XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Stock-Based Compensation (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Summary of Shares Available for Issuance Under 2020 Plan | A summary of the shares available for issuance under the 2020 Plan is as follows:
|  | Number of Shares |
Balance at December 31, 2021 |  |  | 1,082 |
Authorized |  |  | 549 |
Granted/Awarded |  |  | (677 | )
Cancelled |  |  | 43 |
Balance at September 30, 2022 |  |  | 997 |
Summary of Option Award Activity | Option award activity under the 2020 Plan is set forth below:
|  | Options Outstanding |
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (In Years) |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2021 |  |  | 653 |  |  | $ | 7.57 |  |  |  | 9.3 |  |  | $ | — |
Options granted |  |  | 591 |  |  | $ | 6.19 |  |  |  |  |  |  |
Options exercised |  |  | — |  |  | $ | — |  |  |  |  |  |  |
Options cancelled |  |  | (37 | ) |  | $ | 6.89 |  |  |  |  |  |  |
Outstanding at September 30, 2022 |  |  | 1,207 |  |  | $ | 6.91 |  |  |  | 8.9 |  |  | $ | — |
Vested and expected to vest at September 30, 2022 |  |  | 1,207 |  |  | $ | 6.91 |  |  |  | 8.9 |  |  | $ | — |
Vested and exercisable at September 30, 2022 |  |  | 373 |  |  | $ | 7.52 |  |  |  | 8.6 |  |  | $ | — |
Summary of Fair Value of Stock Options was Estimated Using Assumptions | The fair value of stock options was estimated using the following assumptions for the three and nine months ended September 30, 2022 and 2021:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Risk-free interest rate |  | 2.7 - 3.4% |  | 0.8 - 1.1% |  | 1.5 - 3.4% |  | 0.6 - 1.1%
Expected term (years) |  | 6 |  | 6 |  | 6 |  | 6
Expected volatility |  | 70% |  | 73% |  | 70% |  | 72 - 73%
Dividends |  | 0.0% |  | 0.0% |  | 0.0% |  | 0.0%
Summary of Total Stock-Based Compensation Expense Recognized | The following table sets forth the total stock-based compensation expense recognized under the 2020 Plan and the 2020 ESPP in the Company's condensed statements of operations:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Cost of revenue – product |  | $ | 57 |  |  | $ | 46 |  |  | $ | 163 |  |  | $ | 168 |
Cost of revenue – service |  |  | 33 |  |  |  | 27 |  |  |  | 95 |  |  |  | 95 |
Selling, general and administrative expenses |  |  | 1,423 |  |  |  | 1,373 |  |  |  | 4,197 |  |  |  | 4,580 |
Research and development expenses |  |  | 159 |  |  |  | 127 |  |  |  | 461 |  |  |  | 480 |
Total |  | $ | 1,672 |  |  | $ | 1,573 |  |  | $ | 4,916 |  |  | $ | 5,323 |
Summary of Unrecognized Stock-based Compensation Expense Expected to be Amortized | Total unrecognized stock-based compensation expense is expected to be amortized as follows:
Fiscal Year |  | Amount |
2022 |  | $ | 1,649 |
2023 |  |  | 4,231 |
2024 |  |  | 994 |
2025 |  |  | 639 |
2026 |  |  | 24 |
Thereafter |  |  | — |
Total unrecognized stock-based compensation expense |  | $ | 7,537 |
Restricted Stock Awards |
Summary of Restricted Stock Award and Restricted Stock Units Activity | Restricted stock award activity under the 2020 Plan is set forth below:
|  | Restricted Stock Awards Outstanding |
|  | Number of Units |  |  | Weighted Average Grant Date Fair Value Per Share |
Non-vested at December 31, 2021 |  |  | 1,332 |  |  | $ | 10.29 |
Restricted stock awards granted |  |  | — |  |  | $ | — |
Restricted stock awards vested |  |  | (591 | ) |  | $ | 10.30 |
Restricted stock awards cancelled |  |  | (6 | ) |  | $ | 10.81 |
Non-vested at September 30, 2022 |  |  | 735 |  |  | $ | 10.28 |
Restricted Stock Units |
Summary of Restricted Stock Award and Restricted Stock Units Activity | Restricted stock unit activity under the 2020 Plan is set forth below:
|  | Restricted Stock Units Outstanding |
|  | Number of Units |  |  | Weighted Average Grant Date Fair Value Per Share |
Non-vested at December 31, 2021 |  |  | — |  |  | $ | — |
Restricted stock units granted |  |  | 86 |  |  | $ | 6.33 |
Restricted stock units vested |  |  | — |  |  | $ | — |
Restricted stock units cancelled |  |  | — |  |  | $ | — |
Non-vested at September 30, 2022 |  |  | 86 |  |  | $ | 6.33 |

X
- Definition Summary of share based compensation shares available for issuance. + References No definition available. + Details
Name: | lnsr_SummaryOfShareBasedCompensationSharesAvailableForIssuanceTableTextBlock
Namespace Prefix: | lnsr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of unrecognized stock-based compensation expense expected to be amortized. + References No definition available. + Details
Name: | lnsr_SummaryOfUnrecognizedStockBasedCompensationExpenseExpectedToBeAmortizedTableTextBlock
Namespace Prefix: | lnsr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |