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Stock-Based Compensation
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation

NOTE 6 — Stock-Based Compensation

 

Stock-based compensation expense is as follows:

 

   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:

 

       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:

 

   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.