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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Activity for Stock Option Plans

A summary of activity for the Company’s stock option plans for the three months ended March 31, 2020 is as follows:

 

 

 

Number

Outstanding

 

 

Average Exercise

Price per Share

 

 

Weighted Average

Remaining

Contractual Term

(Years)

 

 

Average

Intrinsic

Value

 

Balance as of December 31, 2019

 

 

562,102

 

 

$

5.60

 

 

 

5.86

 

 

$

572,869

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled or Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2020

 

 

562,102

 

 

$

5.60

 

 

 

5.56

 

 

$

 

Vested or expected to vest as of

    March 31, 2020

 

 

562,102

 

 

$

5.60

 

 

 

5.56

 

 

$

 

Exercisable as of March 31, 2020

 

 

562,102

 

 

$

5.60

 

 

 

5.56

 

 

$

 

Summary Information about Options Outstanding

The following table summarizes information about options outstanding as of March 31, 2020:

 

 

 

Options Outstanding

 

 

Options Exercisable

 

Range of Exercise Prices

 

Number

Outstanding

 

 

Weighted

Average

Remaining

Contractual Life

(Years)

 

 

Weighted

Average

Exercise

Price

 

 

Number

Exercisable

 

 

Weighted

Average

Exercise

Price

 

$4.36 - $7.20

 

 

465,310

 

 

 

6.02

 

 

$

4.45

 

 

 

465,310

 

 

$

4.45

 

$7.50 - $11.30

 

 

75,198

 

 

 

3.74

 

 

 

9.89

 

 

 

75,198

 

 

 

9.89

 

$12.00 - $19.70

 

 

17,244

 

 

 

2.06

 

 

 

13.60

 

 

 

17,244

 

 

 

13.60

 

$21.70 - $24.20

 

 

4,350

 

 

 

1.43

 

 

 

23.27

 

 

 

4,350

 

 

 

23.27

 

$4.36 - $24.20

 

 

562,102

 

 

 

5.68

 

 

 

5.60

 

 

 

562,102

 

 

 

 

 

Summary of RSU Activity

The following is a summary of RSU activity for the three months ended March 31, 2020:

 

 

 

 

Number

of RSUs

 

 

Weighted Average

Fair Value

 

Unvested as of December 31, 2019

 

 

1,148,110

 

 

$

4.43

 

Granted

 

 

136,396

 

 

 

2.73

 

Vested

 

 

(177,101

)

 

 

4.02

 

Forfeited

 

 

(64,439

)

 

 

4.65

 

Unvested as of March 31, 2020

 

 

1,042,966

 

 

$

4.26

 

Shares vested but not released

 

 

230,334

 

 

$

5.16

 

Stock-Based Compensation Expense Related to Stock Options and RSUs

The following table illustrates all employee stock-based compensation expense related to stock options and RSUs included in the condensed consolidated statements of operations for the three months ended March 31, 2020 and 2019 (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2020

 

 

2019

 

Cost of revenue

 

$

40

 

 

$

29

 

Research and development

 

 

174

 

 

 

114

 

Selling and marketing

 

 

126

 

 

 

180

 

General and administrative

 

 

300

 

 

 

364

 

Total

 

$

640

 

 

$

687