|
NOTE
8 —Stock-based Compensation
Stock-based
compensation expense for the three and nine months ended September 30, 2022, and 2021 is as follows:
Schedule of Stock-based Compensation Expense
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| |
|
Three Months Ended |
|
|
Nine Months Ended |
|
| |
|
September 30, |
|
|
September 30, |
|
| |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
| Cost of revenues |
|
$ |
9 |
|
|
$ |
16 |
|
|
$ |
89 |
|
|
$ |
48 |
|
| Sales and marketing |
|
|
3 |
|
|
|
45 |
|
|
|
53 |
|
|
|
156 |
|
| General and administrative |
|
|
622 |
|
|
|
189 |
|
|
|
1,230 |
|
|
|
426 |
|
| Research and development |
|
|
3 |
|
|
|
35 |
|
|
|
18 |
|
|
|
130 |
|
| Stock-based compensation expense |
|
$ |
637 |
|
|
$ |
285 |
|
|
$ |
1,136 |
|
|
$ |
760 |
|
Stock
Options:
Stock
option activity for the nine months ended September 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
|
|
|
Aggregate |
|
| |
|
|
|
|
exercise price |
|
|
contractual life |
|
|
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 |
|
|
(15,303 |
) |
|
$ |
33.65 |
|
|
|
|
|
|
|
|
|
| Options expired |
|
|
(17,562 |
) |
|
$ |
48.55 |
|
|
|
|
|
|
|
|
|
| Outstanding at September 30, 2022 |
|
|
62,548 |
|
|
$ |
39.15 |
|
|
|
5.64 |
|
|
$ |
0 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable at September 30, 2022 |
|
|
54,887 |
|
|
$ |
39.92 |
|
|
|
5.42 |
|
|
$ |
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 September 30, 2022, there was approximately $429 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.
Restricted
Stock Units:
Restricted
stock units’ (“RSU”) activity for the nine months ended September 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 |
|
|
554,591 |
|
| Released |
|
|
(169,683 |
) |
| Forfeited |
|
|
(40,661 |
) |
| Outstanding at September 30, 2022 |
|
|
691,355 |
|
|