| Schedule of stock-based compensation expense |
The stock-based compensation expense related to the Innodata Inc. 2013 Stock Plan, as amended and restated effective June 7, 2016 (the “2013 Plan”) and the Innodata Inc. 2021 Equity Compensation Plan, as amended and restated effective as of April 11, 2022 (the “2021 Plan”, and together with the 2013 Plan, collectively, the “Equity Plans”) were allocated as follows (in thousands): | | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Direct operating costs | | $ | 441 | | $ | 73 | | $ | 868 | | $ | 157 | Selling and administrative expenses | | | 2,280 | | | 919 | | | 4,734 | | | 1,869 | Total stock-based compensation | | $ | 2,721 | | $ | 992 | | $ | 5,602 | | $ | 2,026 |
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| Schedule of stock option activity |
2013 Plan A summary of option activity under the 2013 Plan and changes during each of the six-month periods ended June 30, 2025 and 2024 are presented below: | | | | | | | | | | | | | | | | | Weighted-Average | | | | | Number of | | Weighted - Average | | Remaining Contractual | | Aggregate | | | Options | | Exercise Price | | Term (years) | | Intrinsic Value | Outstanding at January 1, 2025 | | 3,165,193 | | $ | 3.67 | | 6.32 | | $ | 113,458,326 | Granted | | - | | | - | | - | | | - | Exercised | | (236,542) | | | 4.48 | | - | | | - | Forfeited/Expired | | - | | | - | | - | | | - | Outstanding at June 30, 2025 | | 2,928,651 | | $ | 3.61 | | 5.85 | | $ | 139,434,371 | | | | | | | | | | | | Exercisable at June 30, 2025 | | 2,830,316 | | $ | 3.62 | | 5.80 | | $ | 134,732,975 | | | | | | | | | | | | Vested and Expected to vest at June 30, 2025 | | 2,928,651 | | $ | 3.61 | | 5.85 | | $ | 139,434,371 |
| | | | | | | | | | | | | | | | | | Weighted-Average | | | | | | Number of | | Weighted - Average | | Remaining Contractual | | Aggregate | | | Options | | Exercise Price | | Term (years) | | Intrinsic Value | Outstanding at January 1, 2024 | | 5,339,162 | | $ | 3.22 | | 6.38 | | $ | 28,640,009 | Granted | | - | | | - | | - | | | - | Exercised | | (155,899) | | | 4.00 | | - | | | - | Forfeited/Expired | | (4,001) | | | 6.96 | | - | | | - | Outstanding at June 30, 2024 | | 5,179,262 | | $ | 3.19 | | 5.87 | | $ | 60,291,271 | | | | | | | | | | | | Exercisable at June 30, 2024 | | 3,402,382 | | $ | 2.20 | | 4.92 | | $ | 42,967,259 | | | | | | | | | | | | Vested and Expected to vest at June 30, 2024 | | 5,179,262 | | $ | 3.19 | | 5.87 | | $ | 60,291,271 |
2021 Plan A summary of option activity under the 2021 Plan and changes during the six-month periods ended June 30, 2025 and 2024 are presented below. | | | | | | | | | | | | | | | | | Weighted-Average | | | | | Number of | | Weighted - Average | | Remaining Contractual | | Aggregate | | | Options | | Exercise Price | | Term (years) | | Intrinsic Value | Outstanding at January 1, 2025 | | 842,271 | | $ | 15.86 | | 8.46 | | $ | 20,847,471 | Granted | | - | | | - | | - | | | - | Exercised | | (116,874) | | | 3.51 | | - | | | - | Forfeited/Expired | | (16,335) | | | 3.41 | | - | | | - | Outstanding at June 30, 2025 | | 709,062 | | $ | 18.19 | | 8.09 | | $ | 23,423,424 | | | | | | | | | | | | Exercisable at June 30, 2025 | | 198,204 | | $ | 3.32 | | 7.23 | | $ | 9,494,233 | | | | | | | | | | | | Vested and Expected to vest at June 30, 2025 | | 709,062 | | $ | 18.19 | | 8.09 | | $ | 23,423,424 |
| | | | | | | | | | | | | | | | | | Weighted-Average | | | | | | Number of | | Weighted - Average | | Remaining Contractual | | Aggregate | | | Options | | Exercise Price | | Term (years) | | Intrinsic Value | Outstanding at January 1, 2024 | | 923,571 | | $ | 3.41 | | 8.76 | | $ | 4,786,252 | Granted | | - | | | - | | - | | | - | Exercised | | (46,430) | | | 3.41 | | - | | | - | Forfeited/Expired | | (7,668) | | | 3.41 | | - | | | - | Outstanding at June 30, 2024 | | 869,473 | | $ | 3.41 | | 8.27 | | $ | 9,927,362 | | | | | | | | | | | | Exercisable at June 30, 2024 | | 339,779 | | $ | 3.33 | | 8.24 | | $ | 3,907,176 | | | | | | | | | | | | Vested and Expected to vest at June 30, 2024 | | 869,473 | | $ | 3.41 | | 8.27 | | $ | 9,927,362 |
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| Summary of restricted stock under the company's plan |
| | | | | | | | Number of | | Weighted-Average | | | Restricted Stock | | Grant Date | | | Units | | Fair Value | Unvested at January 1, 2025 | | 1,249,079 | | $ | 20.98 | Granted | | 14,580 | | | 44.81 | Vested | | (213,173) | | | 6.36 | Forfeited/Expired | | (541,250) | | | 7.07 | Unvested at June 30, 2025 | | 509,236 | | $ | 42.57 |
| | | | | | | | Number of | | Weighted-Average | | | Restricted Stock | | Grant Date | | | Units | | Fair Value | Unvested at January 1, 2024 | | 749,756 | | $ | 5.77 | Granted | | 28,973 | | | 15.10 | Vested | | (48,761) | | | 8.42 | Forfeited/Expired | | (995) | | | 8.29 | Unvested at June 30, 2024 | | 728,973 | | $ | 5.96 |
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