|
NOTE
7 —Stock-based Compensation
Stock-based
compensation expense for the three and six months ended June 30, 2023 and 2022 is as follows:
Schedule
of Stock-based Compensation Expense
| |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
| |
|
Three
Months Ended June
30, |
|
|
Six
Months Ended June
30, |
|
| |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
| Cost
of revenues |
|
$ |
50 |
|
|
$ |
9 |
|
|
$ |
202 |
|
|
$ |
20 |
|
| Sales
and marketing |
|
|
86 |
|
|
|
(28 |
) |
|
|
132 |
|
|
|
(2 |
) |
| General
and administrative |
|
|
222 |
|
|
|
240 |
|
|
|
333 |
|
|
|
465 |
|
| Research
and development |
|
|
— |
|
|
|
(5 |
) |
|
|
— |
|
|
|
16 |
|
| Stock-based
compensation expenses |
|
$ |
358 |
|
|
$ |
216 |
|
|
$ |
667 |
|
|
$ |
499 |
|
Stock
Options:
Stock
option activity for the six months ended June 30, 2023, is set forth in the table below:
Summary
of Stock Option Activity
| |
|
|
|
|
Weighted |
|
|
Weighted average |
|
|
|
|
| |
|
|
|
|
average |
|
|
remaining |
|
|
Aggregate |
|
| |
|
|
|
|
exercise
price |
|
|
contractual
life |
|
|
Intrinsic |
|
| |
|
Options |
|
|
per
share |
|
|
(in
years) |
|
|
Value* |
|
| Outstanding
at January 1, 2023 |
|
|
4,476,215 |
|
|
$ |
0.95 |
|
|
|
9.76 |
|
|
$ |
358 |
|
| Options
granted |
|
|
1,373,000 |
|
|
$ |
0.54 |
|
|
|
|
|
|
|
|
|
| Options
exercised |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Options
forfeited |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Options
expired |
|
|
(7,833 |
) |
|
|
4.50 |
|
|
|
|
|
|
|
|
|
| Outstanding
at June 30, 2023 |
|
|
5,841,382 |
|
|
$ |
0.85 |
|
|
|
9.35 |
|
|
$ |
4,065 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable
at June 30, 2023 |
|
|
1,051,896 |
|
|
$ |
2.45 |
|
|
|
9.15 |
|
|
$ |
734 |
|
| * |
|
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 June 30, 2023, there was approximately $2,646 of unamortized stock-based compensation cost related to unvested stock options and Restricted
Stock Units (“RSU’s”), which is expected to be recognized over a weighted average period of 2.22 years.
Restricted
Stock Units:
RSU
activity for the six months ended June 30, 2023, is set forth in the table below:
Schedule
of Outstanding Restricted Stock Units
| |
|
RSUs |
|
| Outstanding
at January 1, 2023 |
|
|
860,888 |
|
| Granted |
|
|
87,100 |
|
| Released |
|
|
(19,849 |
) |
| Forfeited |
|
|
(5,200 |
) |
| Outstanding
at June 30, 2023 |
|
|
922,939 |
|
|