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Equity Incentive and Other Plans (Tables)
 12 Months Ended
Dec. 31, 2023
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

%
Schedule of Stock Option Activity

Stock option activity under the 2021 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, 2022

 

 

—

 

 

$

—

 

 

$

—

 

 

 

—

 

Granted

 

 

5,085

 

 

 

39.52

 

 

 

 

 

 

 

Exercised

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Forfeited or expired

 

 

(37

)

 

 

39.60

 

 

 

 

 

 

 

Outstanding at December 31, 2022

 

 

5,048

 

 

 

39.52

 

 

$

—

 

 

 

9.61

 

Exercised

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Forfeited or expired

 

 

(72

)

 

 

34.11

 

 

 

 

 

 

 

Outstanding at December 31, 2023

 

 

4,976

 

 

$

39.60

 

 

$

—

 

 

 

8.64

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable

 

 

2,282

 

 

$

39.60

 

 

$

—

 

 

 

8.64

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2022

 

 

192,541

 

 

$

35.40

 

 

 

 

 

 

 

Exercised

 

 

(7,409

)

 

 

21.80

 

 

 

 

 

 

 

Forfeited or expired

 

 

(13,557

)

 

 

79.00

 

 

 

 

 

 

 

Outstanding at December 31, 2022

 

 

171,575

 

 

$

32.06

 

 

$

75

 

 

6.83

 

Exercised

 

 

(21

)

 

 

8.00

 

 

 

 

 

 

 

Forfeited or expired

 

 

(55,103

)

 

 

27.41

 

 

 

 

 

 

 

Outstanding at December 31, 2023 1

 

 

116,451

 

 

$

34.24

 

 

$

3

 

 

 

4.65

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable

 

 

67,045

 

 

$

27.44

 

 

$

3

 

 

 

5.81

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.
Includes 63,648, 0, and 52,803 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 Business Combination.
Schedule of Restricted Stock Unit Activity

RSU and PSU activity under the 2021 Plan for the periods presented was as follows:

 

 

Number of
Shares

 

 

Weighted Average
Grant Date
Fair Value

 

 

Total Fair Value

 

Unvested at January 1, 2022

 

 

—

 

 

$

—

 

 

 

 

Granted

 

 

127,999

 

 

 

23.40

 

 

$

2,988

 

Vested

 

 

(15,879

)

 

 

34.80

 

 

$

554

 

Forfeited

 

 

(9,231

)

 

 

31.80

 

 

 

 

Unvested at January 1, 2023

 

 

102,889

 

 

 

21.02

 

 

 

 

Granted

 

 

266,258

 

 

 

6.59

 

 

$

1,753

 

Vested

 

 

(113,824

)

 

 

10.56

 

 

$

872

 

Forfeited

 

 

(45,377

)

 

 

19.37

 

 

 

 

Unvested at December 31, 2023

 

 

209,946

 

 

$

8.74

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Schedule of Stock-Based Compensation Expense

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

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Sales and marketing

 

$

272

 

 

$

223

 

Product development

 

 

436

 

 

 

234

 

General and administrative

 

 

2,247

 

 

 

3,460

 

 

 

$

2,955

 

 

$

3,917

 

 

 

 

 

 

 

 
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,

 

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

401(k) matching contributions

 

$

627

 

 

$

875