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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Shares Available for Issuance Under 2020 Plan

A summary of the shares available for issuance under the 2020 Plan is as follows:

 

 

 

Number of Shares

 

Balance at December 31, 2020

 

 

1,188

 

Authorized

 

 

547

 

Granted/Awarded

 

 

(674

)

Cancelled

 

 

21

 

Balance at December 31, 2021

 

 

1,082

 

Summary of Option Award Activity

Option award activity under the 2020 Plan is set forth below:

 

 

 

Options Outstanding

 

 

 

Number of Shares

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Term (In Years)

 

 

Aggregate Intrinsic Value

 

Outstanding at December 31, 2020

 

 

 

 

$

 

 

 

 

 

$

 

Options granted

 

 

674

 

 

$

7.59

 

 

 

 

 

 

 

 

 

Options exercised

 

 

 

 

$

 

 

 

 

 

 

 

 

 

Options cancelled

 

 

(21

)

 

$

8.27

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2021

 

 

653

 

 

$

7.57

 

 

 

9.3

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at December 31, 2021

 

 

653

 

 

$

7.57

 

 

 

9.3

 

 

$

 

Vested and exercisable at December 31, 2021

 

 

94

 

 

$

7.70

 

 

 

9.4

 

 

$

 

Summary of Fair Value of Employee and Non-Employee Stock Options was Estimated Using Assumptions The fair value of employee and non-employee stock options was estimated using the following assumptions for the year ended December 31, 2021:

 

 

 

Year Ended December 31,

 

 

2021

Risk-free interest rate

 

0.6 - 1.3%

Expected term (years)

 

6

Expected volatility

 

72 - 73%

Dividends

 

0.0%

 

Summary of Restricted Stock Award Activity

Restricted stock award activity under the 2020 Plan is set forth below:

 

 

 

2021

 

 

 

Number of

Units

 

 

Weighted-

average

grant-

date fair

value

per share

 

Non-vested at beginning of year

 

 

2,050

 

 

$

10.30

 

Granted

 

 

 

 

$

 

Vested

 

 

(718

)

 

$

10.31

 

Cancelled

 

 

 

 

$

 

Non-vested at end of year

 

 

1,332

 

 

$

10.29

 

Summary of Total Stock-Based Compensation Expense Recognized

The following table sets forth the total stock-based compensation expense recognized under the 2020 Plan, the 2020 ESPP and the Phantom Stock Plan in the Company’s statements of operations:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Cost of revenue—product

 

$

216

 

 

$

303

 

Cost of revenue—service

 

 

122

 

 

 

165

 

Selling, general and administrative expenses

 

 

5,914

 

 

 

7,529

 

Research and development expenses

 

 

614

 

 

 

876

 

Total

 

$

6,866

 

 

$

8,873

 

Summary of Unrecognized Stock-based Compensation Expense Expected to be Amortized

 

Total unrecognized stock-based compensation expense is expected to be amortized as follows:

 

Fiscal Year

 

Amount

 

2022

 

$

5,607

 

2023

 

 

3,497

 

2024

 

 

470

 

2025

 

 

99

 

2026

 

 

 

Thereafter

 

 

 

Total unrecognized stock-based compensation expense

 

$

9,673