|
NOTE
6 — Stock-Based Compensation
Stock-based
compensation expense is as follows:
Schedule of Stock Based Compensation Expense
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
Three Months Ended |
|
|
Nine Months Ended |
|
| |
|
September 30, |
|
|
September 30, |
|
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| Cost of revenues |
|
$ |
12 |
|
|
$ |
15 |
|
|
$ |
27 |
|
|
$ |
42 |
|
| Research and development |
|
|
9 |
|
|
|
15 |
|
|
|
23 |
|
|
|
35 |
|
| Sales and marketing |
|
|
38 |
|
|
|
99 |
|
|
|
432 |
|
|
|
289 |
|
| General and administrative |
|
|
107 |
|
|
|
244 |
|
|
|
900 |
|
|
|
803 |
|
| Stock-based compensation
expenses |
|
$ |
166 |
|
|
$ |
373 |
|
|
$ |
1,382 |
|
|
$ |
1,169 |
|
Stock-based
compensation in Cost of Revenues relates to employees who focus on supply chain management.
Stock
Options
Stock
option activity, as adjusted for the Reverse Stock Splits, for the nine months ended September 30, 2025, is set forth in the table below:
Schedule of Stock Option Activity
| |
|
Options |
|
|
Weighted
average
exercise
price per
share |
|
|
Weighted
average
remaining
contractual
life (in
years) |
|
|
Aggregate
Intrinsic
Value* |
|
| Outstanding at January 1, 2025 |
|
|
41,874 |
|
|
$ |
112.14 |
|
|
|
|
|
|
|
|
|
| Granted |
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
| Forfeited and Expired |
|
|
(5,514 |
) |
|
|
116.18 |
|
|
|
|
|
|
|
|
|
| Outstanding at September 30, 2025 |
|
|
36,360 |
|
|
$ |
111.53 |
|
|
|
7.38 |
|
|
$ |
— |
|
| Vested and Expected to Vest at September 30, 2025 |
|
|
36,360 |
|
|
$ |
111.53 |
|
|
|
7.38 |
|
|
$ |
— |
|
| Exercisable at September 30, 2025 |
|
|
26,171 |
|
|
$ |
117.37 |
|
|
|
7.12 |
|
|
$ |
— |
|
| * |
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, 2025, there was approximately $692 of unamortized stock-based compensation cost related to unvested stock options, which
is expected to be recognized over a weighted average period of 1.25 years.
Restricted
Stock Units
Restricted
Stock Unit (“RSU”) activity, as adjusted for the Reverse Stock Splits, for the nine months ended September 30, 2025, is set
forth in the table below:
Schedule of Outstanding Restricted Stock Units
| |
|
RSUs |
|
| Outstanding at January 1, 2025 |
|
|
3,769 |
|
| Granted |
|
|
39,187 |
|
| Released |
|
|
(42,956 |
) |
| Forfeited |
|
|
— |
|
| Outstanding at September 30, 2025 |
|
|
— |
|
|