Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation

v3.22.2.2
Stock-based Compensation
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation

NOTE 8 —Stock-based Compensation

 

Stock-based compensation expense for the three and nine months ended September 30, 2022, and 2021 is as follows:

 

    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:

 

          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:

 

    RSUs  
Outstanding at January 1, 2022     347,110  
Granted     554,591  
Released     (169,683 )
Forfeited     (40,661 )
Outstanding at September 30, 2022     691,355