XML 38 R31.htm IDEA: XBRL DOCUMENT v3.25.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 28, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Expenses

The following table shows stock-based compensation expense included in the condensed consolidated statements of operations for the three and six months ended June 28, 2025 and June 29, 2024 (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 28, 2025

 

 

June 29, 2024

 

 

June 28, 2025

 

 

June 29, 2024

 

Cost of revenues

 

$

21

 

 

$

73

 

 

$

39

 

 

$

133

 

Research and development

 

 

34

 

 

 

52

 

 

 

63

 

 

 

104

 

Sales and marketing

 

 

77

 

 

 

110

 

 

 

143

 

 

 

221

 

General and administrative

 

 

125

 

 

 

184

 

 

 

225

 

 

 

355

 

Total stock-based compensation expense

 

$

257

 

 

$

419

 

 

$

470

 

 

$

813

 

 

Summary of Stock Options

The following table summarizes stock options information during the six months ended June 28, 2025:

 

 

 

Number of
Shares

 

 

Weighted
Average
Exercise Price
Per Share

 

 

Aggregate
Intrinsic
Value
(thousands)

 

Outstanding as of December 28, 2024

 

 

1,692,707

 

 

$

2.89

 

 

 

 

Granted

 

 

710,805

 

 

$

0.94

 

 

 

 

Canceled or forfeited

 

 

(181,758

)

 

$

3.53

 

 

 

 

Outstanding as of June 28, 2025

 

 

2,221,754

 

 

$

2.21

 

 

$

-

 

Weighted Average Assumptions for Fair Value Estimate of Stock-Based Awards (Options)

The Company uses the Black-Scholes option-pricing model to estimate the fair value of stock-based awards (options) with the following weighted-average assumptions:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 28, 2025

 

 

June 29, 2024

 

 

June 28, 2025

 

 

June 29, 2024

 

Average risk free interest rate

 

 

3.81

%

 

 

4.35

%

 

 

3.83

%

 

 

4.35

%

Expected life (in years)

 

 

3.35

 

 

 

4.40

 

 

 

3.46

 

 

 

4.40

 

Dividend yield

 

 

 

 

 

 

 

 

Average volatility

 

 

74

%

 

 

77

%

 

 

77

%

 

 

77

%

Summary of Stock Options Outstanding, Vested, Expected to Vest and Exercisable

Information regarding stock options outstanding, vested, expected to vest, and exercisable as of June 28, 2025 is summarized below:

 

 

 

Number of
Shares

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining
Contractual
Life (Years)

 

 

Aggregate
Intrinsic
Value
(thousands)

 

Options outstanding

 

 

2,221,754

 

 

$

2.21

 

 

 

3.85

 

 

$

-

 

Options vested and expected to vest

 

 

2,092,168

 

 

$

2.28

 

 

 

3.74

 

 

$

-

 

Options exercisable

 

 

1,048,911

 

 

$

3.09

 

 

 

2.45

 

 

$

-

 

Restricted Stock Units

Information regarding RSUs activity for the six months ended June 28, 2025 is summarized below:

 

 

 

Number
of Shares

 

Outstanding as of December 28, 2024

 

 

615,707

 

Restricted stock units granted

 

 

173,490

 

Restricted stock units released

 

 

(39,996

)

Restricted stock units forfeited

 

 

(5,000

)

Outstanding as of June 28, 2025

 

 

744,201