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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 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 nine months ended September 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 September 30, 2019

 

 

575,602

 

 

$

5.66

 

 

 

5.97

 

 

$

400,704

 

Vested or expected to vest at

    September 30, 2019

 

 

575,602

 

 

$

5.66

 

 

 

5.97

 

 

$

400,704

 

Exercisable at September 30, 2019

 

 

575,602

 

 

$

5.66

 

 

 

5.97

 

 

$

400,704

 

Summary Information about Options Outstanding

The following table summarizes information about options outstanding as of September 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

 

 

 

6.50

 

 

$

4.46

 

 

 

468,810

 

 

$

4.46

 

$7.50 - $11.30

 

 

85,198

 

 

 

3.91

 

 

 

9.74

 

 

 

85,198

 

 

 

9.74

 

$12.00 - $19.70

 

 

17,244

 

 

 

2.76

 

 

 

13.60

 

 

 

17,244

 

 

 

13.60

 

$21.70 - $24.20

 

 

4,350

 

 

 

1.93

 

 

 

23.27

 

 

 

4,350

 

 

 

23.27

 

$4.36 - $24.20

 

 

575,602

 

 

 

 

 

 

 

 

 

 

 

575,602

 

 

 

 

 

Summary of RSU Activity

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

 

 

 

 

Number

of RSUs

 

 

Weighted Average

Fair Value

 

Unvested at December 31, 2018

 

 

1,367,630

 

 

$

3.81

 

Granted

 

 

436,182

 

 

 

5.05

 

Vested

 

 

(505,771

)

 

 

3.45

 

Forfeited

 

 

(83,844

)

 

 

4.06

 

Unvested at September 30, 2019

 

 

1,214,197

 

 

$

4.38

 

Shares vested but not released

 

 

187,395

 

 

$

5.32

 

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 nine months ended September 30, 2019 and 2018 (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Cost of revenue

 

$

34

 

 

$

22

 

 

$

97

 

 

$

63

 

Research and development

 

 

107

 

 

 

125

 

 

 

334

 

 

 

397

 

Selling and marketing

 

 

193

 

 

 

171

 

 

 

578

 

 

 

519

 

General and administrative

 

 

355

 

 

 

385

 

 

 

1,060

 

 

 

1,008

 

Total

 

$

689

 

 

$

703

 

 

$

2,069

 

 

$

1,987