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Redeemable Preferred Stock and Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Summary of Income Statement Classification of Compensation Expense

The following table summarizes the income statement classification of compensation expense associated with share-based payments (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

Cost of revenue

 

$

18

 

 

$

20

 

Sales and marketing

 

 

197

 

 

 

99

 

General and administrative

 

 

429

 

 

 

48

 

Engineering and development

 

 

47

 

 

 

42

 

Total

 

$

691

 

 

$

209

 

Summary of Option Activity

A summary of option activity for the three months ended March 31, 2023 is as follows (in thousands, except per share data):

 

 

 

 

 

 

Weighted

 

Weighted
Average
Remaining

 

 

 

 

 

 

 

 

 

Average

 

Contractual

 

 

Aggregate

 

 

 

Shares

 

 

Exercise
Price

 

Term
(Years)

 

 

Intrinsic
Value(1)

 

Options outstanding as of December 31, 2022

 

 

52

 

 

$

74.95

 

 

5.8

 

 

$

 

Forfeited, cancelled, or expired

 

 

 

 

$

237.92

 

 

 

 

$

 

Options outstanding as of March 31, 2023

 

 

52

 

 

$

74.20

 

 

5.5

 

 

$

 

Options exercisable as of March 31, 2023

 

 

50

 

 

$

75.98

 

 

5.4

 

 

$

 

Vested options expired during the period ended March 31, 2023

 

 

 

 

$

 

 

 

 

 

 

 

(1)
The intrinsic value calculation does not include negative values, which can occur when the fair market value on the reporting date is less than the exercise price of the award.
Summary of Unvested Stock Option Activity

A summary of unvested stock option activity for the three months ended March 31, 2023 is as follows (in thousands, except per share data):

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average Grant

 

 

 

Shares

 

 

Date Fair Value

 

Unvested options as of December 31, 2022

 

 

2

 

 

$

14.38

 

Vested

 

 

 

 

$

16.99

 

Unvested options as of March 31, 2023

 

 

2

 

 

$

13.81

 

 

Fair Value Disclosures Related to Grants, Exercises and Vesting Options

Fair value disclosures related to grants, exercises and vested options are as follows (in thousands, except per share amounts):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

Total fair value of stock options vested during the period

 

$

6

 

 

$

14

 

 

(1)
Excess tax benefits received related to stock option exercises are presented as operating cash inflows. The Company currently does not receive a tax benefit related to the exercise of stock options due to the Company’s net operating losses.
(2)
The intrinsic value of stock options exercised is the amount by which the market price of the stock on the date of exercise exceeded the exercise price of the options.

Stock Option Activity

There were no option grants or exercises during the three months ended March 31, 2023 and 2022.

Summary of Unvested Restricted Stock Units

A summary of unvested RSU activity for the three months ended March 31, 2023 is as follows (in thousands, except per share amounts):

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average Grant

 

 

 

Shares

 

 

Date Fair Value

 

Unvested RSUs as of December 31, 2022

 

 

440

 

 

$

5.27

 

Vested

 

 

(9

)

 

$

16.06

 

Unvested RSUs as of March 31, 2023

 

 

431

 

 

$

5.04

 

Summary of Warrant Activity

A summary of warrant activity for the three months ended March 31, 2023 is as follows (in thousands, except exercise price amounts):

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

Shares

 

 

Exercise
Price

 

Warrants outstanding as of December 31, 2022

 

 

2,094

 

 

$

6.58

 

Granted or Issued

 

 

11,404

 

 

$

0.01

 

Exercised

 

 

(1,429

)

 

$

0.01

 

Warrants outstanding as of March 31, 2023

 

 

12,069

 

 

$

1.15

 

Warrants exercisable as of March 31, 2023

 

 

12,069

 

 

$

1.15

 

Vested warrants expired during the period
 ended March 31, 2023

 

 

 

 

$