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Stock-Based Compensation | 9 Months Ended
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Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Stock-Based Compensation | NOTE 6 — Stock-Based Compensation Stock-based compensation expense is as follows: Schedule of Stock based Compensation Expense
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Cost of revenues |  | $ | 15 |  |  | $ | 28 |  |  | $ | 42 |  |  | $ | 230 |
Research and development |  |  | 15 |  |  |  | 22 |  |  |  | 35 |  |  |  | 22 |
Sales and marketing |  |  | 99 |  |  |  | 90 |  |  |  | 289 |  |  |  | 222 |
General and administrative |  |  | 244 |  |  |  | 231 |  |  |  | 803 |  |  |  | 564 |
Stock-based compensation expenses |  | $ | 373 |  |  | $ | 371 |  |  | $ | 1,169 |  |  | $ | 1,038 |
Stock-based compensation in Cost of Revenues relates to employees who focus on supply chain management. Stock Options Stock option activity for the nine months ended September 30, 2024, is set forth in the table below and has been adjusted retrospectively for the Reverse Stock Split: Summary of Stock Option Activity
|  |  |  |  | Weighted |  |  | Weighted average |  |  |  |
|  |  |  |  | average |  |  | remaining |  |  |  |
|  |  |  |  | exercise price |  |  | contractual life |  |  | Aggregate Intrinsic |
|  | Options |  |  | per share |  |  | (in years) |  |  | Value* |
Outstanding at January 1, 2024 |  |  | 514,674 |  |  | $ | 9.28 |  |  |  |  |  |  |  |  |
Granted |  |  | 242,000 |  |  |  | 5.92 |  |  |  |  |  |  |  |  |
Exercised |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Forfeited and Expired |  |  | (13,552 | ) |  |  | 99.29 |  |  |  |  |  |  |  |  |
Outstanding at September 30, 2024 |  |  | 743,122 |  |  | $ | 6.55 |  |  |  | 8.59 |  |  | $ | — |
Vested and Expected to Vest at September 30, 2024 |  |  | 743,122 |  |  | $ | 6.55 |  |  |  | 8.59 |  |  | $ | — |
Exercisable at September 30, 2024 |  |  | 283,167 |  |  | $ | 8.57 |  |  |  | 8.12 |  |  | $ | — |
* | 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 September 30, 2024, there was approximately $1,791 of unamortized stock-based compensation cost related to unvested stock options, which is expected to be recognized over a weighted average period of 1.93 years. Restricted Stock Units Restricted Stock Unit (“RSU”) activity for the nine months ended September 30, 2024, is set forth in the table below and has been adjusted retrospectively for the Reverse Stock Split: Schedule of Outstanding Restricted Stock Units
|  | RSUs |
Outstanding at January 1, 2024 |  |  | 68,185 |
Granted |  |  | 38,248 |
Released |  |  | (47,929 | )
Forfeited |  |  | (6,780 | )
Outstanding at September 30, 2024 |  |  | 51,724 |
As of September 30, 2024, there was approximately $259 of unamortized stock-based compensation cost related to unvested RSUs, which is expected to be recognized over a weighted average period of 0.77 years.

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