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Equity Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2019
Schedule of Additional Information on Stock Option Grants And Vesting

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

 

 

 

2016 Plan

 

 

2019 Plan

 

 

 

Year Ended

December 31, 2019

 

 

Year Ended

December 31, 2018

 

 

Year Ended

December 31, 2019

 

 

Year Ended

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fair value of stock options granted

 

$

2,492

 

 

$

3,473

 

 

$

974

 

 

$

-

 

Total fair value of options vested

 

 

1,439

 

 

 

1,924

 

 

 

-

 

 

 

-

 

Summary of Valuation Models of Fair Value of Awards Granted To Employees and Non-Employees Under 2016 Plan The following table summarizes the assumptions used in the valuation models to determine the fair value of awards granted to employees and non- employees under both the 2019 Plan and the 2016 Plan:

 

 

 

Year Ended

December 31, 2019

 

 

Year Ended

December 31, 2018

 

Expected volatility

 

36.92 - 37.70%

 

 

35.51 - 36.39%

 

Expected term (in years)

 

6-6.5

 

 

 

6.5

 

Dividend yield

 

 

0

%

 

 

0

%

Risk free interest rate

 

1.79 - 2.89%

 

 

2.59 - 2.89%

 

 

Stock Based Compensation Expense Included In Consolidated Statements of Comprehensive Loss

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

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

Cost of revenues

 

$

573

 

 

$

869

 

General and administrative

 

 

1,161

 

 

 

1,023

 

Research and development

 

 

87

 

 

 

14

 

Sales and marketing

 

 

444

 

 

 

219

 

Total

 

$

2,265

 

 

$

2,125

 

2019 Plan [Member]  
Schedule of Stock Option Activity

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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2018

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

514,710

 

 

$

9.90

 

 

 

 

 

 

 

 

 

Forfeited

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2019

 

 

514,710

 

 

$

9.90

 

 

 

10.0

 

 

$

 

Vested and expected to vest

 

 

514,710

 

 

$

9.90

 

 

 

10.0

 

 

$

 

Exercisable

 

 

 

 

$

 

 

 

10.0

 

 

$

 

2016 Plan [Member]  
Schedule of Stock Option Activity

The following table summarizes the Company’s stock option activity under the 2016 Plan:

 

Description

 

Options

Outstanding

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term (Years)

 

 

Aggregate

Intrinsic

Value (1)

 

Balance at December 31, 2017

 

 

410,310

 

 

$

100

 

 

 

8.8

 

 

$

 

Granted

 

 

84,270

 

 

 

100

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(74,255

)

 

 

100

 

 

 

 

 

 

 

 

 

Expired

 

 

(8,845

)

 

 

100

 

 

 

 

 

 

 

 

 

Balance at December 31, 2018

 

 

411,480

 

 

$

100

 

 

 

8.3

 

 

$

 

Granted

 

 

67,050

 

 

$

90

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(32,860

)

 

$

99

 

 

 

 

 

 

 

 

 

Expired

 

 

(8,640

)

 

$

99

 

 

 

 

 

 

 

 

 

Cancelled

 

 

(437,030

)

 

$

100

 

 

 

 

 

 

 

 

 

Balance at December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest

 

 

 

 

$

 

 

 

 

 

$

 

Exercisable

 

 

 

 

$

 

 

 

 

 

$

 

 

(1)

Aggregate intrinsic value represents the difference between the estimated fair value of the underlying common stock and the exercise price of outstanding, in-the-money options. There were no in-the-money options as of December 31, 2019 and 2018.