v3.25.1
EMPLOYEE SHARE BASED COMPENSATION AND BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK OPTION ACTIVITY UNDER THE 2010 AND 2019 PLAN

The stock option activity under the 2010 and 2019 Plan for the years ended December 31, 2024 and 2023 was as follows:

 

SCHEDULE OF STOCK OPTION ACTIVITY UNDER THE 2010 AND 2019 PLAN

   Number of Shares   Weighted Average Exercise Price   Aggregate Intrinsic Value   Weighted Average Remaining Contractual Term 
Options outstanding at December 31, 2023   759,922    17.48   $113,929    6.06 
Options granted   677,424    2.24           
Options forfeited or expired   (561,097)   16.84           
Options outstanding(1) at December 31, 2024   876,249   $6.11   $-    7.71 
                     
Exercisable options at December 31, 2024   

542,685

   $

7.24

   $

-

    

6.89

 

 

(1)Options outstanding include options vested and expected to vest
SUMMARY OF RSU ACTIVITY

The following table summarizes RSU activity for the 2019 Plan during the years ended December 31, 2024 and 2023.

 

  Number of Shares     Weighted Average Grant Date Fair Value per Share 
RSUs outstanding at December 31, 2023   59,463   $3.19 
RSUs granted   318,951    1.13 
RSUs vested and issued   (199,076)   1.49
RSUs forfeited or expired   (30,277)   3.16
RSUs outstanding at December 31, 2024   149,061   $1.02 
SCHEDULE OF ALLOCATION OF EMPLOYEE STOCK-BASED COMPENSATION EXPENSE BY FUNCTIONAL AREA

The allocation of non-cash stock-based compensation expense by functional area for the year ended December 31, 2024 and 2023 was as follows.

 

SCHEDULE OF ALLOCATION OF EMPLOYEE STOCK-BASED COMPENSATION EXPENSE BY FUNCTIONAL AREA 

           
   Year Ended 
   December 31, 
(in thousands)  2024   2023 
Cost of revenue  $36   $33 
Research and development   195    325 
Sales and marketing   153    47 
General and administrative   1,110    1,319 
Total  $1,494   $1,724