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Stock-Based Compensation
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation

8. Stock-Based Compensation

Stock-based compensation expense was allocated as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cost of revenues

 

$

90

 

 

$

46

 

 

$

214

 

 

$

81

 

Sales and marketing

 

 

157

 

 

 

70

 

 

 

332

 

 

 

136

 

Research and development

 

 

213

 

 

 

133

 

 

 

437

 

 

 

231

 

General and administrative

 

 

340

 

 

 

130

 

 

 

674

 

 

 

193

 

Total

 

$

800

 

 

$

379

 

 

$

1,657

 

 

$

641

 

For stock-based awards granted by the Company, stock-based compensation cost is measured at grant date based on the fair value of the award and is expensed over the requisite service period. Stock-based compensation capitalized as internally developed software was $24 and $50 for the three and six months ended June 30, 2022, respectively, and was $26 and $40 for the three and six months ended June 30, 2021, respectively.

Stock Options

There were no grants or exercises of stock options during the three and six months ended June 30, 2022 and 2021.

Compensation expense, net of forfeitures, is recognized ratably over the requisite service period. As of June 30, 2022, there was $66 of unrecognized compensation expense related to stock options, which is expected to be recognized over a weighted-average period of 0.3 years.

RSUs

As of June 30, 2022, there was $4,889 of unrecognized compensation expense related to RSUs, which is expected to be recognized over a weighted-average period of 1.7 years. The Company uses the fair market value of the underlying common stock on the dates of grant to determine the fair value of RSUs.

Employee Stock Purchase Plan

The Company estimates the fair value of purchase rights under the 2013 ESPP using the Black-Scholes valuation model. The fair value of each purchase right under the 2013 ESPP is estimated on the date of grant using the Black-Scholes option valuation model and the straight-line attribution approach with assumptions substantially similar to those used for the valuation of stock option awards, with the exception of the expected life. The expected life is estimated to be six months, which is consistent with the purchase periods under the 2013 ESPP.