Convertible Preferred Stock Warrants and Common Stock Warrants
|9 Months Ended|
Sep. 30, 2018
|Warrants And Rights Note Disclosure [Abstract]|
|Convertible Preferred Stock Warrants and Common Stock Warrants||
Note 8. Convertible Preferred Stock Warrants and Common Stock Warrants
Immediately prior to the Company’s IPO, all outstanding Series B-1 convertible preferred stock warrants were remeasured to their fair value, using the Black-Scholes model. Refer to Note 3, Summary of Significant Accounting Policies, to the notes to the consolidated financial statement included in the final prospectus for our initial public offering dated as of on June 8, 2017 and filed with the SEC pursuant to Rule 424(b)(4) for a description of the valuation method. The final remeasurement of the convertible preferred stock warrant liability resulted in a $3.7 million loss, which was recorded to other expense, net.
Upon the closing of the IPO, the entire balance of $5.7 million in convertible preferred stock warrant liability was reclassified to additional paid-in capital. All convertible preferred stock warrants were converted into common stock warrants. In addition, the Company issued to the lead underwriter in the IPO a warrant to purchase up to 84,000 shares of its common stock.
As of September 30, 2018, the Company had the following common stock warrants issued and outstanding (in thousands, except share and per share data):