v3.25.2
Stock-based Compensation Expense
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation Expense

8. Stock-based Compensation Expense

The following table summarizes stock-based compensation expense included in operating expenses (in thousands):

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Cost of sales

 

$

36

 

 

$

62

 

 

$

82

 

 

$

116

 

Research and development

 

 

1,182

 

 

 

1,292

 

 

 

2,097

 

 

 

2,713

 

Selling, general and administrative

 

 

2,566

 

 

 

4,056

 

 

 

5,165

 

 

 

7,551

 

Total

 

$

3,784

 

 

$

5,410

 

 

$

7,344

 

 

$

10,380

 

 

Our 2022 Equity Incentive Plan, as amended (the “2022 Plan”), provides for the grant of incentive stock options, non-statutory stock options, stock appreciation rights, restricted stock awards, restricted stock unit awards and other stock-based awards. On May 28, 2025, our stockholders approved an amendment to the 2022 Plan to increase the number of shares of our common stock available for issuance under the 2022 Plan by 450,000 shares.