Stockholders’ Equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Stock Options Activity

The following table summarizes stock options activity during Fiscal 2023 and 2022 (in thousands, except per share data).

	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)	Total Intrinsic Value
Outstanding as of January 1, 2022	5,110	$	3.27	3.4	$	20,820
Granted	1,095	9.92		7.0	—
Exercised	(1,833)	1.29		—	—
Forfeited	(420)	1.56		—	—
Outstanding as of December 31, 2022	3,952	5.35		3.8	20,379
Granted	1,135	8.65		5.0	—
Exercised	(1,348)	0.98		—	—
Forfeited	(788)	0.64		—	—
Outstanding as of December 31, 2023	2,951	$	7.30	4.8	$	693
Options vested and exercisable	1,880	$	6.69	4.1	$	693

Summary of Weighted Average Assumptions Used in Determining Fair Value of Options

The following table summarizes weighted average assumptions used in determining the fair value of the stock options at the date of grant during Fiscal 2023 and 2022:

	For the years ended December 31,
	2023			2022
Exercise price	$	8.65		$	10.03
Expected term (years)	4.7			4.5
Expected stock price volatility	80		%	79		%
Risk-free rate of interest	3.7		%	2.5		%
Expected dividend yield (per share)	0		%	0		%

Schedule of Warrant Activity

The following table summarizes warrant activities during Fiscal 2023 and 2022 (in thousands, except per share data):

	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Outstanding as of January 1, 2022	855	$	8.23	1.9
Warrants granted	—	—		0.0
Outstanding as of December 31, 2022	855	$	8.23	1.9
Warrants granted	376	9.13		4.2
Warrants exercised	(400)	3.00		0.0
Outstanding as of December 31, 2023	831	$	11.16	1.9
Warrants vested and exercisable	831	$	11.16	1.9