Equity Incentive Plan (Tables)

6 Months Ended

Jun. 30, 2021

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
	Six Months Ended June 30, 2021		Six Months Ended June 30, 2020
Total fair value of stock options granted	$	2,293	$	8,766
Total fair value of options vested		252		-

Schedule of Black Scholes model for the Private Warrants

To estimate the fair value of the Private Warrants as of December 31, 2020 and June 30, 2021, the Company used a Black Scholes closed form model, which is a Level 3 fair value measurement. Significant inputs used in the Black Scholes model for the Private Warrants were as follows:

	December 31, 2020 & June 30, 2021
Expected volatility		16.00	%
Expected term (in years)		3.97
Risk free interest rate		1.74	%
Dividend yield		0.00	%
Exercise Price	$	11.50
Fair value of Common Stock	$	8.05

	Six Months Ended June 30, 2021	Six Months Ended June 30, 2020
Expected volatility	44.06% - 44.61%	37.63% - 40.98%
Expected term (in years)	6.0	6.0
Dividend yield	0.00%	0.00%
Risk-free interest rate	0.70% - 1.00%	1.43% - 0.45%

Stock Based Compensation Expense Included In Consolidated Statements of Comprehensive Loss

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

	Three Months Ended June 30, 2021		Three Months Ended June 30, 2020		Six Months Ended June 30, 2021		Six Months Ended June 30, 2020
Cost of revenues	$	348	$	326	$	690	$	681
General and administrative		410		261		806		491
Research and development		72		67		136		140
Sales and marketing		188		160		364		327
Total	$	1,018	$	814	$	1,996	$	1,639

Restricted Stock Units [Member]

Schedule of RSUs Activity Under 2019 Plan

The following table summarizes the Company’s RSU activity:

Description	RSUs Outstanding
Balance at December 31, 2020		1,290,432
Granted		434,538
Vested		(103,622	)
Forfeited		(81,656	)
Expired		-
Balance at June 30, 2021		1,539,692

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, 2020		4,260,753		$	8.46		9.0	$	54
Granted		1,277,771			8.02
Exercised		(4,676	)		8.00
Forfeited		(285,592	)		8.25
Expired		(18,017	)		8.00
Options Outstanding, June 30, 2021		5,230,239		$	8.36		8.8	$	5
Options Vested and Exercisable, June 30, 2021		1,330,862		$	8.38		8.4	$	-
Options Vested and Expected to Vest, June 30, 2021		5,230,239		$	8.36		8.8	$	5

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

Schedule of Black Scholes model for the Private Warrants

The following table summarizes the assumptions used in the valuation models to determine the fair value of stock options granted to employees and non-employee directors: