STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

STOCK-BASED COMPENSATION

Summary of equity incentive program

A summary of our equity incentive program as of December 31, 2023, is as follows (in thousands):

Common stock shares available for grant	4341
Stock options outstanding	—
RSUs outstanding	1,128
RSAs outstanding	75
PSUs outstanding	400

Summary of time-based stock options

The following summarizes activities for the time-based stock options for the years ended December 31, 2023:

	Number of Shares Underlying Stock Options (in thousands)		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2022	140		$	7.57	4.03	$	—
Granted	—		—
Exercised	(21	)	7.54
Canceled or expired	(119	)	7.57
Outstanding as of December 31, 2023	—		$	—	—	$	—
Vested and expected to vest at December 31, 2023	—		$	—	—	$	—
Exercisable at December 31, 2023	—		$	—	—	$	—

Summary of restricted stock units activities

The following summarizes RSU activities for the year ended December 31, 2023:

	Number of Restricted Stock Units  (in thousands)		Weighted Average Grant Date Fair Value Per Share		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2022	887		$	5.85	1.31	$	6,226
Granted	527		7.16
Released	(234	)	5.10
Forfeited	(52	)	6.91
Outstanding at December 31, 2023	1,128		$	6.57	1.05	$	7,964

Summary of restricted stock awards activities

The following summarizes RSA activities for the year ended December 31, 2023:

	Number of Restricted Stock Awards (in thousands)		Weighted Average Grant Date Fair Value Per Share		Weighted Average Remaining Recognition Period (Years)
Outstanding at December 31, 2022	119		$	5.47	0.39
Granted	75		8.31
Released	(119	)	5.47
Forfeited	—		—
Outstanding at December 31, 2023	75		$	8.31	0.24

Summary of market condition-based performance restricted stock units (“PSUs”) activities

The following summarizes PSU activities for the year ended December 31, 2023:

 

	Number of Market Condition-Based Restricted Stock Units (in thousands)		Weighted Average Grant Date Fair Value Per Share		Weighted Average Remaining Recognition Period (Years)
Outstanding at December 31, 2022	615		$	3.69	1.12
Granted	—		—
Released	(206	)	3.73
Forfeited	(9	)	6.20
Outstanding at December 31, 2023	400		$	3.63	0.00

Summary of assumptions used to value market condition-based restricted stock units granted

The assumptions used to value market condition-based restricted stock units granted during the year ended December 31, 2022 under our equity incentive program are as follows:

	Year Ended December 31, 2022
Expected life (in years)	1.2
Volatility	58	%
Interest rate	1.7	%
Dividend yield	—

Summary of stock-based compensation expenses

The stock-based compensation related to all of our stock-based awards and ESPP for the year ended December 31, 2023 and 2022 is as follows (in thousands):

	Years Ended December 31,
	2023			2022
Stock options	$	(30	)	$	120
RSUs, RSAs and PSUs		3,425			3,295
ESPP		—			2
Total	$	3,395		$	3,417
Sales and marketing	$	412		$	61
Research and development		(69	)		117
General and administrative		3,052			3,239
Total	$	3,395		$	3,417