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Stock-based Compensation (Tables)
3 Months Ended
Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Weighted Average Assumptions Used to Estimate the Fair Value of Options Granted

The following table presents the weighted-average assumptions used to estimate the fair value of options granted during the periods indicated:

 

 

 

Three Months Ended

 

 

 

March 31, 2019

 

Weighted average grant date fair value

 

$

0.99

 

Expected dividend yield

 

 

—

%

Expected stock price volatility

 

 

61

%

Risk-free interest rate

 

 

2.6

%

Expected life of options (in years)

 

 

6.25

 

Schedule of Total Stock Based Compensation Expense

 

Total stock-based compensation expense included in the accompanying condensed consolidated statements of operations for the periods presented, is as follows (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2019

 

 

2018

 

Technology and development

 

$

103

 

 

$

134

 

Sales and marketing

 

 

115

 

 

 

138

 

General and administrative

 

 

113

 

 

 

281

 

Total stock-based compensation expense

 

$

331

 

 

$

553

 

 

Summary of Stock Option Activity

Stock Option Activity – A summary of the stock option activity for the three months ended March 31, 2019 is presented below:

 

 

 

Number of

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term (years)

 

 

Aggregate

Intrinsic

Value (in

thousands)

 

Outstanding at January 1, 2019

 

 

7,669,093

 

 

$

2.51

 

 

 

 

 

 

 

 

 

Granted

 

 

120,200

 

 

 

1.68

 

 

 

 

 

 

 

 

 

Exercised

 

 

(24,819

)

 

 

1.49

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(41,512

)

 

 

2.15

 

 

 

 

 

 

 

 

 

Expired

 

 

(167,847

)

 

 

2.61

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2019

 

 

7,555,115

 

 

$

2.50

 

 

 

6.26

 

 

$

58

 

Vested and expected to vest at March 31, 2019

 

 

7,410,324

 

 

$

2.50

 

 

 

6.21

 

 

$

58

 

Vested and exercisable at March 31, 2019

 

 

5,652,596

 

 

$

2.54

 

 

 

5.51

 

 

$

49

 

Summary of RSU Activity

RSU Activity —A summary of RSU activity for the three months ended March 31, 2019 is as follows:

 

 

 

Number of Shares

 

 

Weighted Average

Fair Value

 

Unvested—January 1, 2019

 

 

11,346

 

 

$

3.60

 

Granted

 

 

383,500

 

 

 

1.76

 

Released

 

 

(416

)

 

 

3.04

 

Forfeited

 

 

—

 

 

 

—

 

Unvested—March 31, 2019

 

 

394,430

 

 

$

1.81

 

Unvested expected to vest —March 31, 2019

 

 

394,430

 

 

$

1.81