Annual report [Section 13 and 15(d), not S-K Item 405]

Stock-based Compensation (Tables)

v3.25.1
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