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Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation Expense

Stock-based compensation expense is as follows:

 

   2023   2022 
   For the Year Ended 
   December 31, 
   2023   2022 
Research and development  $84   $18 
Sales and marketing   377    68 
General and administrative   934    1,426 
Cost of revenues   101    39 
Total  $1,496   $1,551 
Schedule of Stock Option Activity

Stock option activity for the years ended December 31, 2023 and 2022 is as follows:

 

       Weighted average exercise price   Weighted average remaining contractual life   Aggregate Intrinsic 
   Options   per share   (in years)   Value* 
Outstanding at January 1, 2022   95,413   $40.00    6.73   $0 
Options granted   4,414,419   $0.44           
Options exercised      $           
Options forfeited   (15,303)  $33.65           
Options cancelled   (18,314)  $49.67           
Outstanding at December 31, 2022   4,476,215   $0.95    9.76   $358 
                     
Options granted   1,803,000   $0.57           
Options exercised   (1,125,000)  $0.42           
Options forfeited      $           
Options cancelled   (7,833)  $4.50           
Outstanding at December 31, 2023   5,146,382   $0.93    8.94   $1,370 
                     
Vested and expected to vest at December 31, 2023   5,146,382   $0.93    8.94   $1,370 
Exercisable at December 31, 2023   609,948   $4.00    8.55   $167 

 

* 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.
Schedule of Fair Value Option grants

The following represents the weighted-average assumptions used in the Black-Scholes valuation model by the Company in calculating the fair value of each stock option granted during the year ended December 31, 2023:

 

Expected dividend yield   0%
Risk-free interest rate   3.81%
Expected volatility   114%
Expected life (in years)   5.6 
Schedule of Outstanding Restricted Stock Units

The following table summarized the outstanding RSUs as of December 31, 2023:

 

   RSUs 
Outstanding at January 1, 2022   860,888 
Granted   445,200 
Released   (619,042)
Forfeited   (5,200)
Outstanding at December 31, 2023   681,846