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Share-based Compensation | 6 Months Ended
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Jun. 30, 2022
Share-Based Payment Arrangement [Abstract] |
Share-based Compensation | Share-based Compensation The company has various stock compensation plans, which are more fully described in Part II, Item 8 "Financial Statements and Supplementary Data - Note 9 to the Consolidated Financial Statements - Share-based Compensation" in the 2021 Annual Report on Form 10-K. Under the 2021 Incentive Award Plan, the Company has the ability to grant options, stock appreciation rights, restricted stock, restricted stock units, performance stock units, dividend equivalents, or other stock or cash-based awards to employees, directors, or consultants. During the six months ended June 30, 2022, the Company granted 1,842,105 performance restricted stock units ("PRSU"), which represents the number of shares that may be issued should all performance measures be met. The PRSU awards function in the same manner as restricted stock units except that vesting terms are based on achievement of performance measures, such as the achievement of net revenue targets and obtaining certain FDA regulatory approval. PRSUs are recognized as expense following a graded vesting schedule with their performance re-assessed and updated on a quarterly basis, or more frequently as changes in facts and circumstances warrant. On January 1, 2022, the Company began offering an Employee Stock Purchase Plan ("ESPP"). The ESPP allows eligible employees to contribute a portion of their eligible earnings toward the semi-annual purchase of our shares of common stock at a discounted price, subject to an annual maximum dollar amount. Employees can purchase stock at a 15% discount applied to the lower closing stock price on the first or last day of the six-month purchase period. Option awards are generally granted with an exercise price equal to the fair value of the Company’s common stock at the date of grant. Options, RSU, and PRSU awards generally vest over a period of four years. Stock-based Compensation Expense Total stock-based compensation was recognized as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
General and administrative | $ | 1,864 |  |  | $ | 349 |  |  | $ | 3,408 |  |  | $ | 747 |
Sales and marketing | 673 |  |  | 168 |  | 1,413 |  |  | 362
Research and development | 720 |  |  | 268 |  | 1,754 |  |  | 504
Total stock-based compensation | $ | 3,257 |  |  | $ | 785 |  |  | $ | 6,575 |  |  | $ | 1,613 |
During the three and six months ended June 30, 2022, the Company capitalized $16 and $33, respectively, of share-based compensation attributable to internally developed software. As of June 30, 2022, the Company had $5,777 of unrecognized stock-based compensation costs related to non-vested options that will be recognized over a weighted-average period of 2.4 years, $19,925 of unrecognized stock-based compensation costs related to unvested RSUs that will be recognized over a weighted-average period of 3.2 years, and $3,353 of unrecognized stock-based compensation costs related to unvested PRSUs that will be recognized over a weighted-average period of 2.3 years.

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