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Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock option activity
Stock option activity during the six months ended June 30, 2024 consisted of the following:
Options
Weighted Average Fair Value Per Share
Weighted Average Exercise Price Per Share
Weighted Average Remaining Years
Aggregate Intrinsic Value
December 31, 2023 — Options outstanding22,512 $0.40 $0.51 0.55$168,194 
Exercised(20,659)0.38 0.50 141,076 
March 31, 2024 — Options outstanding1,853 $0.56 $0.63 5.79$17,806 
Exercised(16)0.64 0.46 115 
June 30, 2024 — Options outstanding1,837 0.560.635.54$11,532 
June 30, 2024 — Options vested and exercisable1,765 $0.55 $0.64 5.51$11,071 
Schedule of Restricted Stock Units (RSUs) Activity
RSU activity during the six months ended June 30, 2024 consisted of the following:
RSUsWeighted Average Grant Date Fair Value Weighted Average Fair Value
December 31, 2023 — RSU outstanding
603,040 $18.97 $4,819,138 
Granted95,636 9.15 863,989 
Vested(94,428)17.76 848,522 
Forfeited(4,845)21.26 55,365 
March 31, 2024 — RSU outstanding
599,403 $17.43 $6,146,714 
Granted92,505 7.64 706,702 
Vested(265,157)13.83 2,120,841 
Forfeited(25,055)16.52 218,566 
June 30, 2024 — RSU outstanding
401,696 $17.61 $2,781,676 
Schedule of Recognized Stock-Based Compensation Expense
The Company recognized stock-based compensation expense (including Earn-out RSUs) in the condensed consolidated statements of operations and comprehensive loss for the three and six months ended June 30, 2024 totaling approximately $1.6 million and $3.6 million, respectively, and June 30, 2023, totaling approximately $2.1 million and $4.1 million, respectively, which consisted of the following (in thousands):
Three Months Ended June 30,
Six Months Ended June 30,
2024
2023
2024
2023
Cost of goods sold
$99 $137 $236 $266 
Research and development
353 457 815 958 
Sales and marketing
170 258 324 525 
General and administrative
1,012 1,202 2,265 2,317 
Total
$1,634 $2,054 $3,640 $4,066