|
NOTE
7 —Stock-based Compensation
Stock-based
compensation expense for the three months ended March 31, 2023 and 2022 is as follows:
Schedule
of Stock-based Compensation Expense
| |
|
2023 |
|
|
2022 |
|
| |
|
Three Months Ended |
|
| |
|
March 31, |
|
| |
|
2023 |
|
|
2022 |
|
| Cost of revenues |
|
$ |
152 |
|
|
$ |
11 |
|
| Sales and marketing |
|
|
46 |
|
|
|
26 |
|
| General and administrative |
|
|
111 |
|
|
|
225 |
|
| Research and development |
|
|
— |
|
|
|
21 |
|
| Stock-based compensation
expenses |
|
$ |
309 |
|
|
$ |
283 |
|
Stock
Options:
Stock
option activity for the three months ended March 31, 2023, is set forth in the table below:
Summary
of Stock Option Activity
| |
|
|
|
|
Weighted average |
|
|
Weighted average remaining contractual |
|
|
Aggregate |
|
| |
|
|
|
|
exercise price |
|
|
life |
|
|
Intrinsic |
|
| |
|
Options |
|
|
per share |
|
|
(in years) |
|
|
Value*
|
|
| Outstanding at January 1, 2023 |
|
|
4,476,215 |
|
|
$ |
0.95 |
|
|
|
9.76 |
|
|
$ |
358 |
|
| Options granted |
|
|
1,253,000 |
|
|
$ |
0.50 |
|
|
|
|
|
|
|
|
|
| Options exercised |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Options forfeited |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Options expired |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding at March 31, 2023 |
|
|
5,729,215 |
|
|
$ |
0.85 |
|
|
|
9.56 |
|
|
$ |
3,256 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable at March 31, 2023 |
|
|
55,496 |
|
|
$ |
39.22 |
|
|
|
5.04 |
|
|
$ |
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. |
As
of March 31, 2023, there was approximately $2,266 of unamortized stock-based compensation cost related to unvested stock options and
RSU’s, which is expected to be recognized over a weighted average period of 2.32 years.
Restricted
Stock Units:
Restricted
stock units’ (“RSU”) activity for the three months ended March 31, 2023, is set forth in the table below:
Schedule
of Outstanding Restricted Stock Units
| |
|
RSUs |
|
| Outstanding at January 1, 2023 |
|
|
860,888 |
|
| Granted |
|
|
— |
|
| Released |
|
|
— |
|
| Forfeited |
|
|
— |
|
| Outstanding at March 31, 2023 |
|
|
860,888 |
|
|