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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Stock-based Compensation Expense

Total estimated stock-based compensation expense for employees and non-employees, related to all of the Company’s stock-based awards, was as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Cost of revenue

 

$

96

 

 

$

90

 

 

$

122

 

 

$

487

 

Selling and marketing

 

 

539

 

 

 

446

 

 

 

937

 

 

 

777

 

Research and development

 

 

390

 

 

 

348

 

 

 

673

 

 

 

597

 

General and administrative

 

 

1,005

 

 

 

1,057

 

 

 

1,835

 

 

 

1,866

 

Total stock-based compensation

 

$

2,030

 

 

$

1,941

 

 

$

3,567

 

 

$

3,727

 

Stock Activity and Total Number of Shares Available for Grant

The following table presents the stock activity and the total number of shares available for grant as of June 30, 2022:

 

 

 

(in thousands)

 

Balance at December 31, 2021

 

 

998

 

Options Cancelled

 

 

31

 

Restricted Stock Granted

 

 

(484

)

Restricted Stock Forfeited

 

 

28

 

Performance Shares Unearned

 

 

7

 

Performance Shares Granted

 

 

(167

)

Balance at June 30, 2022

 

 

413

 

Stock Option Activity

 

 

Options Outstanding

 

 

 

Number of
Shares
Underlying
Outstanding
Options

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Term

 

 

Aggregate
Intrinsic
Value

 

 

 

 

 

 

 

 

 

(in years)

 

 

 

 

Outstanding at December 31, 2021

 

 

1,739,240

 

 

$

7.72

 

 

 

7.02

 

 

$

25,542,823

 

Options Granted

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Options Exercised

 

 

(71,379

)

 

 

7.54

 

 

 

 

 

 

 

Options Forfeited

 

 

(31,181

)

 

 

10.28

 

 

 

 

 

 

 

Outstanding at June 30, 2022

 

 

1,636,680

 

 

$

7.68

 

 

 

6.45

 

 

$

8,417,740

 

Vested and expected to vest at June 30, 2022

 

 

1,621,925

 

 

$

7.74

 

 

 

6.44

 

 

$

8,350,391

 

Exercisable at June 30, 2022

 

 

1,143,564

 

 

$

7.28

 

 

 

5.98

 

 

$

6,537,350

 

Restricted stock awards  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Restricted Stock Activity

 

 

Shares

 

 

Weighted
Average
Grant Date
Fair Value
Per Share

 

Nonvested restricted stock at December 31, 2021

 

 

788,454

 

 

$

16.81

 

Granted

 

 

483,533

 

 

 

21.20

 

Vested

 

 

(258,399

)

 

 

16.31

 

Shares forfeited

 

 

(27,854

)

 

 

16.58

 

Nonvested restricted stock at June 30, 2022

 

 

985,734

 

 

$

19.10