10.

Share option and equity incentive plan

The impact on the Company’s results of operations from share-based compensation was as follows:

	Three months ended March 31,
(in thousands)	2020		2019
Cost of revenue	$	22	$	4
Research and development		134		(18	)
Sales and marketing		305		224
General and administrative		496		635
Total share-based compensation	$	957	$	845

November 2013,

in connection with the Company’s initial public offering, the Company adopted the

2013

Share Incentive Plan, or the

2013

Plan, which provides for the grant of share options, restricted shares, RSUs, and other share-based awards to employees, officers, directors and consultants of the Company. The

2013

Plan was amended at the Company's

2017

Annual General Meeting of shareholders.

During the

three

-month period ended

March 31, 2020

, the Company granted to certain employees

347,476

share options with an exercise price of

$12.19

per share under the

2013

Plan. The weighted-average grant date fair value related to share options granted under the

2013

Plan during the

three

-month period ended

March 31, 2020

was

$5.02

per share. Share options generally vest based on the grantee’s continued service with the Company during a specified period following the vesting start date and expire after

ten

years.

During the

three

-month period ended

March 31, 2020

, the Company awarded

251,657

RSUs. RSUs vest based on the grantee’s continued service with the Company during a specified period following grant as follows:

40%

on the

second

anniversary of the vesting start date;

30%

on the

third

anniversary of the vesting start date; and

30%

on the

fourth

anniversary of the vesting start date. Share-based compensation expense for these RSUs is calculated based on the grant date market price of the shares and is being recognized over the vesting period.

For the

three

months ended

March 31, 2020

, the Company incurred shared-based compensation expense related to share options and RSUs of

$636,000

and

$321,000,

respectively.

For the

three

months ended

March 31, 2019

, the Com

pany incurred shared-based compensation expense related to share options and RSUs of

$649,000

and

$196,000,

respectively.

As of

March 31, 2020

, there was

$4.4

million and

$5.9

million of total unrecognized compensation cost related to unvested share options and RSUs, respectively. These costs are expected to be recognized over weighted-average periods of

2.2

years for share options and

3.1

years for RSUs.