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Stockholders' Equity (Tables)
9 Months Ended
Sep. 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):

 

 

 

Nine Months Ended

September 30,

 

 

Three Months Ended

September 30,

 

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

Service costs

 

$

15

 

 

$

125

 

 

$

3

 

 

$

46

 

Sales and marketing

 

 

663

 

 

 

596

 

 

 

213

 

 

 

205

 

Product development

 

 

230

 

 

 

216

 

 

 

45

 

 

 

58

 

General and administrative

 

 

1,099

 

 

 

1,097

 

 

 

347

 

 

 

316

 

Total stock-based compensation

 

$

2,007

 

 

$

2,034

 

 

$

608

 

 

$

625

 

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,

 

 

2021

 

2022

 

2021

 

2022

Expected life (in years)

 

4.0 - 6.25

 

4.0 - 6.25

 

4.0 - 6.25

 

4.0 - 6.25

Risk-free interest rate

 

0.64% - 1.16%

 

2.41% - 4.30%

 

0.76% - 1.15%

 

4.18% - 4.30%

Expected volatility

 

50% - 58%

 

51% - 63%

 

50% - 58%

 

52% - 63%

Summary of Stock Option Activity

Stock option activity during the nine months ended September 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

 

 

518

 

 

 

2.29

 

 

 

 

 

Options forfeited

 

 

(126

)

 

 

3.14

 

 

 

 

 

Options expired

 

 

(419

)

 

 

3.70

 

 

 

 

 

Options exercised

 

 

(2

)

 

 

1.66

 

 

 

 

 

Balance at September 30, 2022

 

 

3,572

 

 

$

3.24

 

 

 

6.87

 

Summary of Restricted Stock Awards and Restricted Stock Units

Restricted stock awards and restricted stock unit activity during the nine months ended September 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

 

 

405

 

 

 

2.32

 

Vested

 

 

(298

)

 

 

2.39

 

Forfeited

 

 

(22

)

 

 

3.66

 

Unvested balance at September 30, 2022

 

 

1,603

 

 

$

2.78