Stockholders’ Equity and Employee Stock Option Plans:

On April 17, 2017, the Company's Board of Directors approved an amendment to the Tax Benefit Preservation Plan (the "Tax Plan"), dated as of April 22, 2016, by and between the Company and Computershare Inc., as rights agent (the “Rights Agent”), to extend the Final Expiration Date (as such term is defined in the Tax Plan) to April 25, 2019.

Stock-based Compensation Expense

The following table summarizes stock-based compensation expense for the three months ended March 31, 2017 and 2016 and its allocation within the condensed consolidated statements of operations (in thousands):



	Three Months Ended
	March 31,
	2017		2016

Cost of revenues	$	29	$	11
Product development	124		(1		)
Sales and marketing	102		(121		)
General and administrative	212		110
Total	$	467	$	(1	)

The negative expense amounts reflected in the three months ended March 31, 2016, are primarily due to the reversal of previously recognized expense resulting from the forfeiture of equity awards for certain employees whose employment terminated during the respective periods.

Stock Award Activity

There were no options exercised during the three months ended March 31, 2017 and 2016.

The total fair value of RSUs vested and released during the three months ended March 31, 2017 was $49,000. The total fair value of RSUs vested and released during the three months ended March 31, 2016 was approximately $4,000. The fair value is calculated by multiplying the fair market value of the Company’s common stock on the vesting date by the number of shares of common stock issued upon vesting.