Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.24.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule Of Outstanding Pre-funded Warrants Basic And Diluted Net Loss Per Share

The following outstanding pre-funded warrants as of December 31, 2023 and 2022,were included in the basic and diluted net loss per share calculation:

 

 

As of December 31,

 

 

 

2023

 

 

2022

 

2020 Pre-Funded Warrants, issued in the 2020 Private Placement (refer to Note 12)

 

 

100,000

 

 

 

100,000

 

2022 Pre-Funded Warrants, issued in the 2022 Private Placement (refer to Note 12)

 

 

7,179,819

 

 

 

7,426,739

 

2023 Pre-Funded Warrants, issued in December 2023 registered direct offering (refer to Note 12)

 

 

5,242,588

 

 

 

 

Total

 

 

12,522,407

 

 

 

7,526,739

 

 

 

 

 

 

 

 

Schedule of Common Stock Equivalents Excluded from the Calculation of Diluted Net Loss Per Share

The following common stock equivalents were excluded from the calculation of diluted net loss per share applicable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

 

 

 

As of December 31,

 

 

 

2023

 

 

2022

 

Stock options

 

 

1,548,642

 

 

 

1,727,327

 

Unvested restricted stock units

 

 

1,706,614

 

 

 

1,204,421

 

Warrants*

 

 

14,142,298

 

 

 

14,142,298

 

Total

 

 

17,397,554

 

 

 

17,074,046

 

* As of December 31, 2023 and December 31, 2022, this is comprised of 2,754 warrants to purchase common stock issued in connection with the execution and first draw of the Loan Agreement in February 2020 (refer to Note 8), 1,738 warrants to purchase common stock issued in connection with the second draw on the Loan Agreement in December 2020 (refer to Note 8), 282,809 warrants to purchase common stock issued in connection with the private placement in December 2020 (refer to Note 12), 13,813,912 warrants to purchase common stock issued in connection with the private placement in September 2022 (refer to Note 12), and 41,085 warrants to purchase common stock that were issued upon the assumption and conversion of Tyme warrants in connection with the Merger (refer to Note 3).