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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Weighted Average Grant Fair Value of Stock Options using Black-Scholes Option-pricing Model

The following table presents, on a weighted average basis, the assumptions used in the Black-Scholes option-pricing model to determine the grant-date fair value of stock options granted during the years ended December 31, 2023 and 2022:

 

 

Year Ended
December 31,

 

 

2023

 

 

2022

 

Risk-free interest rate

 

 

4.1

%

 

 

2.7

%

Expected term (in years)

 

 

5.6

 

 

 

5.9

 

Expected volatility

 

 

86.5

%

 

 

77.1

%

Expected dividend yield

 

 

%

 

 

%

Schedule of Stock Option Activity

The following table summarizes option activity with service conditions under the 2021 Plan and the 2017 Plan:

 

 

Options

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Contract Term
(years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding at December 31, 2022

 

 

2,514,452

 

 

$

49.08

 

 

 

6.1

 

 

$

7,851

 

Granted

 

 

741,634

 

 

 

5.35

 

 

 

 

 

 

 

Exercised

 

 

(108,637

)

 

 

2.80

 

 

 

 

 

 

 

Forfeited/Expired

 

 

(327,262

)

 

 

42.23

 

 

 

 

 

 

 

Outstanding at December 31, 2023

 

 

2,820,187

 

 

$

40.16

 

 

 

5.6

 

 

$

 

Vested and expected to vest December 31, 2023

 

 

2,820,187

 

 

$

40.16

 

 

 

5.6

 

 

$

 

Exercisable at December 31, 2023

 

 

2,025,287

 

 

$

46.01

 

 

 

4.5

 

 

$

 

Schedule of Activity Related to RSU Stock-Based Payment Awards

The following table summarizes activity related to RSU stock-based payment awards:

 

Number of Shares

 

 

Weighted
Average
Grant Date Fair Value

 

Outstanding at December 31, 2022

 

 

227,013

 

 

$

73.35

 

Granted

 

 

954,931

 

 

$

6.29

 

Released

 

 

(83,759

)

 

$

65.05

 

Forfeited

 

 

(274,853

)

 

$

21.37

 

Outstanding at December 31, 2023

 

 

823,332

 

 

$

13.77

 

Schedule of Stock-based Compensation Expense

The Company recorded stock-based compensation expense in the following expense categories of its consolidated statements of operations:

 

Year Ended December 31,

 

2023

 

 

2022

 

Cost of revenues

$

580

 

 

$

410

 

Research and development

 

1,832

 

 

 

2,118

 

Selling, general and administrative

 

12,605

 

 

 

13,328

 

$

15,017

 

 

$

15,856