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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 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):

 

 

 

Six Months Ended

June 30,

 

 

Three Months Ended

June 30,

 

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

Service costs

 

$

11

 

 

$

79

 

 

$

3

 

 

$

45

 

Sales and marketing

 

 

450

 

 

 

391

 

 

 

221

 

 

 

200

 

Product development

 

 

185

 

 

 

158

 

 

 

88

 

 

 

76

 

General and administrative

 

 

753

 

 

 

781

 

 

 

343

 

 

 

393

 

Total stock-based compensation

 

$

1,399

 

 

$

1,409

 

 

$

655

 

 

$

714

 

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:

 

 

 

Six Months Ended June 30,

 

Three Months Ended June 30,

 

 

2021

 

2022

 

2021

 

 

2022

Expected life (in years)

 

4.0 - 6.25

 

4.0 - 6.25

 

4.0

 

 

4.0

Risk-free interest rate

 

0.64%-1.16%

 

2.41% - 3.35%

 

 

0.68

%

 

3.35%

Expected volatility

 

50%-57%

 

51%-61%

 

 

57

%

 

61%

Summary of Stock Option Activity

Stock option activity during the six months ended June 30, 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

 

 

418

 

 

 

2.42

 

 

 

 

 

Options forfeited

 

 

(52

)

 

 

3.36

 

 

 

 

 

Options expired

 

 

(411

)

 

 

3.66

 

 

 

 

 

Options exercised

 

 

(2

)

 

 

1.66

 

 

 

 

 

Balance at June 30, 2022

 

 

3,554

 

 

$

3.28

 

 

 

7.09

 

Summary of Restricted Stock Awards and Restricted Stock Units

Restricted stock awards and restricted stock unit activity during the six months ended June 30, 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

 

 

325

 

 

 

2.47

 

Vested

 

 

(258

)

 

 

2.40

 

Forfeited

 

 

(22

)

 

 

3.66

 

Unvested balance at June 30, 2022

 

 

1,563

 

 

$

2.78