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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 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

 

 

(168,564

)

 

$

9.32

 

 

 

 

$

 

Balance—June 30, 2023

 

 

200,032

 

 

$

9.21

 

 

 

5.41

 

 

$

 

Exercisable as of June 30, 2023

 

 

200,032

 

 

$

9.21

 

 

 

5.41

 

 

$

 

Vested and expected to vest as of June 30, 2023

 

 

200,032

 

 

$

9.21

 

 

 

5.41

 

 

$

 

 

Summary of Restricted Stock Award Activity

A summary of restricted stock award activity within the Company’s equity plans and changes for the six months ended June 30, 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

 

 

8,090,965

 

 

$

0.61

 

Vested

 

 

(2,458,850

)

 

$

3.00

 

Forfeited

 

 

(1,128,411

)

 

$

4.13

 

Nonvested at June 30, 2023

 

 

8,726,727

 

 

$

1.53

 

 

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 and six months ended June 30, 2022 and 2023 (in thousands):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2023

 

 

2022

 

 

2023

 

 

 

(in thousands)

 

 

(in thousands)

 

Sales and distribution expenses

 

$

2,882

 

 

$

1,091

 

 

$

3,229

 

 

$

1,761

 

Research and development expenses

 

 

633

 

 

 

423

 

 

 

907

 

 

 

857

 

General and administrative expenses

 

 

2,533

 

 

 

1,709

 

 

 

4,777

 

 

 

2,921

 

Total stock-based compensation expense

 

$

6,048

 

 

$

3,223

 

 

$

8,913

 

 

$

5,539