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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Direct costs and expenses

 

$

7

 

 

$

13

 

 

$

24

 

 

$

28

 

Research and development

 

 

74

 

 

 

192

 

 

 

181

 

 

 

280

 

Sales, marketing, general and administrative

 

 

976

 

 

 

1,163

 

 

 

3,133

 

 

 

2,406

 

Total

 

$

1,057

 

 

$

1,368

 

 

$

3,338

 

 

$

2,714

 

Summary of Stock Option Activity

Stock option activity during the six months ended June 30, 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

 

 

372

 

 

 

1.94

 

 

 

 

 

 

 

Forfeited/canceled

 

 

(236

)

 

 

7.96

 

 

 

 

 

 

 

Exercised

 

 

(116

)

 

 

0.75

 

 

 

 

 

 

 

Outstanding ‑ June 30, 2023

 

 

2,561

 

 

$

7.85

 

 

 

7.3

 

 

$

386

 

Exercisable ‑ June 30, 2023

 

 

1,563

 

 

$

7.77

 

 

 

6.6

 

 

$

331

 

Summary of Restricted Stock Units Activity

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

 

 

2,474

 

 

 

1.92

 

Forfeited/canceled

 

 

(120

)

 

 

2.79

 

Released

 

 

(611

)

 

 

2.27

 

Outstanding ‑ June 30, 2023

 

 

2,954

 

 

$

1.99

 

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 six months ended June 30, 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

 

 

(51

)

 

 

11.75

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding ‑ June 30, 2023

 

 

1,351

 

 

$

5.02

 

 

 

8.8

 

 

$

 

Exercisable ‑ June 30, 2023

 

 

1,351

 

 

$

5.02

 

 

 

8.8

 

 

$