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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Activity

The following is a summary of stock option activity during the three months ended March 31, 2023:

 

 

 

Options Outstanding

 

 

 

Number of
Options

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life (years)

 

 

Aggregate
Intrinsic
Value

 

Balance—January 1, 2023

 

 

368,596

 

 

$

9.26

 

 

 

5.89

 

 

$

 

Options granted

 

 

 

 

$

 

 

 

 

$

 

Options exercised

 

 

 

 

$

 

 

 

 

$

 

Options canceled

 

 

(6,263

)

 

$

7.66

 

 

 

 

$

 

Balance—March 31, 2023

 

 

362,333

 

 

$

9.29

 

 

 

5.75

 

 

$

 

Exercisable as of March 31, 2023

 

 

362,333

 

 

$

9.29

 

 

 

5.75

 

 

$

 

Vested and expected to vest as of March 31, 2023

 

 

362,333

 

 

$

9.29

 

 

 

5.75

 

 

$

 

 

Summary of Restricted Stock Award Activity

A summary of restricted stock award activity within the Company’s equity plans and changes for the three months ended March 31, 2023 is as follows:

 

Restricted Stock Awards

 

Shares

 

 

Weighted
Average Grant-
Date Fair Value

 

Nonvested at January 1, 2023

 

 

4,223,023

 

 

$

4.85

 

Granted

 

 

668,104

 

 

$

0.93

 

Vested

 

 

(277,479

)

 

$

7.38

 

Forfeited

 

 

(586,233

)

 

$

3.46

 

Nonvested at March 31, 2023

 

 

4,027,415

 

 

$

4.21

 

 

Summary of Total Stock-based Compensation Expense by Function The following table summarizes the total stock-based compensation expense by function, including expense related to consultants, for the three months ended March 31, 2022 and 2023 (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2023

 

 

 

(in thousands)

 

Sales and distribution expenses

 

$

347

 

 

$

671

 

Research and development expenses

 

 

274

 

 

 

434

 

General and administrative expenses

 

 

2,244

 

 

 

1,212

 

Total stock-based compensation expense

 

$

2,865

 

 

$

2,317