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Based on the public offering price of $14.00 per share, the 3,172,436 outstanding shares of Series G convertible preferred stock converted into a total of 2,692,012 shares of common stock, including an additional 577,055 shares of common stock issued as a result of the specific Series G IPO adjustment feature or &#8220;ratchet provision.&#8221; The ratchet provision, which is treated as a deemed stock dividend for accounting purposes, was calculated as the difference between the number of shares of common stock each holder of Series G would receive upon the automatic conversion of the Series G shares and the number of shares contingently issuable just prior to the automatic conversion based on the initial conversion price multiplied by the IPO price of $14.00 per share, which represents the fair value of the common stock on the date of conversion. 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The results of operations for companies acquired are included in the consolidated financial statements from the effective date of the acquisition. 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The Company bases its estimates on historical experience, current business factors and other available information. Actual results could differ from those estimates. 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Cash equivalents principally consist of the Company&#8217;s investment in U.S. Treasury securities and other money market funds. 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