|
NOTE
6 — Stock-Based Compensation
Stock-based
compensation expense is as follows:
Schedule
of Stock based Compensation Expense
| |
|
2024 |
|
|
2023 |
|
| |
|
Three Months Ended |
|
| |
|
March 31, |
|
| |
|
2024 |
|
|
2023 |
|
| Cost of revenues |
|
$ |
12 |
|
|
$ |
152 |
|
| Research and development |
|
|
7 |
|
|
|
— |
|
| Sales and marketing |
|
|
86 |
|
|
|
46 |
|
| General and administrative |
|
|
219 |
|
|
|
111 |
|
| Stock-based compensation expenses |
|
$ |
324 |
|
|
$ |
309 |
|
Stock-based compensation in Cost of Revenues relates to employees who focus on supply chain management.
Stock
Options
Stock
option activity for the three months ended March 31, 2024, 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, 2024 |
|
|
5,146,382 |
|
|
$ |
0.93 |
|
|
|
|
|
|
|
|
|
| Granted |
|
|
35,000 |
|
|
|
0.72 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
| Forfeited and Expired |
|
|
(16,874 |
) |
|
|
10.81 |
|
|
|
|
|
|
|
|
|
| Outstanding at March 31, 2024 |
|
|
5,164,508 |
|
|
$ |
0.89 |
|
|
|
8.64 |
|
|
$ |
779 |
|
| Vested and Expected to Vest at March 31, 2024 |
|
|
5,164,508 |
|
|
$ |
0.89 |
|
|
|
8.62 |
|
|
$ |
779 |
|
| Exercisable at March 31, 2024 |
|
|
2,117,649 |
|
|
$ |
1.49 |
|
|
|
8.50 |
|
|
$ |
293 |
|
| * |
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, 2024, there was approximately $1,171 of unamortized stock-based compensation cost related to unvested stock options, which
is expected to be recognized over a weighted average period of 1.81 years.
Restricted
Stock Units
Restricted
Stock Unit (“RSU”) activity for the three months ended March 31, 2024, is set forth in the table below:
Schedule
of Outstanding Restricted Stock Units
| |
|
RSUs |
|
| Outstanding at January 1, 2024 |
|
|
681,846 |
|
| Granted |
|
|
66,675 |
|
| Released |
|
|
— |
|
| Forfeited |
|
|
(70,396 |
) |
| Outstanding at March 31, 2024 |
|
|
678,125 |
|
As
of March 31, 2024, there was approximately $283 of unamortized stock-based compensation cost related to unvested RSUs, which is expected
to be recognized over a weighted average period of 0.85 years.
|