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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Fair Values of Stock Option Grants Estimated with Weighted Average Assumptions The fair values of our stock option grants were estimated with the following weighted average assumptions:

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Dividend yield

 

 

0

%

 

 

0

%

Expected life

 

4.9 years

 

 

6.0 years

 

Expected volatility

 

 

60

%

 

 

64

%

Risk-free interest rate

 

 

1.1

%

 

 

2.2

%

Stock-Based Compensation Expense

 

The impact on our results of operations from stock-based compensation expense was as follows (in thousands, except per share amounts):

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Cost of revenue — Edge to Cloud

 

$

4

 

 

$

6

 

Selling, general and administrative

 

 

206

 

 

 

188

 

Research and development

 

 

5

 

 

 

(26

)

Total stock-based compensation expense

 

$

215

 

 

$

168

 

Summary of Stock Option Activity

The following table summarizes stock option activity under the Plans:

 

 

 

 

 

 

 

 

 

 

 

Weighted

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

 

 

 

 

 

Number of

 

 

Weighted

Average

 

 

Contractual

Life

 

 

Aggregate

 

 

 

Shares

 

 

Exercise Price

 

 

(in years)

 

 

Intrinsic Value

 

Balance at December 31, 2019

 

 

1,544,826

 

 

$

2.74

 

 

 

7.47

 

 

$

46,582

 

Granted

 

 

564,900

 

 

 

1.02

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(1,500

)

 

 

4.02

 

 

 

 

 

 

 

 

 

Expired

 

 

(168,448

)

 

 

4.79

 

 

 

 

 

 

 

 

 

Balance at March 31, 2020

 

 

1,939,778

 

 

 

2.06

 

 

 

8.62

 

 

 

 

Vested and expected to vest at March 31, 2020

 

 

1,631,708

 

 

 

2.19

 

 

 

8.46

 

 

 

 

Exercisable at March 31, 2020

 

 

467,687

 

 

$

3.88

 

 

 

6.14

 

 

$

 

Summary of Certain Additional Information about Stock Options The following table summarizes certain information about stock options:

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Weighted average grant-date fair value of options granted during the period

 

$

1.02

 

 

$

1.97

 

Options in-the-money (in shares)

 

 

 

 

 

6,000

 

Aggregate intrinsic value of options exercised during the period

 

$

 

 

$

 

 

Summary of Restricted Stock Unit Activity

The following table summarizes RSU activity under the Plans:

 

 

 

Number of

 

 

Weighted Average

 

 

 

Shares

 

 

Award Price

 

Unvested at December 31, 2019

 

 

112,846

 

 

$

1.44

 

Granted

 

 

 

 

 

 

Vested

 

 

(56,425

)

 

 

1.44

 

Forfeited

 

 

 

 

 

 

Unvested at March 31, 2020

 

 

56,421

 

 

$

1.44

 

Expected to vest after March 31, 2020

 

 

159,795

 

 

$

1.44

 

Summary of Shares of Common Stock Reserved for Future Issuance under Plans

The following table summarizes our shares of common stock reserved for future issuance under the Plans as of March 31, 2020:

 

 

 

March 31, 2020

 

Stock options outstanding

 

 

1,939,778

 

Restricted stock units outstanding

 

 

56,421

 

Stock options and restricted stock units available for future grant

 

 

1,335,084

 

Common stock reserved for future issuance

 

 

3,331,283