XML 46 R32.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Equity Incentive Plan (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of share-based compensation expense
Share-based compensation expense in the following expense categories in the condensed consolidated statements of operations and comprehensive loss was as follows for the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
General and administrative$670 $381 $1,206 $738 
Sales and marketing19364325123
Research and development24493418184
Cost of revenues46278753
  Total share-based compensation$1,152 $565 $2,037 $1,098 
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:
Six Months Ended June 30,
20242023
Expected term (in years)5.95.9
Expected volatility61.8 %54.4 %
Risk-free rate4.4 %1.9 %
Dividend rate— — 
Schedule of stock options and stock appreciate rights activity
The following table summarizes stock option and SARs activity for the six months ended June 30, 2024:
Number of
Shares under
Equity Plan
Weighted-
Average
Exercise
Price per Option
Weighted-
Average
Remaining
Contractual
Life (in years)
Outstanding at December 31, 20239,342,589$1.94 7.2
Granted169,550$3.92 
Exercised(278,808)$0.88 
Forfeited and expired(97,273)$3.59 
Outstanding at June 30, 20249,136,058$2.00 6.7
Exercisable at June 30, 20246,486,698$1.74 6.2
Vested and expected to vest at June 30, 20249,136,058$2.00 6.7
Schedule of restricted stock units and stock bonus awards activity
The following table summarizes RSU activity for the six months ended June 30, 2024:
Number of
Shares under
Equity Plan
Weighted
Average
Grant Date
Fair Value
Outstanding at December 31, 2023303,688$4.91 
Granted1,906,800$3.94 
Vested(111,783)$3.91 
Forfeited and expired(29,687)$4.39 
Outstanding at June 30, 20242,069,018$4.08 
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 SharesStock Price ThresholdOption Expiration
1317,688$9.00March 3, 2031
246,273$9.00March 21, 2031
3363,961$13.50March 21, 2031
  Total727,922