Annual report pursuant to Section 13 and 15(d)

Mezzanine Equity (Tables)

v3.22.1
Mezzanine Equity (Tables)
12 Months Ended
Dec. 31, 2021
Temporary Equity Disclosure [Abstract]  
Summary of Series A and Series B Redeemable Convertible Preferred Stock (Series A and Series B Preferred Stock) Activities

The following table summarizes the Company’s Series A Redeemable Convertible Preferred Stock, par value $0.0001 per share (“Series A preferred stock”) activities for the year ended December 31, 2021:

 

 

Shares

 

 

Amount

 

Balance at December 31, 2020

 

 

50,000

 

 

$

50,975

 

Exchange of Series A preferred stock for Convertible Senior Notes

 

 

(30,390

)

 

 

(33,716

)

Deemed and imputed dividends on Series A preferred stock

 

 

-

 

 

 

750

 

Accrued Series A preferred stock dividends

 

 

-

 

 

 

5,857

 

Balance at December 31, 2021

 

 

19,610

 

 

$

23,866

 

The following table summarizes the Company’s Series B Redeemable Convertible Preferred Stock, par value $0.0001 per share (“Series B preferred stock”) activities for the year ended December 31, 2021:

 

 

Shares

 

 

Amount

 

Balance at December 31, 2020

 

 

22,050

 

 

$

22,686

 

Conversion of Series B preferred stock to Class A common stock

 

 

(22,050

)

 

 

(27,277

)

Accrued Series B preferred stock dividends

 

 

-

 

 

 

4,591

 

Balance at December 31, 2021

 

 

-

 

 

$

-