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Equity Incentive Plans | 9 Months Ended
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Sep. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Equity Incentive Plans | EQUITY INCENTIVE PLANS Stock-Based Compensation Stock-based compensation expense recognized for stock options, restricted stock units (RSUs), and our employee stock purchase program (ESPP) are recorded as operating expenses in our condensed statements of operations and comprehensive income (loss), as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Selling, general and administrative | $ | 2,574 |  |  | $ | 1,373 |  |  | $ | 6,965 |  |  | $ | 6,102 |
Research and development | 915 |  |  | 461 |  |  | 2,635 |  |  | 2,557 |
Total | $ | 3,489 |  |  | $ | 1,834 |  |  | $ | 9,600 |  |  | $ | 8,659 |
As of September 30, 2023, our total unrecognized stock-based compensation expense, net of estimated forfeitures, and average remaining vesting period, included the following (dollars in thousands):
| Unrecognized Compensation Expense |  | Average Remaining Vesting Period (Years)
Stock option grants | $ | 19,087 |  |  | 2.8
RSU grants | $ | 7,372 |  |  | 2.9
ESPP | $ | 390 |  |  | 0.4
Stock Options A summary of our stock option activity and related information for the nine months ended September 30, 2023 is as follows (in thousands, except dollar amounts):
| Number of Shares |  | Weighted-Average Exercise Price per Share
Balance at December 31, 2022 | 13,963 |  |  | $ | 4.83 |
Options granted | 7,512 |  |  | $ | 2.94 |
Options exercised | (127) |  |  | $ | 1.96 |
Options forfeited or canceled | (144) |  |  | $ | 4.45 |
Balance at September 30, 2023 | 21,204 |  |  | $ | 4.18 |
Exercisable at September 30, 2023 | 11,209 |  |  | $ | 5.46 |
Restricted Stock Units A summary of our RSUs activity and related information for the nine months ended September 30, 2023 is as follows (in thousands, except dollar amounts):
| Number of RSUs |  | Weighted-Average Grant Date Fair Value Per Share
Non-vested restricted stock units at December 31, 2022 | 1,406 |  |  | $ | 2.17 |
Granted | 2,293 |  |  | $ | 3.02 |
Vested | (720) |  |  | $ | 2.80 |
Forfeited | (56) |  |  | $ | 3.17 |
Non-vested restricted stock units at September 30, 2023 | 2,923 |  |  | $ | 2.67 |
Employee Stock Purchase Plan During the nine months ended September 30, 2023, we sold approximately 0.4 million shares of our common stock under the ESPP. The shares were purchased by employees at an average purchase price of $1.85 per share resulting in proceeds to us of approximately $0.8 million. Issuance of Common Stock for Services Under Our Amended and Restated Non-Employee Director Compensation Program, members of our board of directors may elect to receive shares of our stock in lieu of their cash fees. During the nine months ended September 30, 2023, we issued 0.1 million shares of our common stock to members of the board of directors in accordance with the program.

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