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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2022
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):

 

 

 

Three Months Ended

March 31,

 

 

 

2021

 

 

2022

 

Service costs

 

$

8

 

 

$

34

 

Sales and marketing

 

 

229

 

 

 

191

 

Product development

 

 

97

 

 

 

82

 

General and administrative

 

 

410

 

 

 

388

 

Total stock-based compensation

 

$

744

 

 

$

695

 

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:

 

 

 

Three Months Ended March 31,

 

 

2021

 

2022

Expected life (in years)

 

4.0 - 6.25

 

4.0 - 6.25

Risk-free interest rate

 

0.64%-1.16%

 

2.41%-2.44%

Expected volatility

 

50%-56%

 

51%-60%

Summary of Stock Option Activity

Stock option activity during the three months ended March 31, 2022 is summarized as follows:

 

 

 

Shares

(in thousands)

 

 

Weighted average

exercise price

 

 

Weighted average

remaining

contractual term

(in years)

 

Balance at December 31, 2021

 

 

3,601

 

 

$

3.43

 

 

 

6.46

 

Options granted

 

 

254

 

 

 

2.56

 

 

 

 

 

Options forfeited

 

 

(49

)

 

 

3.41

 

 

 

 

 

Options expired

 

 

(122

)

 

 

3.38

 

 

 

 

 

Options exercised

 

 

(2

)

 

 

1.66

 

 

 

 

 

Balance at March 31, 2022

 

 

3,682

 

 

$

3.37

 

 

 

6.65

 

Summary of Restricted Stock Awards and Restricted Stock Units

Restricted stock awards and restricted stock unit activity during the three months ended March 31, 2022 is summarized as follows:

 

 

 

Shares/

Units

(in thousands)

 

 

Weighted average

grant date

fair value

 

Unvested balance at December 31, 2021

 

 

1,518

 

 

$

2.80

 

Granted

 

 

251

 

 

 

2.55

 

Vested

 

 

(102

)

 

 

2.73

 

Forfeited

 

 

(15

)

 

 

3.66

 

Unvested balance at March 31, 2022

 

 

1,652

 

 

$

2.76