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Stockholders' Equity (Tables)
12 Months Ended
Dec. 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:

 

 

 

Years ended December 31,

 

(In Thousands)

 

2021

 

 

2022

 

Service costs

 

$

49

 

 

$

171

 

Sales and marketing

 

 

870

 

 

 

796

 

Product development

 

 

296

 

 

 

293

 

General and administrative

 

 

1,459

 

 

 

1,386

 

Total stock-based compensation

 

$

2,674

 

 

$

2,646

 

Assumptions to Estimate Fair Value for Stock Options at Grant Date

The following assumptions were used in determining the fair value of time-vested stock options granted for the periods indicated:

 

 

 

Years Ended December 31,

 

 

2021

 

2022

Expected life (in years)

 

4.00-6.25

 

4.00-6.25

Risk-free interest rate

 

0.64% - 1.35%

 

2.41% - 4.30%

Expected volatility

 

50% - 59%

 

51% - 63%

Weighted average expected volatility

 

55%

 

55%

Stock Option, Restricted Stock Award, and Restricted Stock Unit Activity Stock option, restricted stock award, and restricted stock unit activity during the period is as follows:

 

 

 

Options and

Restricted

Stock

available for

grant

(in thousands)

 

 

Number of

options

outstanding

(in thousands)

 

 

Weighted

average

exercise

price

of options

 

 

Weighted

average

remaining

contractual

term

(in years)

 

 

Aggregate

intrinsic value

(in thousands)

 

Balance at December 31, 2021

 

 

16,116

 

 

 

3,601

 

 

$

3.43

 

 

 

6.46

 

 

$

360

 

Increase to pool January 1, 2022

 

 

1,262

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options granted

 

 

(739

)

 

 

739

 

 

$

2.08

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

 

(636

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock forfeited

 

 

22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

2

 

 

 

(2

)

 

$

1.66

 

 

 

 

 

 

 

 

 

Options expired

 

 

439

 

 

 

(439

)

 

$

3.69

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

133

 

 

 

(133

)

 

$

3.14

 

 

 

 

 

 

 

 

 

Balance at December 31, 2022

 

 

16,599

 

 

 

3,766

 

 

$

3.14

 

 

 

6.67

 

 

$

10

 

Options exercisable at December 31, 2022

 

 

 

 

 

 

2,113

 

 

$

3.74

 

 

 

5.00

 

 

$

3

 

Information Related to Stock Compensation Activity

Information related to stock compensation activity during the period indicated is as follows:

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2022

 

Weighted average fair value of options granted

 

$

1.21

 

 

$

1.06

 

Intrinsic value of options exercised (in thousands)

 

$

71

 

 

$

-

 

Total grant date fair value of restricted stock vested

   (in thousands)

 

$

1,786

 

 

$

1,321

 

 

Summary of Restricted Stock Awards and Restricted Stock Units

Restricted stock awards and restricted stock unit activity during the period is as follows:

 

 

 

Shares/

Units

(In Thousands)

 

 

Weighted Average

Grant Date

Fair Value

 

Unvested at December 31, 2021

 

 

1,518

 

 

$

2.80

 

Granted

 

 

636

 

 

 

2.06

 

Vested

 

 

(492

)

 

 

2.68

 

Forfeited

 

 

(22

)

 

 

3.66

 

Unvested at December 31, 2022

 

 

1,640

 

 

 

2.53