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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Option Activity

A summary of stock option activity for the six months ended June 30, 2024 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, 2024

 

 

494,960

 

 

$

4.99

 

 

 

2.23

 

 

$

1,725,985

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled or Expired

 

 

(9,500

)

 

 

8.66

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of June 30, 2024

 

 

485,460

 

 

$

4.92

 

 

 

1.77

 

 

$

 

Vested or expected to vest as of June 30, 2024

 

 

485,460

 

 

$

4.92

 

 

 

1.77

 

 

$

 

Exercisable as of June 30, 2024

 

 

485,460

 

 

$

4.92

 

 

 

1.77

 

 

$

 

 

Summary Information about Stock Options Outstanding

The following table summarizes information about stock options outstanding as of June 30, 2024:

 

 

 

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 - $10.93

 

 

484,460

 

 

 

1.77

 

 

$

4.90

 

 

 

484,460

 

 

$

4.90

 

$11.00 - $16.50

 

 

1,000

 

 

 

0.08

 

 

 

11.00

 

 

 

1,000

 

 

 

11.00

 

$4.36 - $16.50

 

 

485,460

 

 

 

1.77

 

 

$

4.92

 

 

 

485,460

 

 

$

4.92

 

 

Summary of Stock Unit Activity

The following is a summary of RSU activity for the six months ended June 30, 2024:

 

 

 

Number
Outstanding

 

 

Weighted Average
Fair Value

 

Unvested as of January 1, 2024

 

 

730,062

 

 

$

11.17

 

Granted

 

 

658,015

 

 

 

5.28

 

Vested

 

 

(279,908

)

 

 

9.11

 

Forfeited

 

 

(8,221

)

 

 

12.51

 

Unvested as of June 30, 2024

 

 

1,099,948

 

 

$

8.17

 

RSUs vested but not released

 

 

70,350

 

 

$

8.85

 

Stock-Based Compensation Expense Related to Stock Options and RSUs

The following table summarizes stock-based compensation expense related to stock options and RSUs included in the condensed consolidated statements of comprehensive income (loss) for the three and six months ended June 30, 2024 and 2023 (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Cost of revenue

 

$

5

 

 

$

9

 

 

$

12

 

 

$

19

 

Research and development

 

 

43

 

 

 

23

 

 

 

77

 

 

 

37

 

Selling and marketing

 

 

443

 

 

 

119

 

 

 

561

 

 

 

241

 

General and administrative

 

 

494

 

 

 

356

 

 

 

854

 

 

 

694

 

Stock-based compensation expense - continuing operations

 

 

985

 

 

 

507

 

 

 

1,504

 

 

 

991

 

Stock-based compensation expense - discontinued operations

 

 

490

 

 

 

487

 

 

 

990

 

 

 

993

 

Total

 

$

1,475

 

 

$

994

 

 

$

2,494

 

 

$

1,984