Sonim Technologies Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation

Stock-based Compensation

6 Months Ended

Jun. 30, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-based Compensation

NOTE 8 —Stock-based Compensation

Stock-based compensation expense for the three and six months ended June 30, 2021, and 2020 is as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Cost of revenues	$	16	$	13	$	32	$	23
Sales and marketing	55		49		111		106
General and administrative	63		102		237		198
Research and development	45		71		95		131
	$	179	$	235	$	475	$	458

Stock Options:

Stock option activity for the six months ended June 30, 2021, is as follows:

					Weighted average
				Weighted average	remaining		Aggregate
				exercise price	contractual life		Intrinsic
	Options			per share	(in years)		Value*
Outstanding at January 1, 2021	1,443,940		$	3.64	7.82	$	24
Options granted	—		$	—
Options exercised	(7,082	)	$	0.75
Options forfeited	(128,070	)	$	2.92
Options expired	(49,330	)	$	4.14
Outstanding at June 30, 2021	1,259,458		$	3.71	6.93	$	9


Exercisable at June 30, 2021	734,636		$	4.09	5.88	$	9

*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, 2021, there was approximately $2,443 of unamortized stock-based compensation cost related to unvested stock options, which is expected to be recognized over a weighted average period of approximately three years.

Restricted Stock Units:

Restricted stock units’ activity for the six months ended June 30, 2021, is as follows:

	RSUs
Outstanding at January 1, 2021		2,691,375
Granted		467,482
Released		(535,375	)
Forfeited		(525,000	)
Outstanding at June 30, 2021		2,098,482

Exercisable June 30, 2021		—

As of June 30, 2021, unvested restricted stock units (“RSU’s) totaled 2,098,482 shares. There were 467,482 RSU’s issued for the six months ended June 30, 2021, and 2,015,500 RSU’s issued for the six months ended June 30, 2020.