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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Activity for Stock Options

A summary of activity for the Company’s stock options for the year ended December 31, 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

 

 

(57,000

)

 

 

8.52

 

 

 

 

 

 

 

 

Exercised

 

 

(2,500

)

 

 

5.20

 

 

 

 

 

 

 

 

Balance at December 31, 2019

 

 

562,102

 

 

$

5.60

 

 

 

5.86

 

 

$

572,869

 

Vested or expected to vest at December 31, 2019

 

 

562,102

 

 

$

5.60

 

 

 

5.86

 

 

$

572,869

 

Exercisable at December 31, 2019

 

 

562,102

 

 

$

5.60

 

 

 

5.86

 

 

$

572,869

 

Summary Information about Stock Options Outstanding

The following table summarizes information about stock options outstanding as of December 31, 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

 

 

465,310

 

 

 

6.30

 

 

$

4.45

 

 

 

465,310

 

 

$

4.45

 

$7.50 - $11.30

 

 

75,198

 

 

 

4.15

 

 

 

9.89

 

 

 

75,198

 

 

 

9.89

 

$12.00 - $19.70

 

 

17,244

 

 

 

2.50

 

 

 

13.60

 

 

 

17,244

 

 

 

13.60

 

$21.70 - $24.20

 

 

4,350

 

 

 

1.67

 

 

 

23.27

 

 

 

4,350

 

 

 

23.27

 

$4.36 - $24.20

 

 

562,102

 

 

 

 

 

 

 

 

 

 

 

562,102

 

 

 

 

 

Summary of Restricted Stock Unit (RSU) Activity

The following is a summary of restricted stock unit (“RSU”) activity for the year ended December 31, 2019:

 

 

 

Number

Outstanding

 

 

Weighted Average

Fair Value

 

Balance at December 31, 2018

 

 

1,367,630

 

 

$

3.81

 

Granted

 

 

577,682

 

 

 

5.03

 

Vested

 

 

(659,170

)

 

 

3.62

 

Forfeited

 

 

(138,032

)

 

 

4.59

 

Balance at December 31, 2019

 

 

1,148,110

 

 

 

4.43

 

Shares vested but not released

 

 

202,940

 

 

 

5.27

 

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 consolidated statements of operations for the years ended December 31, 2019 and 2018 (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

Cost of revenue

 

$

128

 

 

$

89

 

Research and development

 

 

651

 

 

 

488

 

Selling and marketing

 

 

595

 

 

 

689

 

General and administrative

 

 

1,276

 

 

 

1,380

 

Total

 

$

2,650

 

 

$

2,646