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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Activity for Stock Option Plans

A summary of stock option activity for the three months ended March 31, 2023 is as follows:

 

 

 

Number
Outstanding

 

 

Weighted Average Exercise
Price per Share

 

 

Weighted Average
Remaining
Contractual Term
(Years)

 

 

Aggregate
Intrinsic
Value

 

Balance as of January 1, 2023

 

 

505,593

 

 

$

5.05

 

 

 

3.17

 

 

$

1,280,805

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled or Expired

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2023

 

 

505,593

 

 

$

5.05

 

 

 

2.93

 

 

$

791,309

 

Vested or expected to vest as of March 31, 2023

 

 

505,593

 

 

$

5.05

 

 

 

2.93

 

 

$

791,309

 

Exercisable as of March 31, 2023

 

 

505,593

 

 

$

5.05

 

 

 

2.93

 

 

$

791,309

 

 

Summary Information about Options Outstanding

The following table summarizes information about stock options outstanding as of March 31, 2023:

 

 

 

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

 

 

 

3.18

 

 

$

4.37

 

 

 

445,960

 

 

$

4.37

 

$7.50 - $11.25

 

 

59,100

 

 

 

1.05

 

 

 

10.17

 

 

 

59,100

 

 

 

10.17

 

$11.30 - $16.95

 

 

500

 

 

 

1.00

 

 

 

11.30

 

 

 

500

 

 

 

11.30

 

$19.70 - $29.55

 

 

33

 

 

 

0.38

 

 

 

19.70

 

 

 

33

 

 

 

19.70

 

$4.36 - $29.55

 

 

505,593

 

 

 

2.93

 

 

$

5.05

 

 

 

505,593

 

 

$

5.05

 

 

Summary of Stock Unit Activity

The following is a summary of RSU activity for the three months ended March 31, 2023:

 

 

 

Number
Outstanding

 

 

Weighted Average
Fair Value

 

Unvested as of January 1, 2023

 

 

819,185

 

 

$

13.23

 

Granted

 

 

151,123

 

 

 

6.96

 

Vested

 

 

(84,816

)

 

 

13.35

 

Forfeited

 

 

(12,729

)

 

 

12.62

 

Unvested as of March 31, 2023

 

 

872,763

 

 

$

12.14

 

RSUs vested but not released

 

 

137,768

 

 

$

7.00

 

 

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 condensed consolidated statements of comprehensive income (loss) for the three months ended March 31, 2023 and 2022 (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Cost of revenue

 

$

45

 

 

$

56

 

Research and development

 

 

202

 

 

 

310

 

Selling and marketing

 

 

293

 

 

 

194

 

General and administrative

 

 

450

 

 

 

335

 

Total

 

$

990

 

 

$

895

 

 

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 three months ended March 31, 2023:

 

 

 

Number
Outstanding

 

 

Weighted Average
Fair Value

 

Unvested as of January 1, 2023

 

 

40,000

 

 

$

8.51

 

Granted

 

 

 

 

 

 

Vested

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

Unvested as of March 31, 2023

 

 

40,000

 

 

$

8.51