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Share-Based Compensation (Tables)
 9 Months Ended
Sep. 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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Direct costs and expenses

 

$

17

 

 

$

20

 

 

$

41

 

 

$

48

 

Research and development

 

 

68

 

 

 

30

 

 

 

249

 

 

 

310

 

Sales, marketing, general and administrative

 

 

869

 

 

 

1,120

 

 

 

4,002

 

 

 

3,526

 

Total

 

$

954

 

 

$

1,170

 

 

$

4,292

 

 

$

3,884

 
Summary of Stock Option Activity

Stock option activity during the nine months ended September 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

 

 

427

 

 

 

1.85

 

 

 

—

 

 

 

—

 

Forfeited/canceled

 

 

(313

)

 

 

8.88

 

 

 

—

 

 

 

—

 

Exercised

 

 

(122

)

 

 

0.74

 

 

 

—

 

 

 

—

 

Cancelled under the Option Exchange

 

 

(589

)

 

 

20.43

 

 

 

—

 

 

 

—

 

Granted under the Option Exchange

 

 

123

 

 

 

1.20

 

 

 

—

 

 

 

—

 

Outstanding ‑ September 30, 2023

 

 

2,067

 

 

$

3.57

 

 

 

7.2

 

 

$

772

 

Exercisable ‑ September 30, 2023

 

 

1,256

 

 

$

4.36

 

 

 

6.1

 

 

$

600

 
Summary of Restricted Stock Units Activity

Restricted stock unit activity during the nine months ended September 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

 

 

(228

)

 

 

2.57

 

Released

 

 

(688

)

 

 

2.44

 

Outstanding ‑ September 30, 2023

 

 

2,769

 

 

$

1.93

 
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 nine months ended September 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

 

 

(72

)

 

 

8.88

 

 

 

—

 

 

 

—

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Cancelled under the Option Exchange

 

 

(169

)

 

 

20.67

 

 

 

—

 

 

 

—

 

Granted under the Option Exchange

 

 

34

 

 

 

1.20

 

 

 

—

 

 

 

—

 

Outstanding ‑ September 30, 2023

 

 

1,195

 

 

$

2.75

 

 

 

8.7

 

 

$

15

 

Exercisable ‑ September 30, 2023

 

 

1,161

 

 

$

2.76

 

 

 

8.6

 

 

$

—