Annual report pursuant to Section 13 and 15(d)

Common Stock and Convertible Preferred Stock

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Common Stock and Convertible Preferred Stock
 12 Months Ended
Dec. 31, 2023
Stockholders' Equity Note [Abstract]  
Common Stock and Convertible Preferred Stock Common Stock and Convertible Preferred Stock
Common Stock
As of December 31, 2023 and January 1, 2023, the Company had authorized 1,000,000,000 shares of common stock, par value $0.0001 and issued and outstanding of 167,392,315 and 157,461,802, respectively. Each holder of a share of common stock is entitled to one vote for each share held and is entitled to receive dividends whenever funds are legally available and when declared by the board of directors, subject to preferential rights of holders of other classes of stock outstanding. Such dividends shall be payable only when, as and if declared by the board of directors and shall be non-cumulative.
Convertible Preferred Stock
As of December 31, 2023 and January 1, 2023, the Company had authorized 10,000,000 shares of convertible preferred stock, par value $0.0001 and there was no shares issued and outstanding for either periods.