Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plan (Tables)

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Equity Incentive Plan (Tables)
 6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of share-based compensation expense
Share-based compensation expense in the following expense categories in the condensed consolidated statements of operations and comprehensive loss was as follows for the periods indicated:
Three Months Ended June 30, Six Months Ended June 30,
2024 2023 2024 2023
General and administrative $ 670  $ 381  $ 1,206  $ 738 
Sales and marketing 193 64 325 123
Research and development 244 93 418 184
Cost of revenues 46 27 87 53
  Total share-based compensation $ 1,152  $ 565  $ 2,037  $ 1,098 
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:
Six Months Ended June 30,
2024 2023
Expected term (in years) 5.9 5.9
Expected volatility 61.8  % 54.4  %
Risk-free rate 4.4  % 1.9  %
Dividend rate —  — 
Schedule of stock options and stock appreciate rights activity
The following table summarizes stock option and SARs activity for the six months ended June 30, 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 169,550 $ 3.92 
Exercised (278,808) $ 0.88 
Forfeited and expired (97,273) $ 3.59 
Outstanding at June 30, 2024 9,136,058 $ 2.00  6.7
Exercisable at June 30, 2024 6,486,698 $ 1.74  6.2
Vested and expected to vest at June 30, 2024 9,136,058 $ 2.00  6.7
Schedule of restricted stock units and stock bonus awards activity
The following table summarizes RSU activity for the six months ended June 30, 2024:
Number of
Shares under
Equity Plan 		Weighted
Average
Grant Date
Fair Value
Outstanding at December 31, 2023 303,688 $ 4.91 
Granted 1,906,800 $ 3.94 
Vested (111,783) $ 3.91 
Forfeited and expired (29,687) $ 4.39 
Outstanding at June 30, 2024 2,069,018 $ 4.08 
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