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Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation Expenses

Stock-based compensation is recorded in the consolidated statements of operations as follows (in thousands):

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Cost of goods sold

 

$

29

 

 

$

22

 

 

$

44

 

 

$

26

 

Research and development

 

 

280

 

 

 

278

 

 

 

517

 

 

 

554

 

Sales and marketing

 

 

115

 

 

 

296

 

 

 

276

 

 

 

583

 

General and administrative

 

 

544

 

 

 

618

 

 

 

1,112

 

 

 

1,292

 

Total stock-based compensation expense

 

$

968

 

 

$

1,214

 

 

$

1,949

 

 

$

2,455

 

 

Summary of Outstanding Stock Option Activity

The following table summarizes the outstanding stock option activity during the period indicated (shares in thousands):

 

 

 

 

 

 

Weighted average

 

 

 

 

 

Number of
stock options

 

 

Exercise
price

 

 

Remaining contractual term (in years)

 

Aggregate Intrinsic Value (in thousands)

 

Balance at December 31, 2022

 

 

2,065

 

 

$

11.78

 

 

 

6.7

 

$

758

 

Granted

 

 

267

 

 

$

5.71

 

 

 

 

 

 

Exercised

 

 

(12

)

 

$

2.30

 

 

 

 

$

40

 

Expired/Forfeited

 

 

(191

)

 

$

13.08

 

 

 

 

 

 

Balance at June 30, 2023

 

 

2,129

 

 

$

10.95

 

 

 

6.4

 

$

608

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable at June 30, 2023

 

 

1,491

 

 

$

11.45

 

 

 

5.3

 

$

541

 

Vested and expected to vest at June 30, 2023

 

 

2,129

 

 

$

10.95

 

 

 

6.4

 

$

608

 

Summary of Outstanding Restricted Stock Unit Activity

The following table summarizes the Company's restricted stock unit (RSU) activity during the period indicated (shares in thousands):

 

 

 

Restricted
stock units

 

 

Weighted average grant date fair value

 

Balance at December 31, 2022

 

 

444

 

 

$

11.78

 

Grants

 

 

583

 

 

$

5.27

 

Vested and released

 

 

(284

)

 

$

8.06

 

Forfeited

 

 

(91

)

 

$

9.40

 

Balance at June 30, 2023

 

 

652

 

 

$

7.91

 

Schedule of Performance Stock Unit

The following table summarizes the Company's performance stock unit (PSU) activity during the period indicated (shares in thousands):

 

 

 

Performance
stock units

 

 

Weighted average grant date fair value

 

Balance at December 31, 2022

 

 

137

 

 

$

2.09

 

Grants

 

 

 

 

$

 

Vested and released

 

 

 

 

$

 

Forfeited

 

 

(23

)

 

$

2.20

 

Balance at June 30, 2023

 

 

114

 

 

$

2.07