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Stock-Based Compensation | 6 Months Ended
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Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Stock-Based Compensation | 9. Stock-Based Compensation There have been no material changes to the terms of our various equity incentive plans since the filing of our Annual Report on Form 10-K. Refer to Note 13, “Stock-Based Compensation,” in our Annual Report on Form 10-K filed with the SEC on March 31, 2025 for more information. Stock-Based Compensation Compensation costs that have been included in our condensed consolidated statements of operations and comprehensive loss for all stock-based compensation arrangements is set forth below:
|  | Three months ended June 30, |  |  | Six months ended June 30, |
Stock-based compensation |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Cost of revenues |  | $ | 15 |  |  | $ | 49 |  |  | $ | 31 |  |  | $ | 94 |
Sales and marketing |  |  | 9 |  |  |  | 17 |  |  |  | 17 |  |  |  | 31 |
General and administrative |  |  | 89 |  |  |  | 570 |  |  |  | 157 |  |  |  | 1,126 |
Research and development |  |  | 5 |  |  |  | 24 |  |  |  | (1 | ) |  |  | 39 |
Total stock-based compensation |  | $ | 118 |  |  | $ | 660 |  |  | $ | 204 |  |  | $ | 1,290 |
As of June 30, 2025, there was approximately $430 of total unrecognized compensation cost related to our stock benefit plans. These unrecognized compensation costs are expected to be recognized over an estimated weighted-average period of approximately 1.06 years. Restricted Stock Units A summary of our restricted stock unit activity for the six months ended June 30, 2025 is set forth below:
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Outstanding as of December 31, 2024 |  |  | 38,420 |  |  | $ | 23.01 |
Granted |  |  | - |  |  |  | - |
Released |  |  | (2,168 | ) |  |  | 54.01 |
Forfeited |  |  | (3,000 | ) |  |  | 14.00 |
Outstanding as of June 30, 2025 |  |  | 33,252 |  |  | $ | 21.80 |
Stock Options A summary of our stock option activity under the 2018 Equity Incentive Plan (the “2018 Plan) and related information is as follows:
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value |
Outstanding as of December 31, 2024 |  |  | 2,500 |  |  | $ | 56.89 |  |  |  |  |  |
Granted |  |  | - |  |  |  | - |  |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |  |
Forfeited |  |  | (1,500 | ) |  | $ | 38.15 |  |  |  |  |  |
Outstanding as of June 30, 2025 |  |  | 1,000 |  |  | $ | 85.00 |  |  | 7.11 |  | $ | - |
Exercisable as of June 30, 2025 |  |  | 1,000 |  |  | $ | 85.00 |  |  | 7.11 |  | $ | - |
A summary of our option activity under our 2009 Equity Incentive Plan (the “2009 Plan”) and related information is as follows:
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value |
Outstanding as of December 31, 2024 |  |  | 1,190 |  |  | $ | 91.61 |  |  |  |  |  |
Granted |  |  | - |  |  |  | - |  |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |  |
Forfeited |  |  | (307 | ) |  | 28.48 |  |  |  |  |  |
Outstanding as of June 30, 2025 |  |  | 883 |  |  | $ | 113.56 |  |  | 2.75 |  | $ | - |
Exercisable as of June 30, 2025 |  |  | 883 |  |  | $ | 113.56 |  |  | 2.75 |  | $ | - |
Our stock benefit plans had 1,232,639 and 220,006 shares of common stock reserved for future issuances under our equity incentive plans as of June 30, 2025 and December 31, 2024, respectively. In addition, the shares of common stock reserved for issuance under the 2018 Plan also will include any shares of common stock subject to stock options granted under the 2009 Plan, that expire or otherwise terminate without having been exercised in full and shares of common stock issued pursuant to awards granted under the 2009 Plan that are forfeited. As of June 30, 2025, the maximum number of shares of common stock that may be added to the 2018 Plan pursuant to the foregoing is 883. Furthermore, there were 63,167 and 46,791 shares of common stock available for sale and reserved for issuance under our 2018 Employee Stock Purchase Plan as of June 30, 2025 and December 31, 2024, respectively.

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