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Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense

The following tables present the Company’s stock-based compensation for stock-settled awards by type (i.e., stock options and restricted stock units (“RSUs”)) granted under the Company’s incentive plans, and rights to purchase shares of common stock issued under the Company’s Employee Stock Purchase Plan (“ESPP”) and financial statement lines included in the accompanying unaudited condensed consolidated statement of operations and comprehensive loss for the three and six months ended June 30:

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Options

 

$

257

 

 

$

757

 

 

$

647

 

 

$

1,588

 

RSUs

 

 

446

 

 

 

1,229

 

 

 

2,946

 

 

 

2,295

 

ESPP

 

 

 

 

73

 

 

 

 

 

118

 

Total stock-based compensation expense

 

$

703

 

 

$

2,059

 

 

$

3,593

 

 

$

4,001

 

 

 

 

 

Three months ended June 30,

 

 

 

2024

 

 

2023

 

 

 

Continuing operations

 

 

Discontinued operations

 

 

Total

 

 

Continuing operations

 

 

Discontinued operations

 

 

Total

 

 

 

(in thousands)

 

Cost of sales

 

$

8

 

 

$

 

 

$

8

 

 

$

79

 

 

$

12

 

 

$

91

 

Selling and marketing

 

 

68

 

 

 

 

 

 

68

 

 

 

589

 

 

 

7

 

 

 

596

 

General and administrative

 

 

601

 

 

 

 

 

 

601

 

 

 

1,165

 

 

 

19

 

 

 

1,184

 

Research and development

 

 

26

 

 

 

 

 

 

26

 

 

 

178

 

 

 

10

 

 

 

188

 

Total stock-based compensation expense

 

$

703

 

 

$

 

 

$

703

 

 

$

2,011

 

 

$

48

 

 

$

2,059

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30,

 

 

 

2024

 

 

2023

 

 

 

Continuing operations

 

 

Discontinued operations

 

 

Total

 

 

Continuing operations

 

 

Discontinued operations

 

 

Total

 

 

 

(in thousands)

 

Cost of sales

 

$

310

 

 

$

79

 

 

$

389

 

 

$

218

 

 

$

21

 

 

$

239

 

Selling and marketing

 

 

791

 

 

 

59

 

 

 

850

 

 

 

1,148

 

 

 

12

 

 

 

1,160

 

General and administrative

 

 

1,602

 

 

 

140

 

 

 

1,742

 

 

 

2,146

 

 

 

36

 

 

 

2,182

 

Research and development

 

521

 

 

91

 

 

 

612

 

 

 

402

 

 

 

18

 

 

 

420

 

Total stock-based compensation expense

 

$

3,224

 

 

$

369

 

 

$

3,593

 

 

$

3,914

 

 

$

87

 

 

$

4,001

 

Schedule of Unamortized Compensation Cost and Weighted Average Service Period of Unvested Outstanding Awards The following table presents the unamortized compensation cost and weighted average service period of all unvested outstanding awards as of June 30, 2024.

 

Unamortized Compensation Costs

 

 

Weighted Average Service Period

 

 

 

(in thousands)

 

 

(years)

 

Options

 

$

1,029

 

 

 

0.59

 

RSUs

 

 

3,869

 

 

 

1.78

 

Total unamortized compensation cost

 

$

4,898

 

 

 

 

Summary of Stock Option Activity under Incentive Plans

The following table summarizes stock option activity under the Company’s incentive plans:

 

Number
of Shares

 

 

Weighted
Average
Exercise Price Per
Share

 

 

Weighted- Average Remaining Contractual Life

 

 

Aggregate Intrinsic Value

 

 

 

 

 

 

 

 

 

(in years)

 

 

(in thousands)

 

Options outstanding, December 31, 2023

 

 

2,383,641

 

 

$

2.86

 

 

 

 

 

$

 

Forfeited/Expired

 

 

(646,470

)

 

$

2.63

 

 

 

 

 

 

 

Options outstanding, June 30, 2024

 

 

1,737,171

 

 

$

2.94

 

 

 

5.6

 

 

$

 

Options vested and exercisable, June 30, 2024

 

 

1,597,645

 

 

$

2.79

 

 

 

5.5

 

 

$

 

Summary of Non Vested Stock Options

The following table summarizes the non-vested stock options that were outstanding as of June 30, 2024 and December 31, 2023:

 

Number of Shares

 

 

Weighted
Average
Grant Date Fair Value

 

Non-vested Options, December 31, 2023

 

 

461,287

 

 

$

5.33

 

Non-vested Options, June 30, 2024

 

 

139,526

 

 

$

8.81

 

Summary of RSU Activity under Incentive Plans

The following table summarizes RSU activity under the Company’s incentive plans:

 

Number
of Shares

 

 

Weighted
Average
Grant Date Fair Value

 

RSUs outstanding, December 31, 2023

 

 

3,342,621

 

 

$

2.60

 

Granted

 

 

963,941

 

 

$

0.09

 

Vested

 

 

(1,117,092

)

 

$

2.93

 

Forfeited

 

 

(602,168

)

 

$

2.46

 

RSUs outstanding, June 30, 2024

 

 

2,587,302

 

 

$

1.55