Stockholders’ Equity |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Equity [Abstract] | |
| Stockholders’ Equity |
Note 13: Stockholders’ Equity
Common Stock
As of March 31, 2025 and December 31, 2024 the total number of authorized shares of common stock was .
As of March 31, 2025 and December 31, 2024, there were and shares of common stock outstanding, respectively.
During the three months ended March 31, 2025 and 2024, the Company issued and shares of common stock for services, respectively. During the three months ended March 31, 2025 and 2024, the Company issued and shares of common stock in connection with vested restricted stock units (RSUs), net of shares withheld for tax obligations, respectively.
On March 5, 2025, the Company issued shares of common stock to investor Armistice Capital Master Fund Ltd. upon the exercise of outstanding pre-funded warrants. The warrants were exercised at a price of $0.001 per share, which represented par value, resulting in total proceeds of $1,462. The issuance was completed in accordance with the terms of the warrant agreements, and the shares issued are fully paid and non-assessable.
Preferred Stock
The Company has shares of preferred stock authorized with a par value of $ per share including shares of undesignated preferred stock, shares designated as 0% Series A Convertible Preferred Stock and shares as Series C Preferred Stock. The board of directors is authorized, subject to any limitations prescribed by law, without further vote or action by our stockholders, to issue from time-to-time shares of preferred stock in one or more series. Each series of preferred stock will have such number of shares, designations, preferences, voting powers, qualifications and special or relative rights or privileges as shall be determined by the board of directors, which may include, among others, dividend rights, voting rights, liquidation preferences, conversion rights and preemptive rights.
As of March 31, 2025 and December 31, 2024, there were shares of Series A Convertible Preferred Stock outstanding. As of March 31, 2025 and December 31, 2024, there were shares of Series C Preferred Stock outstanding.
Treasury Stock
During the three months ended March 31, 2025, shares of common stock with a cost of $252 were withheld to cover taxes owed by certain employees, all of which were included as treasury stock outstanding and recorded at cost within Treasury Stock on the condensed consolidated balance sheet.
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