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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Activity for Stock Option Plans

A summary of activity for the Company’s stock option plans for the nine months ended September 30, 2020 is as follows:

 

 

 

Number

Outstanding

 

 

Average Exercise

Price per Share

 

 

Weighted Average

Remaining

Contractual Term

(Years)

 

 

Aggregate

Intrinsic

Value

 

Balance as of December 31, 2019

 

 

562,102

 

 

$

5.60

 

 

 

5.86

 

 

$

572,869

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled or Expired

 

 

(8,833

)

 

 

8.17

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of September 30, 2020

 

 

553,269

 

 

$

5.56

 

 

 

5.14

 

 

$

851,594

 

Vested or expected to vest as of

    September 30, 2020

 

 

553,269

 

 

$

5.56

 

 

 

5.14

 

 

$

851,594

 

Exercisable as of September 30, 2020

 

 

553,269

 

 

$

5.56

 

 

 

5.14

 

 

$

851,594

 

Summary Information about Options Outstanding

The following table summarizes information about options outstanding as of September 30, 2020:

 

 

 

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

 

 

462,110

 

 

 

5.56

 

 

$

4.44

 

 

 

462,110

 

 

$

4.44

 

$7.50 - $11.25

 

 

70,698

 

 

 

3.42

 

 

 

9.95

 

 

 

70,698

 

 

 

9.95

 

$11.30 - $16.95

 

 

13,764

 

 

 

1.94

 

 

 

12.90

 

 

 

13,764

 

 

 

12.90

 

$17.60 - $26.40

 

 

6,697

 

 

 

0.99

 

 

 

21.55

 

 

 

6,697

 

 

 

21.55

 

$4.36 - $26.40

 

 

553,269

 

 

 

5.14

 

 

$

5.56

 

 

 

553,269

 

 

$

5.56

 

Summary of RSU Activity

The following is a summary of RSU activity for the nine months ended September 30, 2020:

 

 

 

 

Number

of RSUs

 

 

Weighted Average

Fair Value

 

Unvested as of December 31, 2019

 

 

1,148,110

 

 

$

4.43

 

Granted

 

 

482,683

 

 

 

4.12

 

Vested

 

 

(551,565

)

 

 

4.10

 

Forfeited

 

 

(173,224

)

 

 

4.69

 

Unvested as of September 30, 2020

 

 

906,004

 

 

$

4.41

 

Shares vested but not released

 

 

250,771

 

 

$

5.02

 

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, 2020 and 2019 (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Cost of revenue

 

$

43

 

 

$

34

 

 

$

124

 

 

$

97

 

Research and development

 

 

159

 

 

 

107

 

 

 

506

 

 

 

334

 

Selling and marketing

 

 

127

 

 

 

193

 

 

 

371

 

 

 

578

 

General and administrative

 

 

462

 

 

 

355

 

 

 

1,181

 

 

 

1,060

 

Total

 

$

791

 

 

$

689

 

 

$

2,182

 

 

$

2,069