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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Activity | Stock option activity during the year ended December 31, 2024 consisted of the following:
| Options |  | Weighted Average Fair Value |  | Weighted Average Exercise Price |  | Weighted Average Remaining Years |  | Intrinsic Value
December 31, 2023 — Options outstanding | 22,512 |  |  | $ | 0.40 |  |  | $ | 0.51 |  |  | 0.55 |  | $ | 168,194 |
Granted | — |  |  | — |  |  | — |  |  |  |  |
Exercised | (20,843) |  |  | 0.39 |  |  | 0.50 |  |  |  |  | 141,766 |
Forfeited | — |  |  | — |  |  | — |  |  |  |  | — |
December 31, 2024 — Options outstanding | 1,669 |  |  | $ | 0.54 |  |  | $ | 0.60 |  |  | 4.80 |  | $ | 4,404 |
December 31, 2024 — Options vested and exercisable | 1,669 |  |  | $ | 0.54 |  |  | $ | 0.60 |  |  | 4.80 |  | $ | 4,404 |
Schedule of Restricted Stock Units (RSUs) Activity | RSU activity during the year ended December 31, 2024 consisted of the following:
| RSUs |  | Weighted Average Grant Date Fair Value |  | Aggregate Fair Value
December 31, 2023 — RSU outstanding | 603,040 |  | $ | 18.97 |  |  | $ | 4,819,138 |
Granted | 1,587,213 |  |  | 6.64 |  |  | 8,936,180 |
Vested | (471,948) |  |  | 15.77 |  |  | 3,526,706 |
Forfeited | (187,824) |  |  | 10.64 |  |  | 1,004,728 |
December 31, 2024 — RSU outstanding | 1,530,481 |  |  | $ | 8.14 |  |  | $ | 4,961,551 |
Schedule of Recognized Stock-Based Compensation Expense | The Company recognized stock-based compensation expense (including Earn-out RSUs) in the consolidated statements of operations and comprehensive loss for the years ended December 31, 2024 and 2023 totaling approximate ly $7.7 million and $7.9 million, respectively, which consisted of the following (in thousands):
|  | December 31, 2024 |  | December 31, 2023
Cost of goods sold |  | $ | 354 |  |  | $ | 396 |
Research and development |  | 1,435 |  |  | 1,824 |
Sales and marketing |  | 738 |  |  | 966 |
General and administrative |  | 5,183 |  |  | 4,720 |
Total |  | $ | 7,710 |  |  | $ | 7,906 |

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