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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation Expense Included in Operating Expense

Stock-based compensation expense was included in the following operating expense categories:

 

 

Three Months Ended March 31,

 

(In Thousands)

 

2025

 

 

2024

 

Cost of revenue

 

$

2

 

 

$

3

 

Sales and marketing

 

 

25

 

 

 

88

 

Product development

 

 

27

 

 

 

8

 

General and administrative

 

 

401

 

 

 

334

 

Total stock-based compensation

 

$

455

 

 

$

433

 

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 option grants for the periods indicated:

 

 

Three Months Ended March 31,

 

 

2025

 

2024

Expected life (in years)

 

4.00

 

4.00 - 6.25

Risk-free interest rate

 

4.01% - 4.32%

 

4.21% - 4.31%

Expected volatility

 

57% - 58%

 

57% - 64%

 

Summary of Stock Option Activity Stock option activity during the period was as follows:

 

Options
(In Thousands)

 

 

Weighted
average
exercise price
of options

 

 

Weighted average
remaining
contractual term
(in years)

 

Balance at December 31, 2024

 

7,039

 

 

$

1.91

 

 

 

7.57

 

Options granted

 

31

 

 

 

1.95

 

 

 

 

Options forfeited

 

(227

)

 

 

1.50

 

 

 

 

Options expired

 

 

 

 

 

 

 

 

Options exercised

 

(200

)

 

$

1.39

 

 

 

 

Balance at March 31, 2025

 

6,643

 

 

$

1.94

 

 

 

7.33

 

Summary of Restricted Stock Awards and Restricted Stock Units Restricted stock awards and restricted stock unit activity during the period was as follows:

 

 

Shares/
Units
(In Thousands)

 

 

Weighted Average
Grant Date
Fair Value

 

Unvested at December 31, 2024

 

 

406

 

 

$

2.04

 

Granted

 

 

447

 

 

 

1.75

 

Vested

 

 

(118

)

 

 

2.35

 

Forfeited

 

 

(4

)

 

 

3.66

 

Unvested at March 31, 2025

 

 

731

 

 

$

1.80