Redeemable Convertible Preferred Stock (converted to Common Stock)

9 Months Ended

Sep. 30, 2020

Temporary Equity Disclosure [Abstract]

Redeemable Convertible Preferred Stock (converted to Common Stock)

13. Redeemable Convertible Preferred Stock (converted to Common Stock)

As of December 31, 2019, redeemable convertible preferred stock consists of the following (in thousands, except per share and share amounts):

	Shares Authorized		Original Issue Price		Shares Issued and Outstanding		Carrying Value		Liquidation Preference		Common Stock Issued Upon Conversion (1)
Series A		37,104,185	$	1.20		37,104,185	$	35,960	$	44,525		4,600,920
Series A-1		629,633		1.20		629,633		447		756		78,074
Series A-2		2,428,688		1.20		2,428,688		1,749		2,914		301,157
Series B		59,200,938		1.40		57,004,415		75,927		80,000		7,068,520
		99,363,444				97,166,921	$	114,083	$	128,195		12,048,671

(1) Adjusted to reflect the Exchange Ratio.

Following the closing of the Merger, all outstanding shares of the redeemable convertible preferred stock converted into 12,048,671 shares of common stock and the related carrying value was reclassified to common stock and additional paid-in capital. There were no shares of redeemable convertible preferred stock outstanding as of September 30, 2020.