Stockholders’ Equity (Tables)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Summary of RSU Activity

For the six months ended June 30, 2024, a summary of RSU activity is as follows:

	Shares			Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2023		152,703		$	18.03
Granted		45,073			0.52
Canceled		(989	)		9.66
Vested and released		(34,361	)		15.06
Outstanding as of June 30, 2024		162,426			14.18
Vested as of June 30, 2024		135,046			16.40
Unvested as of June 30, 2024		27,380		$	3.24

 

For the six months ended June 30, 2023, a summary of RSU activity is as follows:

	Shares			Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2022		51,484		$	46.22
Granted		82,300			7.91
Canceled		(5,184	)		32.06
Outstanding as of June 30, 2023		128,600			22.27
Vested as of June 30, 2023		104,712			20.83
Unvested as of June 30, 2023		23,888		$	28.58

 

Schedule of Options Activity

For the six months ended June 30, 2024, a summary of the options activity is as follows:

	Shares			Weighted Average Exercise Price		Weighted Average Fair Value		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding as of December 31, 2023		125,264		$	40.61	$	22.04		23.80	$	45,880
Granted		—			—		—		—		—
Exercised		—			—		—		—		—
Expired/Forfeited		(122,014	)		38.42		20.87		—		—
Outstanding as of June 30, 2024		3,250		$	120.76	$	64.92		1.49	$	—
Exercisable as of June 30, 2024		3,250		$	120.76	$	64.92		1.49	$	—

 

For the six months ended June 30, 2023, a summary of the options activity is as follows:

	Shares			Weighted Average Exercise Price		Weighted Average Fair Value		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding as of December 31, 2022		128,059		$	43.68	$	23.76		3.33	$	9,750
Granted		13,750			7.00		3.23		3.02		—
Exercised		—			—		—		—		—
Expired/Forfeited		(2,863	)		114.69		61.60		—		—
Outstanding as of June 30, 2023		138,946		$	38.59	$	20.95		3.01	$	9,750
Exercisable as of June 30, 2023		111,608		$	45.19	$	24.69		2.65	$	9,750

 

Schedule of Significant Weighted Average Assumptions

For the six months ended June 30, 2024 and 2023, the significant assumptions relating to the valuation of the Company’s stock options granted were as follows:

	June 30,
	2024			2023
Stock price	$	—		$	7.00
Dividend yield		—	%		—	%
Expected life (years)		—			3.02
Expected volatility		—	%		64.37	%
Risk-free interest rate		—	%		4.12	%