StockBased Compensation (Tables)
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12 Months Ended |
Dec. 31, 2023 |
Stock Based Compensation |
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Schedule of fair value of stock options granted |
| | Year Ended December 31, | | | | 2023 | | | 2022 | | Weighted-average fair value of options granted | | $ | 1.38 | | | $ | 2.31 | | Expected volatility | | | 88 | % | | | 82 | % | Expected life (in years) | | | 5.74 | | | | 5.72 | | Risk-free interest rate | | | 3.76 | % | | | 2.99 | % | Expected dividend yield | | | 0.00 | % | | | 0.00 | % |
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Schedule of stock option activity |
| | | | | Weighted- | | | Weighted-Average | | Aggregate | | | | Number of | | | Average | | | Remaining | | Intrinsic Value | | | | Shares | | | Exercise Price | | | Contract Life | | (in thousands) | | Outstanding at January 1, 2022 | | | 6,988,843 | | | | 2.40 | | | 4.5 years | | | 19,829 | | Granted | | | 1,926,000 | | | | 3.34 | | | | | | | | Exercised | | | (960,865 | ) | | | 1.33 | | | | | | | | Cancelled/forfeited | | | (301,014 | ) | | | 3.59 | | | | | | | | Outstanding at December 31, 2022 | | | 7,652,964 | | | | 2.73 | | | 5.3 years | | | 3,362 | | Granted | | | 965,500 | | | | 1.88 | | | | | | | | Exercised | | | (183,521 | ) | | | 1.32 | | | | | | | | Cancelled/forfeited | | | (439,144 | ) | | | 3.04 | | | | | | | | Outstanding at December 31, 2023 | | | 7,995,799 | | | | 2.64 | | | 4.9 years | | | 19,469 | | Shares vested and expected to vest | | | 7,790,316 | | | | 2.64 | | | 4.9 years | | | 19,051 | | Exercisable as of December 31, 2023 | | | 6,417,000 | | | | 2.57 | | | 3.9 years | | | 16,278 | | Exercisable as of December 31, 2022 | | | 5,655,810 | | | | 2.25 | | | 4.1 years | | | 3,362 | |
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Summary of RSUs outstanding |
| | Years Ended December 31, | | | | 2024 | | | 2025 | | | 2026 | | RSUs with service-based vesting conditions | | | 13,334 | | | | - | | | | - | |
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Summary of RSUs activity |
| | Number of | | | Weighted-Average | | | | Units | | | Fair Value | | Outstanding at January 1, 2022 | | | 39,138 | | | $ | 4.05 | | Granted | | | 592,500 | | | | 2.70 | | Vested/released | | | (475,653 | ) | | | 2.50 | | Cancelled/forfeited | | | - | | | | - | | Outstanding at December 31, 2022 | | | 155,985 | | | | 3.62 | | Granted | | | 255,000 | | | | 1.87 | | Vested/released | | | (397,651 | ) | | | 2.57 | | Cancelled/forfeited | | | - | | | | - | | Outstanding at December 31, 2023 | | | 13,334 | | | | 1.73 | |
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Statement of operations effect of stock-based compensation |
| | Year Ended December 31, | | | | 2023 | | | 2022 | | Share-based compensation expense by type: | | | | | | | Stock options | | $ | 3,221 | | | $ | 2,798 | | Restricted stock units | | | 628 | | | | 1,576 | | Total cost related to share-based compensation expense | | $ | 3,849 | | | $ | 4,374 | | Share-based compensation expense by financial statement line item: | | | | | | | | | Cost of revenue | | $ | 582 | | | $ | 425 | | Research and development | | | 610 | | | | 542 | | Selling and marketing | | | 658 | | | | 681 | | General and administrative | | | 1,999 | | | | 2,726 | | Total cost related to share-based compensation expense | | $ | 3,849 | | | $ | 4,374 | |
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