Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plan (Tables)

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Equity Incentive Plan (Tables)
 3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of share-based compensation expense
The Company recorded share-based compensation expense in the following expense categories in the condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2024 and 2023:
Three Months Ended March 31,
2024 2023
General and administrative $ 537  $ 357 
Sales and marketing 133 59
Research and development 174 91
Cost of revenues 41 26
  Total share-based compensation $ 885  $ 533 
Schedule of fair value of stock options and stock appreciation rights weighted average assumptions
The grant date fair value of stock options and stock appreciation rights was estimated using a Black-Scholes option pricing model with the following weighted average assumptions:
Three Months Ended
March 31,
2024 2023
Expected term (in years) 6.0 5.9
Expected volatility 57.6  % 57.1  %
Risk-free rate 4.3  % 4.0  %
Dividend rate —  — 
Schedule of stock options and stock appreciate rights activity
The following table summarizes stock option and SARs activity for the three months ended March 31, 2024:
Number of
Shares under
Equity Plan 		Weighted-
Average
Exercise
Price per Option		 Weighted-
Average
Remaining
Contractual
Life (in years)
Outstanding at December 31, 2023 9,342,589 $ 1.94  7.2
Granted 118,050 $ 4.39 
Exercised (67,825) $ 1.26 
Forfeited and expired (53,949) $ 4.34 
Outstanding at March 31, 2024 9,338,865 $ 1.97  6.9
Exercisable at March 31, 2024 6,349,935 $ 1.66  6.4
Vested and expected to vest at March 31, 2024 9,338,865 $ 1.97  6.9
Schedule of restricted stock units and stock bonus awards activity
The following table summarizes RSU activity for the three months ended March 31, 2024:
Number of
Shares under
Equity Plan 		Weighted
Average
Grant Date
Fair Value
Outstanding at December 31, 2023 303,688 $ 4.91 
Granted 1,393,198 $ 4.37 
Vested — $ — 
Forfeited and expired (10,500) $ 4.39 
Outstanding at March 31, 2024 1,686,386 $ 4.47 
Schedule of options vesting information These options vest based on the CEO’s continued service in addition the Company's stock price reaching the following thresholds for a minimum of 20 out of 30 trading days before the option expiration dates:
Tranche Number of Option Shares Stock Price Threshold Option Expiration
1 317,688 $9.00 March 3, 2031
2 46,273 $9.00 March 21, 2031
3 363,961 $13.50 March 21, 2031
  Total 727,922