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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Activity under Stock-Based Compensation Plans

A summary of activity for the Company’s stock option plans for the six months ended June 30, 2019 follows:

 

 

 

Number

Outstanding

 

 

Average Exercise

Price per Share

 

 

Weighted Average

Remaining

Contractual Term

(Years)

 

 

Average

Intrinsic

Value

 

Balance at December 31, 2018

 

 

621,602

 

 

$

5.87

 

 

 

6.32

 

 

$

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled or Expired

 

 

(46,000

)

 

 

8.52

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2019

 

 

575,602

 

 

$

5.66

 

 

 

6.32

 

 

$

337,790

 

Vested or expected to vest at

    June 30, 2019

 

 

575,387

 

 

$

5.66

 

 

 

6.32

 

 

$

337,627

 

Exercisable at June 30, 2019

 

 

547,823

 

 

$

5.72

 

 

 

6.28

 

 

$

316,678

 

Summary Information about Options Outstanding

The following table summarizes information about options outstanding as of June 30, 2019:

 

 

 

Options Outstanding

 

 

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 - $7.20

 

 

468,810

 

 

 

6.78

 

 

$

4.46

 

 

 

441,031

 

 

$

4.46

 

$7.50 - $11.30

 

 

85,198

 

 

 

4.64

 

 

 

9.74

 

 

 

85,198

 

 

 

9.74

 

$12.00 - $19.70

 

 

17,244

 

 

 

3.01

 

 

 

13.60

 

 

 

17,244

 

 

 

13.60

 

$21.70 - $24.20

 

 

4,350

 

 

 

2.18

 

 

 

23.27

 

 

 

4,350

 

 

 

23.27

 

$4.36 - $24.20

 

 

575,602

 

 

 

 

 

 

 

 

 

 

 

547,823

 

 

 

 

 

Summary of RSU Activity

The following is a summary of RSU activity for the six months ended June 30, 2019:

 

 

 

 

Number

of RSUs

 

 

Weighted Average

Fair Value

 

Unvested at December 31, 2018

 

 

1,367,630

 

 

$

3.81

 

Granted

 

 

289,500

 

 

 

5.21

 

Vested

 

 

(354,669

)

 

 

3.53

 

Forfeited

 

 

(27,582

)

 

 

3.98

 

Unvested at June 30, 2019

 

 

1,274,879

 

 

$

4.19

 

Shares vested but not released

 

 

171,850

 

 

$

5.38

 

Stock-Based Compensation Expense Related to Stock Options and RSUs

The following table illustrates all employee stock-based compensation expense related to stock options and RSUs included in the condensed consolidated statements of operations for the three and six months ended June 30, 2019 and 2018 (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Cost of revenue

 

$

34

 

 

$

22

 

 

$

63

 

 

$

41

 

Research and development

 

 

113

 

 

 

136

 

 

 

227

 

 

 

271

 

Selling and marketing

 

 

205

 

 

 

189

 

 

 

385

 

 

 

348

 

General and administrative

 

 

341

 

 

 

301

 

 

 

705

 

 

 

624

 

Total

 

$

693

 

 

$

648

 

 

$

1,380

 

 

$

1,284