XML 42 R31.htm IDEA: XBRL DOCUMENT v3.24.1
Equity Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of the Option Award Activity

The following table summarizes the option activity for the years ended December 31, 2023 and 2022:

 

 

 

 

 

 

 

 

Options Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Shares

 

 

 

 

 

Weighted

 

 

Weighted-

 

 

Average

 

 

Aggregate

 

 

 

Available

 

 

 

 

 

Average

 

 

Average

 

 

Remaining

 

 

Intrinsic

 

 

 

For

 

 

Number of

 

 

Exercise

 

 

Grant Date

 

 

Contractual Life

 

 

Value

 

 

 

Grant

 

 

Options

 

 

Price

 

 

Fair Value

 

 

(in years)

 

 

(in thousands)

 

Balances, January 1, 2022

 

 

7,073

 

 

 

6,082

 

 

$

223.00

 

 

$

1.06

 

 

 

8.56

 

 

$

1,163

 

Shares reserved for issuance

 

 

4,858

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reserved shares cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options granted

 

 

(7,367

)

 

 

7,367

 

 

$

171.00

 

 

$

1.01

 

 

 

 

 

 

 

Options forfeited / cancelled

 

 

 

 

 

(188

)

 

$

100.00

 

 

$

0.44

 

 

 

 

 

 

 

Options expired

 

 

 

 

 

 

 

$

 

 

$

 

 

 

 

 

 

 

Options exercised

 

 

 

 

 

(563

)

 

$

100.00

 

 

$

0.44

 

 

 

 

 

 

 

Balances, December 31, 2022

 

 

4,564

 

 

 

12,698

 

 

$

200.00

 

 

$

1.06

 

 

 

7.77

 

 

$

62

 

Shares reserved for issuance

 

 

4,839

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reserved shares cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options granted

 

 

(5,750

)

 

 

5,750

 

 

$

12.68

 

 

$

0.12

 

 

 

 

 

 

 

Options forfeited / cancelled

 

 

3,537

 

 

 

(3,787

)

 

$

131.45

 

 

$

0.90

 

 

 

 

 

 

 

Options expired

 

 

 

 

 

 

 

$

 

 

$

 

 

 

 

 

 

 

Options exercised

 

 

 

 

 

 

 

$

 

 

$

 

 

 

 

 

 

 

Balances, December 31, 2023

 

 

7,190

 

 

 

14,661

 

 

$

144.41

 

 

$

0.74

 

 

 

7.42

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable

 

 

 

 

 

6,110

 

 

$

199.12

 

 

 

0.97

 

 

 

6.27

 

 

$

 

Summary of Non-vested Restricted Common Stock Awards Issued to Employees

The following table sets forth the status of the Company’s non-vested restricted common stock awards issued to employees:

 

 

Number of
Shares

 

 

Weighted-
Average
Grant-Date
Fair Value
Per Share

 

Non-vested as of January 1, 2022

 

 

1,009

 

 

$

0.36

 

Vested

 

 

(71

)

 

$

0.36

 

Cancelled

 

 

(938

)

 

$

0.36

 

Non-vested as of December 31, 2022

 

 

 

 

$

 

Summary of Fair Value of Share-Based Payment Awards Estimated on Date of Grant using Assumptions The fair value of share-based payment awards was estimated on the date of grant using the following assumptions:

 

 

2023

 

 

2022

 

Expected life (in years)

 

5.71 – 6.08

 

 

3.58 – 6.08

 

Expected volatility

 

114.59% - 153.33%

 

 

49.86% - 114.76%

 

Risk-free interest rate

 

3.50% - 4.01%

 

 

0.99% - 3.85%

 

Dividend yield

 

 

%

 

 

%

Summary of Total Stock-based Compensation Expense Recorded Related to Share-based Payment Awards

Total stock-based compensation expense recorded related to share-based payment awards was allocated to research and development, sales and marketing, and general and administrative expense as follows (in thousands):

 

 

 

2023

 

 

2022

 

Research and development

 

$

103

 

 

$

114

 

Sales and marketing

 

 

1

 

 

 

4

 

General and administrative

 

 

167

 

 

 

280

 

Total stock-based compensation

 

$

271

 

 

$

398