Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plan (Tables)

v3.21.2
Equity Incentive Plan (Tables)
6 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of share-based compensation expense
   

Three Months Ended
June 30,

(unaudited)

   

Six Months Ended
June 30,

(unaudited)

 
(in thousands)   2021     2020     2021     2020  
General and administrative   $ 174     $ 219     $ 391     $ 290  
Sales and marketing     16       38       57       52  
Research and development     42       30       113       40  
Cost of revenues     7       8       62       11  
    $ 239     $ 295     $ 623     $ 393  

  

Schedule of fair value of option grants weighted average assumptions
   

Six Months Ended
June 30,

(unaudited)

 
    2021     2020  
Expected term (in years)     5.8       5.7  
Expected Volatility     54.5 %     43.0 %
Risk-free rate     0.8 %     0.6 %
Dividend rate    
     
 

 

Schedule of stock option activity
   

Number of

Shares under

Option Plan

    Weighted-
Average
Exercise
Price per
Option
   

Weighted-

Average

Remaining

Contractual

Life (in years)

 
Outstanding at December 31, 2020     4,211,857     $ 0.76       8.6  
Granted     2,378,915     $ 3.00          
Exercised     (154,902 )   $ 0.81          
Forfeited and expired     (69,905 )   $ 1.36          
Outstanding at June 30, 2021     6,365,965     $ 1.59       8.40  
Exercisable at June 30, 2021     2,939,225     $ 0.93       8.18  
Vested and expected to vest at June 30, 2021     5,955,731     $ 1.49       8.60