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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
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, 2023:

 

 

 

Number
Outstanding

 

 

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

 

 

(10,633

)

 

 

8.20

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2023

 

 

494,960

 

 

$

4.99

 

 

 

2.23

 

 

$

1,725,985

 

Vested or expected to vest as of December 31, 2023

 

 

494,960

 

 

$

4.99

 

 

 

2.23

 

 

$

1,725,985

 

Exercisable as of December 31, 2023

 

 

494,960

 

 

$

4.99

 

 

 

2.23

 

 

$

1,725,985

 

Summary Information about Stock Options Outstanding

The following table summarizes information about stock options outstanding as of December 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 - $7.50

 

 

446,460

 

 

 

2.42

 

 

$

4.37

 

 

 

446,460

 

 

$

4.37

 

$8.80 - $13.20

 

 

48,500

 

 

 

0.46

 

 

 

10.63

 

 

 

48,500

 

 

 

10.63

 

$4.36 - $13.20

 

 

494,960

 

 

 

2.23

 

 

$

4.99

 

 

 

494,960

 

 

$

4.99

 

Summary of Stock Unit Activity

The following is a summary of RSU activity for the year ended December 31, 2023:

 

 

 

Number
Outstanding

 

 

Weighted Average
Fair Value

 

Unvested as of January 1, 2023

 

 

819,185

 

 

$

13.23

 

Granted

 

 

411,635

 

 

 

6.79

 

Vested

 

 

(387,586

)

 

 

11.50

 

Forfeited

 

 

(113,172

)

 

 

9.00

 

Unvested as of December 31, 2023

 

 

730,062

 

 

$

11.17

 

RSUs vested but not released

 

 

59,866

 

 

$

10.82

 

 

 

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,

 

 

 

2023

 

 

2022

 

 

2021

 

Cost of revenue

 

$

195

 

 

$

192

 

 

$

183

 

Research and development

 

 

692

 

 

 

699

 

 

 

486

 

Selling and marketing

 

 

1,152

 

 

 

845

 

 

 

545

 

General and administrative

 

 

1,932

 

 

 

1,425

 

 

 

1,392

 

Total

 

$

3,971

 

 

$

3,161

 

 

$

2,606

 

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, 2023:

 

 

 

Number
Outstanding

 

 

Weighted Average
Fair Value

 

Unvested as of January 1, 2023

 

 

40,000

 

 

$

8.51

 

Granted

 

 

 

 

 

 

Vested

 

 

(18,750

)

 

 

6.38

 

Forfeited

 

 

(21,250

)

 

 

10.38

 

Unvested as of December 31, 2023

 

 

 

 

$

 

PSUs vested but not released

 

 

18,750

 

 

$

6.38