|
NOTE
7 —Stock-based Compensation
Stock-based
compensation expense for the three and six months ended June 30, 2022, and 2021 is as follows:
Schedule of Stock-based Compensation Expense
| |
|
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|
|
|
|
|
|
|
|
|
|
|
|
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|
| |
|
Three Months Ended |
|
|
Six Months Ended |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| Cost of revenues |
|
$ |
9 |
|
|
$ |
16 |
|
|
$ |
20 |
|
|
$ |
32 |
|
| Sales and marketing |
|
|
(28 |
) |
|
|
55 |
|
|
|
(2 |
) |
|
|
111 |
|
| General and administrative |
|
|
240 |
|
|
|
63 |
|
|
|
465 |
|
|
|
237 |
|
| Research and development |
|
|
(5 |
) |
|
|
45 |
|
|
|
16 |
|
|
|
95 |
|
| Stock-based compensation expense |
|
$ |
216 |
|
|
$ |
179 |
|
|
$ |
499 |
|
|
$ |
475 |
|
Stock
Options:
Stock
option activity for the six months ended June 30, 2022, is set forth in the table below and reflects the 1-for-10 Reverse Stock Split
that became effective on September 15, 2021:
Summary of Stock Option Activity
| |
|
|
|
|
Weighted average |
|
|
Weighted average
remaining |
|
|
|
|
| |
|
|
|
|
exercise
price |
|
|
contractual
life |
|
|
Aggregate
Intrinsic |
|
| |
|
Options |
|
|
per share |
|
|
(in years) |
|
|
Value*
|
|
| Outstanding at January 1, 2022 |
|
|
95,413 |
|
|
$ |
40.00 |
|
|
|
6.73 |
|
|
$ |
0 |
|
| Options granted |
|
|
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
| Options exercised |
|
|
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
| Options forfeited |
|
|
(6,519 |
) |
|
$ |
26.84 |
|
|
|
|
|
|
|
|
|
| Options expired |
|
|
(5,538 |
) |
|
$ |
58.78 |
|
|
|
|
|
|
|
|
|
| Outstanding at June 30, 2022 |
|
|
83,356 |
|
|
$ |
39.78 |
|
|
|
5.28 |
|
|
$ |
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable at June 30, 2022 |
|
|
60,860 |
|
|
$ |
42.19 |
|
|
|
4.48 |
|
|
$ |
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. |
As
of June 30, 2022, there was approximately $826 of unamortized stock-based compensation cost related to unvested stock options, which
is expected to be recognized over a weighted average period of approximately two years.
SONIM
TECHNOLOGIES, INC
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
(In
thousands of U.S. dollars except share and per share amounts or as otherwise disclosed)
Restricted
Stock Units:
Restricted
stock units’ (“RSU”) activity for the six months ended June 30, 2022, is set forth in the table below and reflects
the 1-for-10 Reverse Stock Split that became effective on September 15, 2021:
Summary of Outstanding RSU's
| |
|
RSUs |
|
| Outstanding at January 1, 2022 |
|
|
347,110 |
|
| Granted |
|
|
— |
|
| Released |
|
|
(71,347 |
) |
| Forfeited |
|
|
(40,661 |
) |
| Outstanding at June 30, 2022 |
|
|
235,102 |
|
|