Annual report pursuant to Section 13 and 15(d)

Stock-based Compensation (Tables)

v3.20.4
Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock-based Compensation Expense

Stock-based compensation expense is as follows:

 

 

 

For the Year Ended

 

 

 

December 31

 

 

 

2020

 

 

2019

 

Research and development

 

$

252

 

 

$

394

 

Sales and marketing

 

 

230

 

 

 

664

 

General and administrative

 

 

548

 

 

 

5,208

 

Cost of revenues

 

 

57

 

 

 

42

 

 

 

$

1,087

 

 

$

6,308

 

Summary of Stock Option Activity

Stock option activity for the years ended December 31, 2020 and 2019 is as follows:

 

 

 

 

 

 

 

Weighted average

exercise price

 

 

Weighted average

remaining

contractual life

 

 

Aggregate

Intrinsic

 

 

 

Options

 

 

per share

 

 

(in years)

 

 

Value

 

Outstanding at January 1, 2019

 

 

1,320,197

 

 

$

0.77

 

 

 

7.99

 

 

$

8,465

 

Options granted

 

 

1,635,853

 

 

$

5.94

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(95,739

)

 

$

0.85

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

(186,266

)

 

$

7.02

 

 

 

 

 

 

 

 

 

Options cancelled

 

 

(28,331

)

 

 

2.72

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

 

2,645,714

 

 

$

3.50

 

 

 

8.51

 

 

$

4,184

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options granted

 

 

26,000

 

 

$

0.86

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(541,268

)

 

$

0.71

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

(510,755

)

 

$

4.73

 

 

 

 

 

 

 

 

 

Options cancelled

 

 

(175,751

)

 

$

7.04

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2020

 

 

1,443,940

 

 

$

3.64

 

 

 

7.82

 

 

$

24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at December 31, 2020

 

 

1,443,940

 

 

$

3.64

 

 

 

7.82

 

 

$

24

 

Exercisable at December 31, 2020

 

 

669,852

 

 

$

4.19

 

 

 

6.62

 

 

$

24

 

Summary of Fair Value of Option Grants Valuation Assumptions

The calculated fair value of option grants made during the years ended December 31, 2020 and 2019, were estimated using the following Black-Scholes option pricing model assumptions:

 

 

 

2020

 

 

2019

 

Expected dividend yield

 

 

0

%

 

 

0

%

Risk-free interest rate

 

0.26%-0.46%

 

 

1.59%-2.33%

 

Expected volatility

 

 

50

%

 

 

50

%

Expected life (in years)

 

 

6.25

 

 

 

6.25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Stock Options Outstanding

 

 

 

 

 

Summary of Outstanding RSU's

The following table summarized the outstanding RSU’s as of December 31, 2020:

 

 

 

RSU's

 

Outstanding at January 1, 2020

 

 

249,500

 

Granted

 

 

2,806,000

 

Released

 

 

(119,875

)

Forfeited

 

 

(244,250

)

Outstanding at December 31, 2020

 

 

2,691,375

 

 

 

 

 

 

Exercisable at December 31, 2020