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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 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 nine months ended September 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

 

 

(50,500

)

 

 

10.50

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of September 30, 2024

 

 

444,460

 

 

$

4.36

 

 

 

1.68

 

 

$

 

Vested or expected to vest as of September 30, 2024

 

 

444,460

 

 

$

4.36

 

 

 

1.68

 

 

$

 

Exercisable as of September 30, 2024

 

 

444,460

 

 

$

4.36

 

 

 

1.68

 

 

$

 

 

Summary Information about Stock Options Outstanding

The following table summarizes information about stock options outstanding as of September 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 - $4.36

 

 

444,460

 

 

 

1.68

 

 

$

4.36

 

 

 

444,460

 

 

$

4.36

 

Summary of Stock Unit Activity

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

 

 

 

Number
Outstanding

 

 

Weighted Average
Fair Value

 

Unvested as of January 1, 2024

 

 

730,062

 

 

$

11.17

 

Granted

 

 

1,290,040

 

 

 

4.39

 

Vested

 

 

(1,046,602

)

 

 

7.12

 

Forfeited

 

 

(9,784

)

 

 

12.44

 

Unvested as of September 30, 2024

 

 

963,716

 

 

$

8.17

 

RSUs vested but not released

 

 

86,368

 

 

$

7.94

 

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 nine months ended September 30, 2024 and 2023 (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Cost of revenue

 

$

5

 

 

$

8

 

 

$

17

 

 

$

27

 

Research and development

 

 

61

 

 

 

37

 

 

 

138

 

 

 

74

 

Selling and marketing

 

 

182

 

 

 

124

 

 

 

743

 

 

 

365

 

General and administrative

 

 

848

 

 

 

345

 

 

 

1,702

 

 

 

1,039

 

Stock-based compensation expense - continuing operations

 

 

1,096

 

 

 

514

 

 

 

2,600

 

 

 

1,505

 

Stock-based compensation expense - discontinued operations

 

 

4,264

 

 

 

475

 

 

 

5,254

 

 

 

1,468

 

Total

 

$

5,360

 

 

$

989

 

 

$

7,854

 

 

$

2,973

 

 

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 nine months ended September 30, 2024:

 

 

Number
Outstanding

 

 

Weighted Average
Fair Value

 

Unvested as of January 1, 2024

 

 

 

 

$

 

Granted

 

 

477,500

 

 

 

4.07

 

Vested

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

Unvested as of September 30, 2024

 

 

477,500

 

 

$

4.07