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Stock-based Compensation | 3 Months Ended
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Mar. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Stock-based Compensation | NOTE 8 —Stock-based Compensation On January 27, 2022, 415,023 shares of common stock were issued under the 2019 Employee Stock Purchase Plan as payment to three executives for bonuses that relate to the 2021 year. The dollar value of these bonuses was fixed at $254 as of December 31, 2021, and the number of shares issued on January 27, 2022 was determined based on the closing stock price on that date. As of December 31, 2021, the bonus was fully vested and $254 was included in accrued expenses. The stock was issued to the executives on February 4, 2022. Stock-based compensation expense for the three months ended March 31, 2022 is as follows:
|  | Three Months Ended |
|  | March 31, |
|  | 2022 |  |  | 2021 |
Cost of revenues |  | $ | 11 |  |  | $ | 50 |
Sales and marketing |  | 26 |  |  | 56 |
General and administrative |  | 225 |  |  | 174 |
Research and development |  | 21 |  |  | 16 |
|  | $ | 283 |  |  | $ | 296 |
Stock Options: Stock option activity for the three months ended March 31, 2022, is set forth in the table below and reflects the 1-for-10 Reverse Stock Split that became effective on September 15, 2021:
|  |  |  |  |  |  |  |  |  | Weighted average |  |  |  |  |
|  |  |  |  |  | Weighted average |  |  |  | remaining |  |  |  | Aggregate |
|  |  |  |  |  | exercise price |  |  |  | contractual life |  |  |  | Intrinsic |
|  | Options |  |  |  | per share |  |  |  | (in years) |  |  |  | Value* |
Outstanding at January 1, 2022 |  | 95,413 |  |  | $ | 40.00 |  |  |  | 6.73 |  |  | $ | 0 |
Options granted |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Options exercised |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Options forfeited |  | (1,074 | ) |  | $ | 23.29 |  |  |  |  |  |  |  |  |
Options expired |  | (1,696 | ) |  | $ | 52.87 |  |  |  |  |  |  |  |  |
Outstanding at March 31, 2022 |  | 92,643 |  |  | $ | 39.96 |  |  |  | 6.15 |  |  | $ | 0 |
Exercisable at March 31, 2022 |  | 62,550 |  |  | $ | 43.74 |  |  |  | 5.51 |  |  | $ | 0 |
*The intrinsic value is calculated as the difference between the exercise price and the fair value of the common stock on the balance sheet date. As of March 31, 2022, there was approximately $1,285 of unamortized stock-based compensation cost related to unvested stock options, which is expected to be recognized over a weighted average period of approximately three years. Restricted Stock Units: Restricted stock units’ (“RSU”) activity for the three months ended March 31, 2022, is set forth in the table below and reflects the 1-for-10 Reverse Stock Split that became effective on September 15, 2021:
|  | RSUs |
Outstanding at January 1, 2022 |  |  | 347,111 |
Granted |  |  | — |
Released |  |  | (125 | )
Forfeited |  |  | (23,037 | )
Outstanding at March 31, 2022 |  |  | 323,949 |

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