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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Option Activity

The following is a summary of stock option activity for the year ended December 31, 2022:

 

 

 

Number
Outstanding

 

 

Average Exercise
Price per Share

 

 

Weighted Average
Remaining
Contractual Term
(Years)

 

 

Aggregate
Intrinsic
Value

 

Balance as of December 31, 2021

 

 

514,693

 

 

$

5.11

 

 

 

4.11

 

 

$

11,850,930

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled or Expired

 

 

(9,100

)

 

 

8.47

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2022

 

 

505,593

 

 

$

5.05

 

 

 

3.17

 

 

$

1,280,805

 

Vested or expected to vest as of December 31, 2022

 

 

505,593

 

 

$

5.05

 

 

 

3.17

 

 

$

1,280,805

 

Exercisable as of December 31, 2022

 

 

505,593

 

 

$

5.05

 

 

 

3.17

 

 

$

1,280,805

 

Summary Information about Stock Options Outstanding

The following table summarizes information about stock options outstanding as of December 31, 2022:

 

 

 

Stock Options Outstanding

 

 

Stock Options Exercisable

 

Range of Exercise Prices

 

Number
Outstanding

 

 

Weighted Average
Remaining
Contractual Life
(Years)

 

 

Weighted Average
Exercise
 Price

 

 

Number
Exercisable

 

 

Weighted Average
Exercise
Price

 

$4.36 - $7.20

 

 

445,960

 

 

 

3.42

 

 

$

4.37

 

 

 

445,960

 

 

$

4.37

 

$7.50 - $11.25

 

 

59,100

 

 

 

1.29

 

 

 

10.17

 

 

 

59,100

 

 

 

10.17

 

$11.30 - $16.95

 

 

500

 

 

 

1.25

 

 

 

11.30

 

 

 

500

 

 

 

11.30

 

$19.70 - $29.55

 

 

33

 

 

 

0.62

 

 

 

19.70

 

 

 

33

 

 

 

19.70

 

$4.36 - $29.55

 

 

505,593

 

 

 

3.17

 

 

$

5.05

 

 

 

505,593

 

 

$

5.05

 

Summary of Stock Unit Activity

The following is a summary of RSU activity for the year ended December 31, 2022:

 

 

 

Number
Outstanding

 

 

Weighted Average
Fair Value

 

Unvested as of December 31, 2021

 

 

485,729

 

 

$

9.19

 

Granted

 

 

675,046

 

 

 

14.10

 

Vested

 

 

(274,834

)

 

 

9.01

 

Forfeited

 

 

(66,756

)

 

 

9.96

 

Unvested as of December 31, 2022

 

 

819,185

 

 

$

13.23

 

RSUs vested but not released

 

 

131,166

 

 

$

6.73

 

 

 

Stock-Based Compensation Expense Related to Stock Options, RSUs and PSUs

The following table summarizes stock-based compensation expense related to stock options, RSUs, and PSUs included in the consolidated statements of comprehensive income (loss) (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Cost of revenue

 

$

192

 

 

$

183

 

 

$

160

 

Research and development

 

 

699

 

 

 

486

 

 

 

685

 

Selling and marketing

 

 

845

 

 

 

545

 

 

 

480

 

General and administrative

 

 

1,425

 

 

 

1,392

 

 

 

1,702

 

Total

 

$

3,161

 

 

$

2,606

 

 

$

3,027

 

Performance Stock Units  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Unit Activity

The following is a summary of PSU activity for the year ended December 31, 2022:

 

 

 

Number
Outstanding

 

 

Weighted Average
Fair Value

 

Unvested as of December 31, 2021

 

 

175,000

 

 

$

6.38

 

Granted

 

 

25,000

 

 

 

12.05

 

Vested

 

 

(20,000

)

 

 

6.38

 

Forfeited

 

 

(140,000

)

 

 

6.79

 

Unvested as of December 31, 2022

 

 

40,000

 

 

$

8.51