v3.23.1
Capital Structure
 3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Capital Structure

Note 6. Capital Structure

Common Stock

The Company’s amended and restated certificate of incorporation authorizes the Company to issue up to 300,000,000 shares of common stock with a par value of $0.0001 per share and 10,000,000 shares of preferred stock with a par value of $0.0001 per share.

Common stockholders are entitled to dividends when and if declared by the Company’s Board of Directors and after any preferred share dividends are fully paid. The holder of each share of common stock is entitled to one vote. As of March 31, 2023, no dividends have been declared.

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

 

 

 

March 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Stock options, issued and outstanding

 

 

6,949,081

 

 

 

5,341,975

 

Stock options, authorized for future issuance

 

 

1,288,702

 

 

 

1,446,872

 

Employee stock purchase plan, available for future issuance

 

 

701,434

 

 

 

402,747

 

Restricted stock, issued and outstanding

 

 

247,157

 

 

 

292,236

 

Total

 

 

9,186,374

 

 

 

7,483,830