v3.25.1
Stock-Based Compensation
3 Months Ended
Mar. 31, 2025
Stock-Based Compensation  
Stock-Based Compensation

11.       Stock-Based Compensation

The following table summarizes the classification of stock-based compensation expense in the Company’s condensed consolidated statements of operations related to employees and nonemployees:

Three Months Ended

March 31, 

(in thousands)

    

2025

    

2024

Cost of goods sold (1)

$

262

$

248

Research and development

 

1,710

 

2,194

Selling, general and administrative

 

3,400

 

4,877

Stock-based compensation subtotal

5,372

7,319

Less: Stock-based compensation from discontinued operations

(326)

(503)

Total stock-based compensation expense

$

5,046

$

6,816

 

 

Total stock-based compensation expense capitalized into inventory

$

243

$

394

(1) Stock-based compensation capitalized into inventory is recognized as cost of goods sold when the related product is sold.