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Equity Incentive and Other Plans (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
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, 2024

 

 

4,976

 

 

$

39.60

 

 

$

 

 

8.64

 

Exercised

 

 

 

 

 

0.00

 

 

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

0.00

 

 

 

 

 

 

 

Outstanding at March 31, 2024

 

 

4,976

 

 

$

39.60

 

 

$

 

 

 

8.39

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable

 

 

2,593

 

 

$

39.60

 

 

$

 

 

 

8.39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

Number of
Shares
1

 

 

Weighted Average
Exercise Price

 

 

Aggregate
Intrinsic Value

 

 

Weighted Average
Remaining Contractual
Term (in years)

 

Outstanding at January 1, 2024

 

 

116,451

 

 

$

34.24

 

 

3

 

 

4.65

 

Forfeited or expired

 

 

(201

)

 

 

135.21

 

 

 

 

 

 

 

Outstanding at March 31, 2024

 

 

116,250

 

 

$

34.06

 

 

$

 

 

 

4.35

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable

 

 

69,498

 

 

$

27.89

 

 

$

 

 

 

5.54

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.
Includes 63,447 and 52,803 awards as of March 31, 2024 and 63,648 and 52,803 awards as of December 31, 2023, respectively, accounted for as service-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 billion market capitalization target for any 20 days during a 30-day period on or before February 4, 2026, 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, 2024

 

 

209,946

 

 

$

8.74

 

 

 

 

Granted

 

 

187,024

 

 

 

3.21

 

 

$

600

 

Vested

 

 

(63,019

)

 

 

7.60

 

 

$

291

 

Forfeited

 

 

(7,814

)

 

 

8.63

 

 

 

 

Unvested at March 31, 2024

 

 

326,137

 

 

$

5.77

 

 

 

 

 

Schedule of Stock-Based Compensation Expense

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

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Sales and marketing

 

$

43

 

 

$

76

 

Product development

 

 

94

 

 

$

109

 

General and administrative

 

 

461

 

 

$

473

 

 

 

$

598

 

 

$

658

 

 

 

 

 

 

 

 

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:

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

401(k) matching contributions

 

$

141

 

 

$

233