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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 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 June 30, 2025

 

 

444,460

 

 

$

4.36

 

 

 

0.93

 

 

$

 

Vested or expected to vest as of June 30, 2025

 

 

444,460

 

 

$

4.36

 

 

 

0.93

 

 

$

 

Exercisable as of June 30, 2025

 

 

444,460

 

 

$

4.36

 

 

 

0.93

 

 

$

 

 

Summary of Stock Unit Activity

The following is a summary of RSU activity for the six months ended June 30, 2025:

 

 

 

Number
Outstanding

 

 

Weighted Average
Fair Value

 

Unvested as of January 1, 2025

 

 

806,985

 

 

$

6.31

 

Granted

 

 

196,500

 

 

 

3.47

 

Vested

 

 

(253,853

)

 

 

6.26

 

Forfeited

 

 

(72,911

)

 

 

6.75

 

Unvested as of June 30, 2025

 

 

676,721

 

 

$

5.46

 

RSUs vested but not released

 

 

134,204

 

 

$

5.41

 

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 loss for the three and six months ended June 30, 2025 and 2024 (in thousands):

 

 

 

Three Months Ended June 30,

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Cost of revenue

 

$

5

 

 

$

5

 

 

$

10

 

 

$

12

 

Research and development

 

 

32

 

 

 

43

 

 

 

52

 

 

 

77

 

Selling and marketing

 

 

77

 

 

 

443

 

 

 

136

 

 

 

561

 

General and administrative

 

 

793

 

 

 

494

 

 

 

1,505

 

 

 

854

 

Stock-based compensation expense - continuing operations

 

 

907

 

 

 

985

 

 

 

1,703

 

 

 

1,504

 

Stock-based compensation expense - discontinued operations

 

 

 

 

 

490

 

 

 

 

 

 

990

 

Total

 

$

907

 

 

$

1,475

 

 

$

1,703

 

 

$

2,494

 

 

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 six months ended June 30, 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 June 30, 2025

 

 

332,500

 

 

$

4.04