Stock-Based Compensation

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

The following table reflects the components of stock-based compensation expense recognized in the Company's Consolidated Statements of Operations:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Phantom units:
Cost of revenue	$	—	9		$	27	$	25
Selling, general and administrative	—		12		(23)		39
Research and development	—		18		36		11
Total phantom units stock-based compensation expense	—		39		40		75
Stock options:
Cost of revenue	27		—		55		—
Selling, general and administrative	483		75		947		90
Research and development	75		—		118		—
Total stock options stock-based compensation expense	585		75		1,120		90
Restricted stock units:
Cost of revenue	—		6		9		11
Selling, general and administrative	50		377		571		1,580
Research and development	—		24		23		41
Total restricted stock units stock-based compensation expense	50		407		603		1,632

Discontinued operations	—		5		(79)		52
Total stock-based compensation expense	635		526		1,684		1,849
Amount capitalized to internal-use software	23		14		71		105
Total stock-based compensation cost	$	658	$	540	$	1,755	$	1,954

Phantom Unit Plan

The following table summarizes the activity related to the unvested phantom units during the three and nine months ended September 30, 2020:


	Number of Units	Weighted- Average Grant Date Value Per Phantom Unit
Unvested phantom units outstanding - December 31, 2019	120,562	$	11.49


Forfeited	(5,454)	$	14.24
Unvested phantom units outstanding - March 31, 2020	115,108	$	11.38

Vested	(111,699)	$	11.32
Forfeited	(3,409)	$	14.30
Unvested phantom units outstanding - June 30, 2020	—	$	—



Unvested phantom units outstanding - September 30, 2020	—	$	—

During the nine months ended September 30, 2020, the Company issued 64,048 shares of common stock to participants of the Phantom Unit Plan based in the United States.

2016 Equity Incentive Plan

Stock Options

The following table summarizes the activity related to stock options during the three and nine months ended September 30, 2020:


	Number of Shares	Weighted-Average Exercise Price
Stock options outstanding - December 31, 2019	5,815,724	$	0.56


Forfeited	(270,000)	$	0.55
Stock options outstanding - March 31, 2020	5,545,724	$	0.56
Granted	300,000	$	2.52

Forfeited	(265,000)	$	0.55
Stock options outstanding - June 30, 2020	5,580,724	$	0.67
Granted	4,895,000	$	3.84
Exercised	(190,000)	$	0.55
Forfeited	(135,000)	$	2.01
Stock options outstanding - September 30, 2020	10,150,724	$	2.18
Stock options exercisable - September 30, 2020	2,860,724	$	0.57

As of September 30, 2020, the Company had $12,524 of unrecognized stock-based compensation expense related to the stock options. This cost is expected to be recognized over a weighted-average period of 3.0 years.

The Company settles all exercised stock options by issuing shares of the Company's common stock without netting down the portion related to payroll withholding tax obligations.

Restricted Stock Units

The following table summarizes the activity related to the unvested restricted stock units during the three and nine months ended September 30, 2020:


	Number of Units	Weighted-Average Grant Date Fair Value
Unvested restricted stock units outstanding - December 31, 2019	705,415	$	2.68
Granted	179,558	$	1.81

Forfeited	(10,954)	$	3.39
Unvested restricted stock units outstanding - March 31, 2020	874,019	$	2.49

Vested	(540,711)	$	3.10
Forfeited	(80,000)	$	1.14
Unvested restricted stock units outstanding - June 30, 2020	253,308	$	1.64



Unvested restricted stock units outstanding - September 30, 2020	253,308	$	1.64

Unrecognized compensation expense related to unvested restricted stock units was $326 at September 30, 2020, which is expected to be recognized as expense over the weighted-average period of 1.0 year.

During the nine months ended September 30, 2020, the Company issued 391,738 shares of common stock to participants of the 2016 Plan based in the United States.