Sonim Technologies Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stock-based Compensation (Tables)

Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

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
	2021		2020
Research and development	$	159	$	252
Sales and marketing		188		230
General and administrative		673		548
Cost of revenues		65		57
	$	1,085	$	1,087

Summary of Stock Option Activity

Stock option activity for the years ended December 31, 2021 and 2020 is as follows and reflects the 1-for-10 Reverse Stock Split that became effective on September 15, 2021:

				Weighted average exercise price		Weighted average remaining contractual life		Aggregate Intrinsic
	Options			per share		(in years)		Value*
Outstanding at January 1, 2020		264,443		$	35.00		8.51	$	4,184
Options granted		2,600		$	8.58
Options exercised		(54,116	)	$	7.06
Options forfeited		(51,079	)	$	47.27
Options cancelled		(17,545	)	$	70.44
Outstanding at December 31, 2020		144,303		$	36.37		7.82	$	24

Options granted		0		$
Options exercised		(707	)	$	7.50
Options forfeited		(23,171	)	$	27.55
Options cancelled		(25,012	)	$	29.60
Outstanding at December 31, 2021		95,413		$	40.00		6.73	$	0

Vested and expected to vest at December 31, 2021		95,413		$	40.00		6.71	$	0
Exercisable at December 31, 2021		61,130		$	44.34		6.05	$	0

*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.

Summary of Fair Value of Option Grants Valuation Assumptions

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

	2020
Expected dividend yield		0%
Risk-free interest rate	0.26%-0.46%
Expected volatility		50%
Expected life (in years)		6.25

Summary of Outstanding RSU's

The following table summarized the outstanding RSU’s as of December 31, 2021:

	RSU's
Outstanding at January 1, 2021		269,138
Granted		220,268
Released		(55,683	)
Forfeited		(86,612	)
Outstanding at December 31, 2021		347,111