Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]

Summary of the weighted-average assumptions used in the valuation of stock options granted

The following table summarizes the weighted-average assumptions used in the valuation of stock options granted:

	Three Months Ended March 31,
	2023			2022
Expected volatility (%)		81.4	%		75.3	%
Risk-free interest rate (%)		3.6	%		1.9	%
Expected dividend yield		—			—
Expected term (years)		6.0			6.0

Summary of the company recognized stock-based compensation expense related to stock options

The Company recognized stock-based compensation expense related to stock options of $1.2 million and $1.5 million for the three months ended March 31, 2023 and 2022, respectively, which was included in the consolidated statements of operations and comprehensive loss as follows (in thousands):

	Three Months Ended March 31,
	2023		2022
Sales and marketing	$	17	$	273
Operations		190		273
Technology and product development		110		369
General and administrative		834		614
Total	$	1,151	$	1,529

Restricted Stock Units (RSUs) [Member]

Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]

Summary of restricted stock units (RSUs) activity

Restricted stock units (RSUs) activity for the three months ended March 31, 2023 is as follows:

	Number of Shares			Weighted- Average Grant Date Fair Value
Balance, December 31, 2022		3,450,792		$	8.52
RSUs granted		660,000			0.28
RSUs vested		(279,575	)		8.25
RSUs canceled		(214,841	)		8.70
Balance, March 31, 2023		3,616,376		$	7.02

Summary of stock option activity

Stock option activity for the three months ended March 31, 2023 (in thousands, except share amounts and per unit data) is as follows:

	Number of Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Balance, December 31, 2022		5,134,332		$	3.40		6.50	$	61
Options granted		4,490,000			0.27		9.99		90
Options exercised		—			—		—		—
Options expired		(214,747	)		3.62		—		—
Options forfeited		(68,014	)		4.01		—		—
Balance, March 31, 2023		9,341,571		$	1.87		8.55	$	115
Vested and Exercisable,    March 31, 2023		2,858,415			3.06		5.30		19
Vested and Exercisable and Expected to Vest,    March 31, 2023		9,341,571		$	1.87		8.55	$	115

Summary of the company recognized stock-based compensation expense related to stock options

The Company recognized stock-based compensation expense related to RSUs of $2.4 million and $0.4 million for the three months ended March 31, 2023 and 2022, respectively, which was included in the consolidated statements of operations and comprehensive loss as follows (in thousands):

	Three Months Ended March 31,
	2023		2022
Sales and marketing	$	115	$	62
Operations		629		71
Technology and product development		898		170
General and administrative		772		59
Total	$	2,414	$	362