Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity (Tables)

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Stockholders’ Equity (Tables)
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Schedule of Share-Based Compensation Expense The following table sets forth share-based compensation expense included in the condensed consolidated statements of operations:
Three Months Ended March 31,
(in thousands)
2024 2023
Cost of revenue 22  21 
Research and development 337  282 
Sales and marketing 421  362 
General and administrative 724  642 
Share-based compensation expense $ 1,504  $ 1,307 

Share-based compensation expense by type of share-based award is summarized below:
Three Months Ended March 31,
(in thousands)
2024 2023
Stock options 208  248 
RSAs and RSUs 1,236  992 
ESPP 60  67 
$ 1,504  $ 1,307 
Total unrecognized compensation expense by type of award and the weighted-average remaining requisite period over which such expense is expected to be recognized (in thousands, unless otherwise noted):
March 31, 2024
Unrecognized Expense Remaining Weighted-Average Recognition Period (in years)
Stock options $ 792  1.46
RSAs and RSUs $ 5,899  1.60
Schedule of Stock Option Activity
Stock option activity under the Company’s current and previous plans during the three months ended March 31, 2024 is summarized below:
Stock Options Weighted-average
Exercise price
per share
Weighted-average
Remaining Contractual Life (in years)
Intrinsic
Value(1)
(in thousands)
Outstanding at December 31, 2023 1,478,157  $ 8.40 
Exercised (7,500) $ 2.75 
Forfeited or expired (3,875) $ 48.04 
Outstanding at March 31, 2024 1,466,782  $ 8.33  5.23 $ 3,527 
Exercisable at March 31, 2024 1,262,789  $ 7.91  4.72 $ 3,527 
Vested and expected to vest at March 31, 2024 1,466,782  $ 8.33  5.23 $ 3,527 
(1) Intrinsic value is calculated as the estimated fair value of the Company’s stock at the end of the related period less the option exercise price of in-the-money options.
Schedule of Restricted Stock Activity
Restricted stock award ("RSA") activity for the three months ended March 31, 2024 is summarized below:
Restricted Stock Awards Weighted - Average
Grant
Date Fair Value
Outstanding at December 31, 2023 376,914  $ 12.02 
Vested (18,495) $ 12.22 
Forfeited (3,679) $ 12.11 
Outstanding at March 31, 2024 354,740  $ 12.00 
Restricted Stock Unit Activity
Restricted stock unit ("RSU") activity for the three months ended March 31, 2024 is summarized below:
Restricted Stock Units Weighted - Average
Grant
Date Fair Value
Outstanding at December 31, 2023 768,139  $ 8.15 
Granted 65,731  $ 6.07 
Vested (129,994) $ 8.14 
Forfeited (12,911) 8.52 
Outstanding at March 31, 2024 690,965  $ 7.94 
Schedule of Common Stock Warrants