Quarterly report pursuant to Section 13 or 15(d)

Redeemable Convertible Preferred Stock (Tables)

v3.8.0.1
Redeemable Convertible Preferred Stock (Tables)
9 Months Ended
Sep. 30, 2017
Temporary Equity Disclosure [Abstract]  
Summary of Redeemable Convertible Preferred Stock

The following is a summary of the Company’s redeemable convertible preferred stock at September 30, 2017 and December 31, 2016 (collectively, the “Preferred Stock”):

 

 

 

 

 

 

 

 

 

 

 

Shares Issued and Outstanding

 

 

 

Par Value

 

 

Shares

Authorized

 

 

September 30, 2017

 

 

December 31,

2016

 

Series A Preferred Stock

 

$

0.001

 

 

 

2,500,000

 

 

 

 

 

 

2,500,000

 

Series B Preferred Stock

 

$

0.001

 

 

 

2,273,531

 

 

 

 

 

 

2,273,531

 

Series C Preferred Stock

 

$

0.001

 

 

 

4,391,748

 

 

 

 

 

 

4,342,874

 

Total

 

 

 

 

 

 

9,165,279

 

 

 

 

 

 

9,116,405

 

 

Schedule of Changes in the Preferred Stock

The following table presents changes in the preferred stock:

 

 

 

Series A

Preferred

 

 

Series B

Preferred

 

 

Series C

Preferred

 

 

Total

 

Balance at December 31, 2016

 

$

3,889,257

 

 

$

5,480,130

 

 

$

16,501,938

 

 

$

25,871,325

 

Deemed dividends on preferred stock

 

 

119,406

 

 

 

178,129

 

 

 

660,765

 

 

 

958,300

 

Conversion to common stock in merger

 

 

(4,008,663

)

 

 

(5,658,259

)

 

 

(17,162,703

)

 

 

(26,829,625

)

Balance at September 30, 2017

 

$

 

 

$

 

 

$

 

 

$