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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Activity for Stock Option Plans

A summary of stock option activity for the nine months ended September 30, 2022 is as follows:

 

 

 

Number

Outstanding

 

 

Weighted Average Exercise

Price per Share

 

 

Weighted Average

Remaining

Contractual Term

(Years)

 

 

Aggregate

Intrinsic

Value

 

Balance as of December 31, 2021

 

 

514,693

 

 

$

5.11

 

 

 

4.11

 

 

$

11,850,930

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled or Expired

 

 

(8,883

)

 

 

8.41

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of September 30, 2022

 

 

505,810

 

 

$

5.06

 

 

 

3.42

 

 

$

3,785,283

 

Vested or expected to vest as of September 30, 2022

 

 

505,810

 

 

$

5.06

 

 

 

3.42

 

 

$

3,785,283

 

Exercisable as of September 30, 2022

 

 

505,810

 

 

$

5.06

 

 

 

3.42

 

 

$

3,785,283

 

Summary Information about Options Outstanding

The following table summarizes information about stock options outstanding as of September 30, 2022:

 

 

 

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

 

 

445,960

 

 

 

3.68

 

 

$

4.37

 

 

 

445,960

 

 

$

4.37

 

$7.50 - $11.25

 

 

59,317

 

 

 

1.54

 

 

 

10.18

 

 

 

59,317

 

 

 

10.18

 

$11.30 - $16.95

 

 

500

 

 

 

1.50

 

 

 

11.30

 

 

 

500

 

 

 

11.30

 

$19.70 - $29.55

 

 

33

 

 

 

0.87

 

 

 

19.70

 

 

 

33

 

 

 

19.70

 

$4.36 - $29.55

 

 

505,810

 

 

 

3.42

 

 

$

5.06

 

 

 

505,810

 

 

$

5.06

 

Summary of Stock Unit Activity

The following is a summary of RSU activity for the nine months ended September 30, 2022:

 

 

 

Number

Outstanding

 

 

Weighted Average

Fair Value

 

Unvested as of December 31, 2021

 

 

485,729

 

 

$

9.19

 

Granted

 

 

275,807

 

 

 

17.16

 

Vested

 

 

(212,600

)

 

 

8.75

 

Forfeited

 

 

(44,192

)

 

 

8.92

 

Unvested as of September 30, 2022

 

 

504,744

 

 

$

13.76

 

RSUs vested but not released

 

 

215,735

 

 

$

6.45

 

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, 2022 and 2021 (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cost of revenue

 

$

39

 

 

$

49

 

 

$

138

 

 

$

130

 

Research and development

 

 

239

 

 

 

109

 

 

 

780

 

 

 

364

 

Selling and marketing

 

 

223

 

 

 

155

 

 

 

606

 

 

 

382

 

General and administrative

 

 

351

 

 

 

259

 

 

 

1,041

 

 

 

1,151

 

Total

 

$

852

 

 

$

572

 

 

$

2,565

 

 

$

2,027

 

 

 

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, 2022:

 

 

 

Number

Outstanding

 

Unvested as of December 31, 2021

 

 

175,000

 

Granted

 

 

 

Vested

 

 

(20,000

)

Forfeited

 

 

(80,000

)

Unvested as of September 30, 2022

 

 

75,000