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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock-based Compensation Expense Included in Operating Expense

Stock-based compensation expense was included in the following operating expense categories as follows (in thousands):

 

 

 

Nine Months Ended

September 30,

 

 

Three Months Ended

September 30,

 

 

 

2020

 

 

2021

 

 

2020

 

 

2021

 

Service costs

 

$

29

 

 

$

15

 

 

$

7

 

 

$

3

 

Sales and marketing

 

 

758

 

 

 

663

 

 

 

247

 

 

 

213

 

Product development

 

 

261

 

 

 

230

 

 

 

90

 

 

 

45

 

General and administrative

 

 

1,576

 

 

 

1,099

 

 

 

473

 

 

 

347

 

Total stock-based compensation

 

$

2,624

 

 

$

2,007

 

 

$

817

 

 

$

608

 

Assumptions to Estimate Fair Value for Stock Options at Grant Date

The following weighted average assumptions were used in determining the fair value of time-vested stock option grants for the periods presented:

 

 

 

Nine Months Ended September 30,

 

Three Months Ended September 30,

 

 

2020

 

2021

 

2020

 

 

2021

Expected life (in years)

 

4.0 - 6.25

 

4.0 - 6.25

 

4.0

 

 

4.0 - 6.25

Risk-free interest rate

 

0.17%-1.22%

 

0.64%-1.16%

 

 

0.22

%

 

0.76%-1.15%

Expected volatility

 

46%-53%

 

50%-58%

 

 

53

%

 

50-58%

Summary of Stock Option

Stock option activity during the nine months ended September 30, 2021 is summarized as follows:

 

 

 

Shares

(in thousands)

 

 

Weighted average

exercise price

 

 

Weighted average

remaining

contractual term

(in years)

 

Balance at December 31, 2020

 

 

3,460

 

 

$

3.82

 

 

 

6.50

 

Options granted

 

 

527

 

 

 

2.46

 

 

 

 

 

Options forfeited

 

 

(159

)

 

 

3.35

 

 

 

 

 

Options expired

 

 

(227

)

 

 

4.97

 

 

 

 

 

Options exercised

 

 

(69

)

 

 

2.64

 

 

 

 

 

Balance at September 30, 2021

 

 

3,532

 

 

$

3.59

 

 

 

6.02

 

Summary of Restricted Stock Awards and Restricted Stock Units

Restricted stock awards and restricted stock unit activity during the nine months ended September 30, 2021 is summarized as follows:

 

 

 

Shares/

Units

(in thousands)

 

 

Weighted average

grant date

fair value

 

Unvested balance at December 31, 2020

 

 

1,632

 

 

$

3.18

 

Granted

 

 

194

 

 

 

2.10

 

Vested

 

 

(214

)

 

 

3.05

 

Forfeited

 

 

(224

)

 

 

2.88

 

Unvested balance at September 30, 2021

 

 

1,388

 

 

$

3.10