v3.26.1
Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense

Stock-based compensation expense included in the condensed consolidated statement of operations was as follows:

 

 

Three Months Ended March 31,

 

 

2026

 

 

2025

 

Cost of revenue

 

$

7

 

 

$

12

 

Selling, general, and administrative

 

 

583

 

 

 

794

 

Research and development

 

 

48

 

 

 

91

 

Total stock-based compensation expense

 

$

638

 

 

$

897

 

Summary of Option Activity Under the Plan

The following table summarizes the option activity under the 2010 Plan, 2020 Plan, 2023 Plan, and Amended 2023 Plan during the three months ended March 31, 2026:

 

 

Number of
Options

 

 

Weighted
Average Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Term

 

 

Aggregate
Intrinsic
Value

 

 

 

 

 

(per option)

 

 

(in years)

 

 

(in thousands)

 

Outstanding—January 1, 2026

 

 

256,453

 

 

$

28.96

 

 

 

7.2

 

 

$

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Cancellations and forfeitures

 

 

(3,949

)

 

 

33.64

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding— March 31, 2026

 

 

252,504

 

 

 

28.89

 

 

 

7.1

 

 

 

 

Exercisable at March 31, 2026

 

 

203,525

 

 

$

35.44

 

 

 

6.8

 

 

$

 

Summary of Restricted Stock Unit Activity Under the Plan

The following table summarizes the restricted stock unit activity under the 2020 Plan, 2023 Plan, and Amended 2023 Plan during the three months ended March 31, 2026:

 

 

Number of RSUs

 

 

Weighted
Average Grant
Date Fair Value

 

 

 

 

 

(per share)

 

Outstanding—January 1, 2026

 

 

383,018

 

 

$

4.50

 

Granted

 

 

10,395

 

 

 

0.92

 

Cancellations and forfeitures

 

 

(5,410

)

 

 

2.36

 

Vested

 

 

(1,318

)

 

 

1.69

 

Outstanding—March 31, 2026

 

 

386,685

 

 

$

5.07