v3.26.1
Capital Structure
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Capital Structure

9. Capital Structure

Common Stock

As of March 31, 2026 and December 31, 2025, the Company was authorized to issue 200,000,000 shares of common stock $0.0001 par value per share. Holders of common stock are entitled to dividends if and when declared by the board of directors of the Company. The holder of each share of common stock is entitled to one vote. As of March 31, 2026, no dividends were declared.

Common stock reserved for future issuance, on an as converted basis, consisted of the following:

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Common stock warrants, issued and outstanding

 

 

227,755

 

 

 

169,147

 

Stock options, issued and outstanding

 

 

40,674

 

 

 

42,421

 

Restricted stock units, issued and outstanding

 

 

106,384

 

 

 

47,200

 

Shares available for future issuance under 2020 Equity Incentive Plan

 

 

52,480

 

 

 

19,715

 

Shares available for future issuance under 2020 Employee Stock Purchase Plan

 

 

18,414

 

 

 

12,531

 

Total shares reserved

 

 

445,707

 

 

 

291,014