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Equity Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Weighted-Average Assumptions Used in Option Pricing Model
The fair value of each stock option award to employees is estimated on the date of grant using the Black-Scholes option pricing model. The following weighted-average assumptions were used as inputs to the pricing model for options granted during the three and nine months ended September 30, 2022:

Risk-free interest rate4.1 %
Expected term in years4.06
Expected volatility74.6 %
Expected dividend yield0.0 %
The following weighted-average assumptions were used as inputs to the pricing model for options granted during the nine months ended September 30, 2021 (there were no grants made in 2022):
Risk-free interest rate1.0 %
Expected term in years5.90
Expected volatility61.2 %
Expected dividend yield0.0 %
Schedule of Stock Option Activity
Stock option activity under the 2021 Plan for the three months ended September 30, 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 June 30, 2022
— $— $— — 
Granted101 1.98 
Exercised— — 
Forfeited or expired— — 
Outstanding at September 30, 2022
101 $1.98 $— 9.89
Vested and exercisable
— $— $— — 
Stock option activity under the 2018 Plan for the quarterly periods ended September 30, 2022 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
3,851$1.77 
Exercised(114)1.12 
Forfeited or expired(56)1.08 
Outstanding at March 31, 20223,681$1.78 $23,918 8.62
Exercised(29)$1.05 
Forfeited or expired(3)$2.30 
Outstanding at June 30, 2022
3,649$1.78 $11,307 8.35
Exercised(5)0.79 
Forfeited or expired(110)7.75 
Outstanding at September 30, 2022 1
3,534$1.60 $84 8.29
Vested and exercisable
1,849$1.18 $82 7.80
1 Includes 2,478, 0, and 1,056 of 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 performance options vest only if gross revenue equals or exceeds certain thresholds for the years ending December 31, 2022 and 2023, while 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 three months ended September 30, 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 June 30, 2022
— $— 
Granted1,228 1.98 $2,432 
Vested(173)1.98 $325 
Forfeited(65)1.98 
Unvested at September 30, 2022
990 $1.98 
Schedule of Stock-Based Compensation Expense
The following tables presents the classification of stock-based compensation expense under the 2018 Plan and the 2021 Plan:
Three Months Ended September 30, 2022Nine Months Ended September 30,
2022202120222021
Sales and marketing$77 $15 $137 $65 
Product development86 14 123 126 
General and administrative608 179 2,899 538 
$771 $208 $3,159 $729