Table Of Contents OLO INC. Condensed Statements of Redeemable Convertible Preferred Stock and Stockholders' Equity (Deficit) (Unaudited) (in thousands, except share and per share amounts) Redeemable Convertible  Preferred Stock Class A and Class B Common Stock Additional  Paid In  Capital Accumulated  Deficit Total  Stockholders' Equity  (Deficit) Shares Amount Shares Amount Balance as of December 31, 2019 49,371,876 $ 61,901 18,451,120 $ 19 $ 10,795 $ (72,364) $ (61,550) Issuance of common stock on exercise of stock options — — 197,727 — 19 — 19 Accretion of redeemable convertible preferred stock to redemption value — 19 — — (19) — (19) Stock-based compensation — — — — 949 — 949 Net loss — — — — — (3,026) (3,026) Balance as of March 31, 2020 49,371,876 $ 61,920 18,648,847 $ 19 $ 11,744 $ (75,390) $ (63,627) Issuance of common stock on exercise of stock options — — 495,686 — 282 — 282 Issuance of redeemable convertible preferred stock 9,590,873 49,766 — — — — — Accretion of redeemable convertible preferred stock to redemption value — 16 — — (16) — (16) Stock-based compensation — — — — 1,147 — 1,147 Net income — — — — — 3,938 3,938 Balance as of June 30, 2020 58,962,749 $ 111,702 19,144,533 $ 19 $ 13,157 $ (71,452) $ (58,276) Issuance of common stock on exercise of stock options — — 2,658,137 3 1,243 — 1,246 Accretion of redeemable convertible preferred stock to redemption value — 17 — — (17) — (17) Stock-based compensation — — — — 1,400 — 1,400 Net income — — — — — 5,107 5,107 Balance as of September 30, 2020 58,962,749 $ 111,719 21,802,670 $ 22 $ 15,783 $ (66,345) $ (50,540) The accompanying notes are an integral part of these financial statements. 4