Equity Incentive Plan (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Additional Information on Stock Option Grants And Vesting

The following table summarizes additional information on stock option grants and vesting (in thousands):

	2019 Plan
	Six Months Ended June 30, 2023		Six Months Ended June 30, 2022
Total fair value of stock options granted	$	938	$	2,898
Total fair value of options vested		1,682		840

Schedule of Black Scholes model for the Private Warrants

The following table summarizes the assumptions used in the valuation models to determine the fair value of awards granted to employees and non-employee directors under the 2019 Plan:

	Six Months Ended June 30, 2023			Six Months Ended June 30, 2022
Expected volatility		41.2	%	42.8% - 42.9%
Expected term (in years)		6.00		6.00
Dividend yield		0.00	%		0.00	%
Risk-free interest rate		3.61	%	1.62% - 2.71%

Stock Based Compensation Expense Included In Condensed Consolidated Statements of Comprehensive Loss

Stock-based compensation expense is included in the Company’s Condensed Consolidated Statements of Comprehensive Loss within the following line items (in thousands):

	Three Months Ended June 30, 2023		Three Months Ended June 30, 2022		Six Months Ended June 30, 2023		Six Months Ended June 30, 2022
Cost of revenues	$	244	$	411	$	471	$	762
General and administrative		453		511		897		919
Research and development		94		134		170		237
Sales and marketing		86		241		172		441
Total	$	877	$	1,297	$	1,710	$	2,359

Restricted Stock Units [Member]

Schedule of RSUs Activity Under 2019 Plan

The following table summarizes the Company’s RSU activity for performance based RSUs awarded to employees and for time-based RSUs granted to non-employee directors under the 2019 Plan:

Description	RSUs Outstanding			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)
RSUs non-vested, December 31, 2022		1,876,669		$	6.45		6.10
Granted		786,884			2.04		—
Vested		(190,059	)		6.52		—
Forfeited		(23,724	)		6.40		—
Expired		—			—		—
RSUs non-vested, June 30, 2023		2,449,770		$	5.03		5.89

2019 Plan [Member]

Schedule of Stock Option Activity Under 2019 Plan

The following table summarizes the Company’s stock option activity under the 2019 Plan:

Description	Options Outstanding			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value (1)
Options outstanding, December 31, 2022		5,757,779		$	7.92		7.60	$	—
Granted		987,796			1.05				1,183,255
Exercised		—			—
Forfeited		(17,405	)		6.15
Expired		(137,398	)		8.07
Options outstanding, June 30, 2023		6,590,772		$	6.89		7.58	$	1,183,255
Options vested and exercisable, June 30, 2023		4,480,069		$	8.20		6.92	$	—
Options vested and expected to vest, June 30, 2023		6,590,772		$	6.89		7.58	$	1,183,255

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(1)Aggregate intrinsic value (in thousands) represents the difference between the estimated fair value of the underlying Common Stock and the exercise price of outstanding in-the-money options.