XML 54 R35.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Share-based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of Share-Based Compensation Expense | For the years ended December 31, 2024 and 2023, the following table presents total share-based compensation expense in each functional line item on the consolidated statements of operations (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  |
Cost of revenues | $ | 126 |  |  | $ | 662 |  |  |
Research and development | 691 |  |  | 1,526 |  |  |
Sales and marketing | 430 |  |  | 1,138 |  |  |
General and administrative | 2,577 |  |  | 3,645 |  |  |
Income from discontinued operations, net of tax | 115 |  |  | 473 |  |  |
Total | $ | 3,939 |  |  | $ | 7,444 |  |  |
Summary of Share-based Compensation Stock Option Fair Value Assumptions | The following table presents the weighted-average assumptions used in the Black-Scholes valuation model by the Company in calculating the fair value of each stock option granted:
| Year Ended December 31,
| 2024 |  | 2023 |  |
Expected dividend yield | — | % |  | — | % |  |
Risk-free interest rate | 4.2 | % |  | 4.3 | % |  |
Volatility | 95.1 | % |  | 173.6 | % |  |
Expected term (in years) | 4.0 |  | 4.4 |  |
Summary of Stock Option Activity | The following table summarizes the Company’s stock option activity for the years ended December 31, 2024 and 2023 (dollars in thousands, except per share data):
| Stock Options Outstanding |  | Weighted-Average Exercise Price Per Option |  | Weighted-Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value
Outstanding — December 31, 2022 | 813,296 |  |  | $ | 46.50 |  |  |  |  |
Granted | 82,825 |  |  | 4.13 |  |  |  |  |
Exercised | — |  |  | — |  |  |  |  |
Canceled | (350,249) |  |  | 38.39 |  |  |  |  |
Outstanding — December 31, 2023 | 545,872 |  |  | $ | 44.16 |  |  |  |  |
Granted | 44,250 |  |  | 8.40 |  |  |  |  |
Exercised | (1,475) |  |  | 15.53 |  |  |  |  |
Canceled | (318,796) |  |  | 54.28 |  |  |  |  |
Outstanding — December 31, 2024 | 269,851 |  |  | $ | 26.49 |  |  | 6.05 |  | $ | 619 |
Vested and Expected to Vest — December 31, 2024 | 248,326 |  |  | $ | 28.17 |  |  | 5.80 |  | $ | 526 |
Exercisable — December 31, 2024 | 164,405 |  |  | $ | 38.22 |  |  | 4.20 |  | $ | 149 |
Summary of Restricted Stock Unit Activity | A summary of restricted stock unit activity under all plans for the years ended December 31, 2024 and 2023 is presented below:
| Number of Shares |  | Weighted-Average Grant-Date Fair Value
Non-vested — December 31, 2022 | 117,837 |  |  | 73.30 |
Granted | 366,713 |  |  | 5.78 |
Vested | (246,706) |  |  | 12.92 |
Forfeited | (34,836) |  |  | 39.77 |
Non-vested — December 31, 2023 | 203,008 |  |  | 19.84 |
Granted | 1,106,862 |  |  | 9.34 |
Vested | (164,288) |  |  | 13.42 |
Forfeited | (33,741) |  |  | 31.68 |
Non-vested — December 31, 2024 | 1,111,841 |  |  | 10.00 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration