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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Option Activity

A summary of stock option activity for the three months ended March 31, 2025 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, 2025

 

 

444,460

 

 

$

4.36

 

 

 

1.43

 

 

$

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled or Expired

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2025

 

 

444,460

 

 

$

4.36

 

 

 

1.18

 

 

$

 

Vested or expected to vest as of March 31, 2025

 

 

444,460

 

 

$

4.36

 

 

 

1.18

 

 

$

 

Exercisable as of March 31, 2025

 

 

444,460

 

 

$

4.36

 

 

 

1.18

 

 

$

 

 

Summary of Stock Unit Activity

The following is a summary of RSU activity for the three months ended March 31, 2025:

 

 

 

Number
Outstanding

 

 

Weighted Average
Fair Value

 

Unvested as of January 1, 2025

 

 

806,985

 

 

$

6.31

 

Granted

 

 

151,500

 

 

 

3.51

 

Vested

 

 

(54,052

)

 

 

8.14

 

Forfeited

 

 

(50,410

)

 

 

7.14

 

Unvested as of March 31, 2025

 

 

854,023

 

 

$

5.65

 

RSUs vested but not released

 

 

130,394

 

 

$

6.64

 

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, 2025 and 2024 (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Cost of revenue

 

$

5

 

 

$

7

 

Research and development

 

 

20

 

 

 

34

 

Selling and marketing

 

 

59

 

 

 

118

 

General and administrative

 

 

712

 

 

 

360

 

Stock-based compensation expense - continuing operations

 

 

796

 

 

 

519

 

Stock-based compensation expense - discontinued operations

 

 

 

 

 

500

 

Total

 

$

796

 

 

$

1,019

 

 

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, 2025:

 

 

Number
Outstanding

 

 

Weighted Average
Fair Value

 

Unvested as of January 1, 2025

 

 

417,500

 

 

$

4.07

 

Granted

 

 

20,000

 

 

 

3.51

 

Vested

 

 

(105,000

)

 

 

4.07

 

Forfeited

 

 

 

 

 

 

Unvested as of March 31, 2025

 

 

332,500

 

 

$

4.04