Annual report pursuant to Section 13 and 15(d)

Stock-based Compensation (Tables)

v3.23.1
Stock-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation Expense

The stock-based compensation expense is as follows:

 

    2022     2021  
    For the Year Ended  
    December 31  
    2022     2021  
Research and development   $ 18     $ 159  
Sales and marketing     68       188  
General and administrative     1,426       673  
Cost of revenues     39       65  
Total   $ 1,551     $ 1,085  
Schedule of Stock Option Activity

Stock option activity for the years ended December 31, 2022 and 2021 is as follows and reflects the 1-for-10 Reverse Stock Split that became effective on September 15, 2021:

 

          Weighted average exercise price     Weighted average remaining contractual life     Aggregate Intrinsic  
    Options     per share     (in years)     Value*  
Outstanding at January 1, 2021     144,303     $ 36.37       7.82     $ 24  
Options granted     0     $                    
Options exercised     (707 )   $ 7.50                  
Options forfeited     (23,171 )   $ 27.55                  
Options cancelled     (25,012 )   $ 29.60                  
Outstanding at December 31, 2021     95,413     $ 40.00       6.73     $ 0  
                                 
Options granted     4,414,419     $ 0.44                  
Options exercised     0     $                    
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  
                                 
Vested and expected to vest at December 31, 2022     4,476,215     $ 0.95       9.76     $ 358  
Exercisable at December 31, 2022     54,839     $ 39.45       5.27     $ 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.
Schedule of Fair Value Option grants

The fair value of option grants made during the years ended December 31, 2022, was estimated using the following Black-Scholes option pricing model assumptions:

 

    2022  
Expected dividend yield     0 %
Risk-free interest rate     4.04 %
Expected volatility     116 %
Expected life (in years)     6.8  
Schedule of Outstanding Restricted Stock Units

The following table summarized the outstanding RSU’s as of December 31, 2022:

 

    RSU’s  
Outstanding at January 1, 2021     347,108  
Granted     840,983  
Released     (286,542 )
Forfeited     (40,661 )
Outstanding at December 31, 2022     860,888