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Equity Incentive and Other Plans (Tables)
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

Stock option activity under the 2021 Plan for the periods presented was as follows:

 

 

Number of
Shares

 

 

Weighted Average
Exercise Price

 

 

Aggregate
Intrinsic Value

 

 

Weighted Average
Remaining Contractual
Term (in years)

 

Outstanding at January 1, 2024

 

 

4,976

 

 

$

39.60

 

 

$

—

 

 

 

8.64

 

Outstanding at March 31, 2024

 

 

4,976

 

 

 

39.60

 

 

$

—

 

 

 

8.39

 

Outstanding at June 30, 2024

 

 

4,976

 

 

$

39.60

 

 

$

—

 

 

 

8.14

 

Forfeited or expired

 

 

(4,952

)

 

 

39.60

 

 

 

 

 

 

 

Outstanding at September 30, 2024

 

 

24

 

 

$

39.60

 

 

$

—

 

 

 

7.88

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable

 

 

17

 

 

$

39.60

 

 

$

—

 

 

 

7.88

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock option activity under the 2018 Plan for the periods presented was as follows:

 

 

Number of
Shares1

 

 

Weighted Average
Exercise Price

 

 

Aggregate
Intrinsic Value

 

 

Weighted Average
Remaining Contractual
Term (in years)

 

Outstanding at January 1, 2024

 

 

116,451

 

 

$

34.24

 

 

$

3

 

 

4.65

 

Forfeited or expired

 

 

(201

)

 

 

135.21

 

 

 

 

 

 

 

Outstanding at March 31, 2024

 

 

116,250

 

 

 

34.06

 

 

$

—

 

 

 

4.35

 

Forfeited or expired

 

 

(1,269

)

 

 

36.94

 

 

 

 

 

 

 

Outstanding at June 30, 2024

 

 

114,981

 

 

 

33.96

 

 

$

—

 

 

 

4.13

 

Forfeited or expired

 

 

(19

)

 

 

22.00

 

 

 

 

 

 

 

Outstanding at September 30, 2024

 

 

114,962

 

 

$

33.96

 

 

$

—

 

 

 

3.88

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable

 

 

72,488

 

 

$

28.61

 

 

$

—

 

 

 

5.20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.
Includes 62,159 and 52,803 awards as of September 30, 2024 and 63,648 and 52,803 awards as of December 31, 2023 accounted for as service-based and market-based options, respectively, that are vested, that the Company currently deems probable of vesting, or in the case of market-based options, that the Company is expensing so long as the respective service conditions are met. The market-based options will vest only if the price of the Company's common stock reaches a $1 billion market capitalization target for any 20 days during a 30-day period on or before February 4, 2026, the fourth anniversary of the closing of the Business Combination.
Schedule of Restricted Stock Unit Activity

RSU and PSU activity under the 2021 Plan for the periods presented was as follows:

 

 

Number of
Shares

 

 

Weighted Average
Grant Date
Fair Value

 

 

Total Fair Value

 

Unvested at January 1, 2024

 

 

209,946

 

 

$

8.74

 

 

 

 

Granted

 

 

187,024

 

 

 

3.21

 

 

$

600

 

Vested

 

 

(63,019

)

 

 

7.60

 

 

$

291

 

Forfeited

 

 

(7,814

)

 

 

8.63

 

 

 

 

Unvested at March 31, 2024

 

 

326,137

 

 

 

5.77

 

 

 

 

Granted

 

 

24,250

 

 

 

1.50

 

 

$

36

 

Vested

 

 

(73,677

)

 

 

4.93

 

 

$

161

 

Forfeited

 

 

(1,599

)

 

 

4.18

 

 

 

 

Unvested at June 30, 2024

 

 

275,111

 

 

 

5.69

 

 

 

 

Vested

 

 

(74,164

)

 

 

5.02

 

 

$

169

 

Forfeited

 

 

(7,945

)

 

 

5.71

 

 

 

 

Unvested at September 30, 2024

 

 

193,002

 

 

$

5.86

 

 

 

 

 
Schedule of Stock-Based Compensation Expense

The following table presents the classification of stock-based compensation expense under the 2021 Plan, the 2018 Plan and the ESPP:

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing

$

50

 

 

$

94

 

 

$

179

 

 

$

230

 

Product development

 

117

 

 

 

141

 

 

 

351

 

 

 

347

 

General and administrative

 

257

 

 

 

762

 

 

 

1,099

 

 

 

1,658

 

 

$

424

 

 

$

997

 

 

$

1,629

 

 

$

2,235

 

 

 

 

 

 

 

 

 

 

 

 

 
Schedule of Stock-Based Compensation Expense Related to ESPP Stock-based compensation expense related the ESPP was as follows for the periods presented:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

ESPP expense (included in stock-based compensation)

$

3

 

 

$

11

 

 

$

17

 

 

$

78

 

 

 

 

 

 

 

 

 

 

 

 

 
Summary of Defined Contribution Retirement (401k) Plan

The Company recognized expense from matching contributions to the Company-sponsored defined contribution retirement (401k) plan as follows for the periods presented:

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

401(k) matching contributions

$

131

 

 

$

134

 

 

$

410

 

 

$

520