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Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation Expense

Stock-based compensation expense is as follows:

 

   2024   2023 
   For the Year Ended 
   December 31, 
   2024   2023 
Cost of revenues  $59   $84 
Research and development   51    101 
Sales and marketing   372    377 
General and administrative   1,043    934 
Stock-based compensation expenses  $1,525   $1,496 
Summary of Stock Option Activity

Stock option activity for the years ended December 31, 2024 and 2023 is as follows, as adjusted for the Reverse Stock Split:

 

       Weighted average exercise price   Weighted average remaining contractual life   Aggregate Intrinsic 
   Options   per share   (in years)   Value* 
Outstanding at January 1, 2023   447,664   $9.49       -                  
Granted   180,300   $5.74           
Exercised   (112,500)  $4.19           
Forfeited and expired   (790)  $45.00           
Outstanding at December 31, 2023   514,674   $9.28       - 
Granted   259,000   $5.76           
Exercised      $           
Forfeited and expired   (18,180)  $75.47           
Outstanding at December 31, 2024   755,494   $6.48    8.41   $ 
Vested and expected to vest at December 31, 2024   755,494   $6.48    8.41   $ 
Exercisable at December 31, 2024   333,554   $8.13    8.02   $ 

 

* 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, 2024:

 

Expected dividend yield   0%
Risk-free interest rate   4.37%
Expected volatility   108%
Expected life (in years)   6.5 
Schedule of Outstanding Restricted Stock Units

The following table summarizes the RSU activity for the year ended December 31, 2024 and has been adjusted retrospectively for the Reverse Stock Split:

 

   RSUs    Weighted average grant date fair value per share  
Outstanding at January 1, 2024   68,185    $ 7.76  
Granted   64,178      5.93  
Released   (57,621)     7.96  
Forfeited   (6,780)     5.90  
Outstanding at December 31, 2024   67,962    $ 6.05