Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation

v3.22.2
Stock-based Compensation
9 Months Ended
Sep. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock-based Compensation

NOTE 9 —Stock-based Compensation

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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Cost of revenues

 

$

16

 

 

$

16

 

 

$

48

 

 

$

39

 

Sales and marketing

 

45

 

 

59

 

 

156

 

 

165

 

General and administrative

 

189

 

 

173

 

 

426

 

 

371

 

Research and development

 

35

 

 

64

 

 

130

 

 

195

 

 

 

$

285

 

 

$

312

 

 

$

760

 

 

$

770

 

 

Stock Options:

Stock option activity for the nine months ended September 30, 2021, is set forth in the table below and reflects the 1-for-10 Reverse Stock Split that became effective on September 15, 2021:

 

 

 

 

 

 

 

 

 

 

 

Weighted average

 

 

 

 

 

 

 

 

 

 

 

Weighted average

 

 

 

remaining

 

 

 

Aggregate

 

 

 

 

 

 

 

exercise price

 

 

 

contractual life

 

 

 

Intrinsic

 

 

 

Options

 

 

 

per share

 

 

 

(in years)

 

 

 

Value*

 

Outstanding at January 1, 2021

 

144,303

 

 

$

36.37

 

 

 

7.82

 

 

$

24

 

Options granted

 

 

 

$

 

 

 

 

 

 

 

 

 

Options exercised

 

(707

)

 

$

7.50

 

 

 

 

 

 

 

 

 

Options forfeited

 

(23,171

)

 

$

27.55

 

 

 

 

 

 

 

 

 

Options expired

 

(13,781

)

 

$

32.29

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2021

 

106,644

 

 

$

39.00

 

 

 

6.35

 

 

$

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2021

 

69,082

 

 

$

42.34

 

 

 

5.36

 

 

$

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 September 30, 2021, there was approximately $1,758 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’ (“RSU”) activity for the nine months ended September 30, 2021, is set forth in the table below and reflects the 1-for-10 Reverse Stock Split that became effective on September 15, 2021:

 

 

 

RSUs

 

Outstanding at January 1, 2021

 

 

269,138

 

Granted

 

 

47,597

 

Released

 

 

(55,683

)

Forfeited

 

 

(84,175

)

Outstanding at September 30, 2021

 

 

176,877

 

 

 

 

 

 

Exercisable September 30, 2021

 

 

 

 

As of September 30, 2021, unvested RSU’s totaled 176,887 shares. There were 47,597 RSU’s granted for the nine months ended September 30, 2021, and 269,200 RSU’s granted for the nine months ended September 30, 2020.