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

Stock-based Compensation (Tables)

3 Months Ended

Mar. 31, 2023

Stock-based compensation expense for the three months ended March 31, 2023 and 2022 is as follows:

	2023		2022
	Three Months Ended
	March 31,
	2023		2022
Cost of revenues	$	152	$	11
Sales and marketing		46		26
General and administrative		111		225
Research and development		—		21
Stock-based compensation expenses	$	309	$	283

Stock option activity for the three months ended March 31, 2023, is set forth in the table below:

Summary of Stock Option Activity

			Weighted average		Weighted average remaining contractual		Aggregate
			exercise price		life		Intrinsic
	Options		per share		(in years)		Value*
Outstanding at January 1, 2023		4,476,215	$	0.95		9.76	$	358
Options granted		1,253,000	$	0.50
Options exercised		—
Options forfeited		—
Options expired		—
Outstanding at March 31, 2023		5,729,215	$	0.85		9.56	$	3,256

Exercisable at March 31, 2023		55,496	$	39.22		5.04	$	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.

Restricted stock units’ (“RSU”) activity for the three months ended March 31, 2023, is set forth in the table below: