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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Option Activity

The following is a summary of stock option activity for the nine months ended September 30, 2021:

 

 

 

Number

Outstanding

 

 

Average Exercise

Price per Share

 

 

Weighted Average

Remaining

Contractual Term

(Years)

 

 

Aggregate

Intrinsic

Value

 

Balance as of December 31, 2020

 

 

550,769

 

 

$

5.56

 

 

 

4.88

 

 

$

1,875,719

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled or Expired

 

 

(4,642

)

 

 

21.39

 

 

 

 

 

 

 

 

 

Exercised

 

 

(18,651

)

 

 

7.94

 

 

 

 

 

 

 

 

 

Balance as of September 30, 2021

 

 

527,476

 

 

$

5.34

 

 

 

4.28

 

 

$

7,126,485

 

Vested or expected to vest as of

    September 30, 2021

 

 

527,476

 

 

$

5.34

 

 

 

4.28

 

 

$

7,126,485

 

Exercisable as of September 30, 2021

 

 

527,476

 

 

$

5.34

 

 

 

4.28

 

 

$

7,126,485

 

Summary Information about Stock Options Outstanding

The following table summarizes information about stock options outstanding as of September 30, 2021:

 

 

 

Stock Options Outstanding

 

 

Stock 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

 

 

452,510

 

 

 

4.62

 

 

$

4.41

 

 

 

452,510

 

 

$

4.41

 

$7.50 - $11.25

 

 

61,317

 

 

 

2.48

 

 

 

10.19

 

 

 

61,317

 

 

 

10.19

 

$11.30 - $16.95

 

 

11,302

 

 

 

0.98

 

 

 

13.03

 

 

 

11,302

 

 

 

13.03

 

$19.70 - $29.55

 

 

2,347

 

 

 

0.36

 

 

 

20.98

 

 

 

2,347

 

 

 

20.98

 

$4.36 - $29.55

 

 

527,476

 

 

 

4.28

 

 

$

5.34

 

 

 

527,476

 

 

$

5.34

 

Summary of Stock Unit Activity

The following is a summary of RSU activity for the nine months ended September 30, 2021:

 

 

 

 

Number

Outstanding

 

 

Weighted Average

Fair Value

 

Unvested as of December 31, 2020

 

 

682,563

 

 

$

4.34

 

Granted

 

 

258,277

 

 

 

14.03

 

Vested

 

 

(335,631

)

 

 

5.57

 

Forfeited

 

 

(71,788

)

 

 

4.43

 

Unvested as of September 30, 2021

 

 

533,421

 

 

$

8.25

 

RSUs vested but not released

 

 

291,514

 

 

$

5.13

 

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 income (loss) for the three and nine months ended September 30, 2021 and 2020 (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Cost of revenue

 

$

49

 

 

$

43

 

 

$

130

 

 

$

124

 

Research and development

 

 

109

 

 

 

159

 

 

 

364

 

 

 

506

 

Selling and marketing

 

 

155

 

 

 

127

 

 

 

382

 

 

 

371

 

General and administrative

 

 

259

 

 

 

462

 

 

 

1,151

 

 

 

1,181

 

Total

 

$

572

 

 

$

791

 

 

$

2,027

 

 

$

2,182

 

 

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 nine months ended September 30, 2021:

 

 

 

Number

Outstanding

 

Unvested as of December 31, 2020

 

 

200,000

 

Granted

 

 

 

Vested

 

 

(23,500

)

Forfeited

 

 

(1,500

)

Unvested as of September 30, 2021

 

 

175,000