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Shareholders Equity
3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Shareholders Equity

 


 

7.  Shareholders’ Equity

Preferred Stock

As of March 31, 2021 and December 31, 2020, 3,906 shares of Series C-12 Convertible Preferred Stock (“Series C-12 Preferred”) were issued, outstanding and convertible into 6,735,378 shares of common stock. As of March 31, 2021 and December 31, 2020, the Series C-12 Preferred liquidation preference was approximately $3.9 million. The Series C-12 Preferred does not pay a dividend. The holders of the Series C-12 Preferred do not have voting rights, other than for general protective rights required by the California General Corporation Law.