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Equity Incentive and Other Plans (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Weighted-Average Assumptions Used in Option Pricing Model The following weighted-average assumptions were used as inputs to the pricing model for options granted during the year ended December 31, 2022:

 

Risk-free interest rate

 

 

4.1

%

Expected term in years

 

 

4.07

 

Expected volatility

 

 

74.6

%

Expected dividend yield

 

 

0.0

%
The following weighted-average assumptions were used as inputs to the pricing model for options granted during the year ended December 31, 2021 (there were no grants made in 2022):

 

Risk-free interest rate

 

 

1.15

%

Expected term in years

 

 

5.90

 

Expected volatility

 

 

61.0

%

Expected dividend yield

 

 

0.0

%
Schedule of Stock Option Activity

Stock option activity under the 2021 Plan for the year ended December 31, 2022 (there were no stock options granted previously under this plan) was as follows:

 

 

 

Number of
Shares

 

 

Weighted Average
Exercise Price

 

 

Aggregate
Intrinsic Value

 

 

Weighted Average
Remaining Contractual
Term (in years)

 

Outstanding at January 1, 2022

 

 

—

 

 

$

—

 

 

$

—

 

 

 

—

 

Granted

 

 

102

 

 

 

1.98

 

 

 

 

 

 

 

Exercised

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Forfeited or expired

 

 

(1

)

 

 

1.98

 

 

 

 

 

 

 

Outstanding at December 31, 2022

 

 

101

 

 

$

1.98

 

 

$

—

 

 

 

9.61

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable

 

 

1

 

 

$

1.83

 

 

$

—

 

 

 

6.15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock option activity under the 2018 Plan for the periods presented was as follows:

 

 

 

Number of
Shares

 

 

Weighted Average
Exercise Price

 

 

Aggregate
Intrinsic Value

 

 

Weighted Average
Remaining Contractual
Term (in years)

 

Outstanding at January 1, 2021

 

 

1,893

 

 

$

1.01

 

 

 

 

 

 

 

Granted

 

 

2,567

 

 

 

2.13

 

 

 

 

 

 

 

Exercised

 

 

(334

)

 

 

1.07

 

 

 

 

 

 

 

Forfeited or expired

 

 

(275

)

 

 

1.13

 

 

 

 

 

 

 

Outstanding at December 31, 2021

 

 

3,851

 

 

$

1.77

 

 

$

24,018

 

 

8.85

 

Exercised

 

 

(148

)

 

 

1.09

 

 

 

 

 

 

 

Forfeited or expired

 

 

(272

)

 

 

3.95

 

 

 

 

 

 

 

Outstanding at December 31, 2022 1

 

 

3,431

 

 

$

1.60

 

 

$

75

 

 

6.83

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable

 

 

1,725

 

 

$

1.24

 

 

$

75

 

 

 

6.32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.
Includes 2,375, 0, and 1,056 awards accounted for as service-based, performance-based, and market-based options, respectively, that are vested, that the Company currently deems probable of vesting, or in the case of market-based options, that the Company is expensing so long as the respective service conditions are met. The market-based options will vest only if the price of the Company's common stock reaches a $1,000,000 market capitalization target for any 20 days during a 30-day period on or before the fourth anniversary of the closing of the Merger.
Schedule of Restricted Stock Unit Activity

Restricted stock unit activity under the 2021 Plan for the year ended December 31, 2022 (there were no restricted stock units granted previously under this plan) was as follows:

 

 

 

Number of
Shares

 

 

Weighted Average
Grant Date
Fair Value

 

 

Total Fair Value

 

Unvested at January 1, 2022

 

 

—

 

 

$

—

 

 

 

 

Granted

 

 

2,560

 

 

 

1.17

 

 

$

2,988

 

Vested

 

 

(317

)

 

 

1.74

 

 

$

554

 

Forfeited

 

 

(185

)

 

 

1.59

 

 

 

 

Unvested at December 31, 2022

 

 

2,058

 

 

$

1.30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Schedule of Stock-Based Compensation Expense

The following table presents the classification of stock-based compensation expense under the 2018 Plan and the 2021 Plan:

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Sales and marketing

 

$

223

 

 

$

102

 

Product development

 

 

234

 

 

 

153

 

General and administrative

 

 

3,460

 

 

 

767

 

 

 

$

3,917

 

 

$

1,022

 

 

 

 

 

 

 

 

 
Summary of Defined Contribution Retirement (401k) Plan

The Company recognized expense from matching contributions to the Company-sponsored defined contribution retirement (401k) plan as follows for the periods presented:

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

401(k) matching contributions

 

$

875

 

 

$

712