Equity Incentive Plan (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of share-based compensation expense

The Company recorded share-based compensation expense in the following expense categories in the condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2024 and 2023:

	Three Months Ended March 31,
	2024		2023
General and administrative	$	537	$	357
Sales and marketing	133		59
Research and development	174		91
Cost of revenues	41		26
Total share-based compensation	$	885	$	533

Schedule of fair value of stock options and stock appreciation rights weighted average assumptions

The grant date fair value of stock options and stock appreciation rights was estimated using a Black-Scholes option pricing model with the following weighted average assumptions:

	Three Months Ended March 31,
	2024		2023
Expected term (in years)	6.0		5.9
Expected volatility	57.6	%	57.1	%
Risk-free rate	4.3	%	4.0	%
Dividend rate	—		—

Schedule of stock options and stock appreciate rights activity

The following table summarizes stock option and SARs activity for the three months ended March 31, 2024:

	Number of Shares under Equity Plan	Weighted- Average Exercise Price per Option		Weighted- Average Remaining Contractual Life (in years)
Outstanding at December 31, 2023	9,342,589	$	1.94	7.2
Granted	118,050	$	4.39
Exercised	(67,825)	$	1.26
Forfeited and expired	(53,949)	$	4.34
Outstanding at March 31, 2024	9,338,865	$	1.97	6.9
Exercisable at March 31, 2024	6,349,935	$	1.66	6.4
Vested and expected to vest at March 31, 2024	9,338,865	$	1.97	6.9

Schedule of restricted stock units and stock bonus awards activity

The following table summarizes RSU activity for the three months ended March 31, 2024:

	Number of Shares under Equity Plan	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2023	303,688	$	4.91
Granted	1,393,198	$	4.37
Vested	—	$	—
Forfeited and expired	(10,500)	$	4.39
Outstanding at March 31, 2024	1,686,386	$	4.47

Schedule of options vesting information

These options vest based on the CEO’s continued service in addition the Company's stock price reaching the following thresholds for a minimum of 20 out of 30 trading days before the option expiration dates:

Tranche	Number of Option Shares	Stock Price Threshold	Option Expiration
1	317,688	$9.00	March 3, 2031
2	46,273	$9.00	March 21, 2031
3	363,961	$13.50	March 21, 2031
Total	727,922