|
NOTE
6 — Stock-Based Compensation
Stock-based
compensation expense is as follows:
Schedule of Stock Based Compensation Expense
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
Three Months Ended |
|
|
Six Months Ended |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| Cost of revenues |
|
$ |
13 |
|
|
$ |
15 |
|
|
$ |
15 |
|
|
$ |
27 |
|
| Research and development |
|
|
12 |
|
|
|
13 |
|
|
|
14 |
|
|
|
20 |
|
| Sales and marketing |
|
|
329 |
|
|
|
104 |
|
|
|
394 |
|
|
|
190 |
|
| General and administrative |
|
|
572 |
|
|
|
340 |
|
|
|
793 |
|
|
|
559 |
|
| Stock-based compensation
expenses |
|
$ |
926 |
|
|
$ |
472 |
|
|
$ |
1,216 |
|
|
$ |
796 |
|
Stock-based
compensation in Cost of Revenues relates to employees who focus on supply chain management.
Stock
Options
Stock
option activity for the six months ended June 30, 2025, is set forth in the table below:
Schedule of Stock Option Activity
| |
|
Options |
|
|
Weighted
average
exercise
price per
share |
|
|
Weighted
average
remaining
contractual
life (in
years) |
|
|
Aggregate
Intrinsic
Value* |
|
| Outstanding at January 1, 2025 |
|
|
755,494 |
|
|
$ |
6.48 |
|
|
|
|
|
|
|
|
|
| Granted |
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
| Forfeited and Expired |
|
|
(79,715 |
) |
|
|
6.72 |
|
|
|
|
|
|
|
|
|
| Outstanding at June 30, 2025 |
|
|
675,779 |
|
|
$ |
6.46 |
|
|
|
7.83 |
|
|
$ |
— |
|
| Vested and Expected to Vest at June 30, 2025 |
|
|
675,779 |
|
|
$ |
6.46 |
|
|
|
7.83 |
|
|
$ |
— |
|
| Exercisable at June 30, 2025 |
|
|
441,674 |
|
|
$ |
7.06 |
|
|
|
7.62 |
|
|
$ |
— |
|
| * |
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, 2025, there was approximately $973 of unamortized stock-based compensation cost related to unvested stock options, which
is expected to be recognized over a weighted average period of 1.44 years.
Restricted
Stock Units
Restricted
Stock Unit (“RSU”) activity for the six months ended June 30, 2025, is set forth in the table below:
Schedule of Outstanding Restricted Stock Units
| |
|
RSUs |
|
| Outstanding at January 1, 2025 |
|
|
67,962 |
|
| Granted |
|
|
705,998 |
|
| Released |
|
|
(773,960 |
) |
| Forfeited |
|
|
— |
|
| Outstanding at June 30, 2025 |
|
|
— |
|
|