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Equity Incentive Plan (Tables)
3 Months Ended
Mar. 31, 2024
Schedule of Additional Information on Stock Option Grants And Vesting

The following table summarizes additional information on stock option grants and vesting (in thousands):

 

 

 

2019 Plan

 

 

 

Three Months Ended March 31, 2024

 

 

Three Months Ended March 31, 2023

 

Total fair value of options vested

 

 

1,440

 

 

 

1,465

 

Stock Based Compensation Expense Included In Condensed Consolidated Statements of Comprehensive Loss

Stock-based compensation expense is included in the Company’s Condensed Consolidated Statements of Comprehensive Loss within the following line items (in thousands):

 

 

 

Three Months Ended March 31, 2024

 

 

Three Months Ended March 31, 2023

 

Cost of revenues

 

$

196

 

 

$

227

 

General and administrative

 

 

388

 

 

 

443

 

Research and development

 

 

87

 

 

 

76

 

Sales and marketing

 

 

76

 

 

 

87

 

Total

 

$

747

 

 

$

833

 

Restricted Stock Units [Member]  
Schedule of RSUs Activity Under 2019 Plan

The following table summarizes the Company’s RSU activity for performance based RSUs awarded to employees and for time-based RSUs granted to non-employee directors under the 2019 Plan:

Description

 

RSUs
Outstanding

 

Outstanding at December 31, 2023

 

 

2,429,289

 

Granted

 

 

 

Vested - non-employee director awards

 

 

(50,505

)

Forfeited

 

 

(1,737

)

Expired

 

 

 

Outstanding at March 31, 2024

 

 

2,377,047

 

2019 Plan [Member]  
Schedule of Stock Option Activity Under 2019 Plan

The following table summarizes the Company’s stock option activity under the 2019 Plan:

 

Description

 

Options
Outstanding

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Term (Years)

 

 

Aggregate
Intrinsic
Value (1)

 

Options outstanding, December 31, 2023

 

 

6,529,092

 

 

$

6.88

 

 

 

6.9

 

 

$

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

(63,032

)

 

 

8.20

 

 

 

 

 

 

 

Options outstanding, March 31, 2024

 

 

6,466,060

 

 

$

6.86

 

 

 

6.9

 

 

$

 

Options vested and exercisable, March 31, 2024

 

 

5,097,383

 

 

$

8.05

 

 

 

6.4

 

 

$

 

Options vested and expected to vest, March 31, 2024

 

 

6,466,060

 

 

$

6.86

 

 

 

6.9

 

 

$

 

_______________________________

(1)
Aggregate intrinsic value (in thousands) represents the difference between the estimated fair value of the underlying Common Stock and the exercise price of outstanding in-the-money options.