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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

The stock-based compensation expense attributable to continuing operations was included in the unaudited condensed consolidated statements of operations and comprehensive loss as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(in thousands)
Imagery & software analytical service costs, excluding depreciation and amortization	$	304	$	—	$	1,105	$	—
Engineering & systems integration costs, excluding depreciation and amortization	44		—		165		—
Selling, general and administrative	2,638		264		11,956		772
Total stock-based compensation expense	$	2,986	$	264	$	13,226	$	772

Schedule of Share-based Payment Arrangements, Stock Options, Valuation Assumptions

A summary of the weighted-average assumptions used by the Company is presented below for the six months ended June 30, 2022; there were no stock options awarded during the six months ended June 30, 2021:


Fair value per common share	$2.10
Weighted-average risk-free interest rate	3.20	%
Volatility	33.90	%
Expected term (in years)	8.0
Dividend rate	0	%

Share-based Payment Arrangement, Option, Activity

A summary of the Company’s stock option activity under the Plans during the six months ended June 30, 2022 is presented below:


	Options	Weighted-Average Exercise Price		Weighted Average Contractual Term	Aggregate Intrinsic Value
	(in thousands)			(in years)	(in thousands)
Outstanding - January 1, 2022	5,022	$	4.4914
Granted	294	2.1000
Exercised	(584)	0.0431
Forfeited	(42)	0.0121
Outstanding - June 30, 2022	4,690	4.9357		8.52	$	3,310
Exercisable - June 30, 2022	1,005	0.5100		6.56	1,810

Nonvested Restricted Stock Shares Activity

A summary of the Company’s nonvested RSA activity during the six months ended June 30, 2022 is presented below:


	Restricted Stock Awards	Weighted-Average Grant-Date Fair Value
	(in thousands)
Nonvested - January 1, 2022	335	$	0.0121
Vested	(156)	0.0121
Canceled	(79)	0.0121
Nonvested - June 30, 2022	100	0.0121

Share-based Payment Arrangement, Restricted Stock Unit, Activity

A summary of the Company’s nonvested RSU activity during the six months ended June 30, 2022 is presented below:


	Restricted Stock Units	Weighted-Average Grant-Date Fair Value
	(in thousands)
Nonvested - January 1, 2022	10,959	$	6.7675
Granted	1,429	1.8851
Vested	(5,336)	6.9981
Canceled	(204)	6.7167
Nonvested - June 30, 2022	6,848	5.5709