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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Share-based Compensation Expense

Share-based compensation expense reported in the Company’s condensed statements of operations was (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Direct costs and expenses

 

$

17

 

 

$

15

 

Research and development

 

 

107

 

 

 

88

 

Sales, marketing, general and administrative

 

 

2,157

 

 

 

1,243

 

Total

 

$

2,281

 

 

$

1,346

 

Summary of Stock Option Activity

Stock option activity during the three months ended March 31, 2023, excluding the Bonus Option Program described below, was (in thousands, except weighted average exercise price and weighted average contractual life):

 

 

Number of
Options

 

 

Weighted Average
Exercise Price

 

 

Weighted Average
Contractual
Life (Years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding - January 1, 2023

 

 

2,541

 

 

$

8.40

 

 

 

7.4

 

 

$

1,489

 

Granted

 

 

344

 

 

 

1.97

 

 

 

 

 

 

 

Forfeited/canceled

 

 

(72

)

 

 

7.38

 

 

 

 

 

 

 

Exercised

 

 

(9

)

 

 

0.73

 

 

 

 

 

 

 

Outstanding ‑ March 31, 2023

 

 

2,804

 

 

$

7.66

 

 

 

7.5

 

 

$

1,007

 

Exercisable ‑ March 31, 2023

 

 

1,617

 

 

$

7.43

 

 

 

6.7

 

 

$

805

 

Summary of Restricted Stock Units Activity

Restricted stock unit activity during the three months ended March 31, 2023 was (in thousands, except weighted average grant date fair value per share):

 

 

Number of Shares

 

 

Weighted Average
Grant Date Fair Value Per Share

 

Outstanding ‑ January 1, 2023

 

 

1,211

 

 

$

2.36

 

Granted

 

 

2,217

 

 

 

2.00

 

Forfeited/canceled

 

 

(37

)

 

 

3.69

 

Released

 

 

(86

)

 

 

3.69

 

Outstanding ‑ March 31, 2023

 

 

3,305

 

 

$

2.07

 

Bonus-To-Options Program  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Option Activity

As part of the Bonus-to-Options Program (Bonus Option Program), the Company recorded the following activity during the three months ended March 31, 2023 (in thousands, excepted weighted average exercise price and weighted average contractual life):

 

 

Number of
Options

 

 

Weighted Average
Exercise Price

 

 

Weighted Average
Contractual
Life (Years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding ‑ January 1, 2023

 

 

526

 

 

$

10.69

 

 

 

7.6

 

 

$

2

 

Granted

 

 

876

 

 

 

2.00

 

 

 

 

 

 

 

Forfeited/canceled

 

 

(2

)

 

 

3.44

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding ‑ March 31, 2023

 

 

1,400

 

 

$

5.26

 

 

 

9.0

 

 

$

 

Exercisable ‑ March 31, 2023

 

 

1,400

 

 

$

5.26

 

 

 

9.0

 

 

$