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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Assumptions for Fair Value of Stock Options

The fair value of the employee stock options granted during the period was estimated on the respective grant date using a Black-Scholes option-pricing model with the following weighted-average assumptions: 

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Expected term (in years)

 

 

6.1

 

 

 

6.1

 

 

 

6.0

 

 

 

6.0

 

Risk-free interest rate

 

 

2.0

%

 

 

1.3

%

 

 

2.1

%

 

 

1.3

%

Expected volatility

 

 

54

%

 

 

55

%

 

 

55

%

 

 

54

%

Expected dividend rate

 

 

—

%

 

 

—

%

 

 

—

%

 

 

—

%

 

Schedule of Stock-based Compensation Expense, Net of Estimated Forfeitures

Stock-based compensation expense, net of estimated forfeitures, was included in the following line items on the Condensed Consolidated Statements of Operations (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Cost of revenue

 

$

38

 

 

$

101

 

 

$

144

 

 

$

408

 

Research and development

 

 

61

 

 

 

223

 

 

 

306

 

 

 

759

 

Sales and marketing

 

 

28

 

 

 

178

 

 

 

97

 

 

 

568

 

General and administrative

 

 

115

 

 

 

384

 

 

 

674

 

 

 

1,201

 

Total stock-based compensation

 

$

242

 

 

$

886

 

 

$

1,221

 

 

$

2,936

 

 

Schedule of Stock-based Compensation Expense, Net of Estimated Forfeitures, by Grant Type

The following table presents stock-based compensation expense, net of estimated forfeitures, by grant type (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Stock options

 

$

197

 

 

$

770

 

 

$

1,095

 

 

$

2,518

 

Restricted stock awards and restricted stock units (RSUs)

 

 

45

 

 

 

116

 

 

 

126

 

 

 

418

 

Total stock-based compensation

 

$

242

 

 

$

886

 

 

$

1,221

 

 

$

2,936

 

 

Schedule of Unrecognized Compensation Expense, Net of Forfeitures, Expected to be Recognized Over Weighted-average Periods

The following table presents unrecognized compensation expense, net of estimated forfeitures, related to the Company’s equity compensation plans as of September 30, 2017, which is expected to be recognized over the following weighted-average periods (in thousands, except for weighted-average period): 

 

 

 

Unrecognized

 

 

Weighted-

 

 

 

Compensation

 

 

Average Period

 

 

 

Expense

 

 

(in years)

 

Stock options

 

$

1,218

 

 

 

2.9

 

RSUs

 

$

280

 

 

 

2.4

 

 

Schedule of Grants Made by Entity

The following table presents details on grants made by the Company for the following periods: 

 

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2017

 

 

September 30, 2016

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Average Grant

 

 

 

 

 

 

Average Grant

 

 

 

Shares Granted

 

 

Date Fair Value

 

 

Shares Granted

 

 

Date Fair Value

 

Stock options

 

 

1,893,500

 

 

$

1.03

 

 

 

2,285,000

 

 

$

0.69

 

RSUs

 

 

300,000

 

 

$

0.96

 

 

 

200,000

 

 

$

0.99

 

 

Schedule of Reserved Shares of Common Stock

As of September 30, 2017 and December 31, 2016, the Company had reserved shares of common stock for issuance as follows:

 

 

 

As of September 30, 2017

 

 

As of December 31, 2016

 

Number of stock options outstanding

 

 

7,635,846

 

 

 

10,048,607

 

Number of RSUs outstanding

 

 

524,765

 

 

 

323,663

 

Shares available for future grant

 

 

9,556,981

 

 

 

5,163,386

 

Total shares reserved

 

 

17,717,592

 

 

 

15,535,656