Redeemable Preferred Stock and Stockholders' Equity (Tables)
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6 Months Ended |
Jun. 30, 2023 |
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| Equity [Abstract] |
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| Summary of Income Statement Classification of Compensation Expense |
The following table summarizes the statement of operations classification of compensation expense associated with share-based payments (in thousands):
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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2023 |
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2022 |
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|
2023 |
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|
2022 |
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Cost of revenue |
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$ |
5 |
|
|
$ |
93 |
|
|
$ |
23 |
|
|
$ |
113 |
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Sales and marketing |
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|
105 |
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|
|
213 |
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|
|
302 |
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|
|
312 |
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General and administrative |
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(25 |
) |
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|
109 |
|
|
|
405 |
|
|
|
151 |
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Engineering and development |
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|
(1 |
) |
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|
475 |
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|
|
45 |
|
|
|
524 |
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Total |
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$ |
84 |
|
|
$ |
890 |
|
|
$ |
775 |
|
|
$ |
1,100 |
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| Summary of Option Activity |
A summary of option activity for the six months ended June 30, 2023 is as follows (in thousands, except per share data):
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Weighted |
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Weighted
Average
Remaining |
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Average |
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Contractual |
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Aggregate |
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Shares |
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Exercise
Price |
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Term
(Years) |
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Intrinsic
Value (1) |
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Options outstanding as of December 31, 2022 |
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|
1 |
|
|
$ |
7,494.72 |
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|
|
5.8 |
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|
$ |
— |
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Forfeited, cancelled, or expired (2) |
|
|
— |
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|
$ |
23,791.67 |
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|
|
— |
|
|
$ |
— |
|
Options outstanding as of June 30, 2023 |
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|
1 |
|
|
$ |
7,419.60 |
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|
5.3 |
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|
$ |
— |
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Options exercisable as of June 30, 2023 |
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|
1 |
|
|
$ |
7,569.48 |
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5.2 |
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|
$ |
— |
|
Vested options expired during the period ended June 30, 2023 |
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|
— |
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|
$ |
— |
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| Summary of Unvested Stock Option Activity |
A summary of unvested stock option activity for the six months ended June 30, 2023 is as follows (in thousands, except per share data):
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Weighted |
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Average Grant |
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Shares (1) |
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|
Date Fair Value |
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Unvested options as of December 31, 2022 |
|
|
— |
|
|
$ |
1,438.11 |
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Vested |
|
|
— |
|
|
$ |
1,595.99 |
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Unvested options as of June 30, 2023 |
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|
— |
|
|
$ |
1,366.14 |
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(1)
Rounded to less than 1,000 shares as adjusted for the 2023 reverse stock split.
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| Fair Value Disclosures Related to Grants, Exercises and Vesting Options |
Fair value disclosures related to grants, exercises and vested options are as follows (in thousands, except per share amounts):
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Three Months Ended |
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Six Months Ended |
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|
June 30, |
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June 30, |
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|
2023 |
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|
2022 |
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|
2023 |
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|
2022 |
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Total fair value of stock options vested during the period |
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$ |
4 |
|
|
$ |
10 |
|
|
$ |
10 |
|
|
$ |
24 |
|
Stock Option Activity
There were no option grants or exercises during the three and six months ended June 30, 2023 and 2022.
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| Summary of Unvested Restricted Stock Units |
A summary of unvested RSU activity for the six months ended June 30, 2023 is as follows (in thousands, except per share amounts):
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Weighted |
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Average Grant |
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Shares |
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Date Fair Value |
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Unvested RSUs as of December 31, 2022 |
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|
4 |
|
|
$ |
526.80 |
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Granted |
|
|
57 |
|
|
$ |
11.46 |
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Vested |
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|
(9 |
) |
|
$ |
158.09 |
|
Forfeited or cancelled |
|
|
— |
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|
$ |
1,501.38 |
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Unvested RSUs as of June 30, 2023 |
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|
52 |
|
|
$ |
28.63 |
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| Summary of Warrant Activity |
A summary of the share equivalent of warrant activity for the six months ended June 30, 2023 is as follows (in thousands, except exercise price amounts):
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Weighted |
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Average |
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Shares |
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|
Exercise
Price |
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Warrants outstanding as of December 31, 2022 |
|
|
21 |
|
|
$ |
656.28 |
|
Granted or Issued |
|
|
427 |
|
|
$ |
953.07 |
|
Exercised |
|
|
(186 |
) |
|
$ |
501.73 |
|
Warrants outstanding as of June 30, 2023 |
|
|
262 |
|
|
$ |
1,248.63 |
|
Warrants exercisable as of June 30, 2023 |
|
|
262 |
|
|
$ |
1,248.63 |
|
Vested warrants expired during the period
ended June 30, 2023 |
|
|
— |
|
|
$ |
— |
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|