, authorized the Company to issue 150,000,000 shares of $0.0001 par value common stock as of December 31, 2021.

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 June 30, 2022, no dividends on common stock had been declared by the Board of Directors.

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

	June 30, 2022		December 31, 2021
Stock options available for future grant		3,143,400		1,961,338
Stock options issued and outstanding		5,747,844		3,875,317
Unvested restricted stock units		537,160		771,660
Common stock warrants issued and outstanding		—		220,890
Total common stock reserved		9,428,404		6,829,205

In April 2022, a warrant holder exercised 220,890 warrants at an exercise price of $11.32 per warrant, which resulted in a net issuance of 100,731 shares to the warrant holder. There was no cash received by the Company as a result of this transaction.

The following provides a roll forward of outstanding warrants to purchase common stock as of June 30, 2022:

Issuance Date	Number of Shares of Common Stock Issuable		Weighted Average Exercise Price		Weight Average Contractual Term (Years)
Outstanding, December 31, 2021		220,890	$	11.3177	4.66
Warrants issued		—
Warrants exercised		100,731
Warrants forfeited		120,159
Outstanding, June 30, 2022		—