Redeemable Preferred Stock and Stockholders' Equity (Tables)
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9 Months Ended |
Sep. 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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Nine Months Ended |
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September 30, |
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September 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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$ |
7 |
|
|
$ |
20 |
|
|
$ |
30 |
|
|
$ |
133 |
|
Sales and marketing |
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|
46 |
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|
|
136 |
|
|
|
347 |
|
|
|
448 |
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General and administrative |
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|
198 |
|
|
|
403 |
|
|
|
603 |
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|
|
927 |
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Engineering and development |
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|
25 |
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|
|
32 |
|
|
|
70 |
|
|
|
183 |
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Total |
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$ |
276 |
|
|
$ |
591 |
|
|
$ |
1,050 |
|
|
$ |
1,691 |
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|
| Summary of Option Activity |
A summary of option activity for the nine months ended September 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 |
|
|
1 |
|
|
$ |
7,254.45 |
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|
|
5.8 |
|
|
$ |
— |
|
Forfeited, cancelled, or expired (2) |
|
|
— |
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|
$ |
12,184.46 |
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|
|
— |
|
|
$ |
— |
|
Options outstanding as of September 30, 2023 |
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|
1 |
|
|
$ |
6,445.54 |
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|
|
5.3 |
|
|
$ |
— |
|
Options exercisable as of September 30, 2023 |
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|
1 |
|
|
$ |
6,445.54 |
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5.3 |
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|
$ |
— |
|
Vested options expired during the period ended September 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 nine months ended September 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 |
|
|
— |
|
|
$ |
1,229.99 |
|
Vested |
|
|
— |
|
|
$ |
1,229.99 |
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Unvested options as of September 30, 2023 |
|
|
— |
|
|
$ |
- |
|
(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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|
Nine Months Ended |
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|
|
September 30, |
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|
September 30, |
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|
|
2023 |
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|
2022 |
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|
2023 |
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|
2022 |
|
Total fair value of stock options vested during the period |
|
$ |
— |
|
|
$ |
12 |
|
|
$ |
1 |
|
|
$ |
35 |
|
Stock Option Activity
There were no option grants or exercises during the three and nine months ended September 30, 2023 and 2022.
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| Summary of Unvested Restricted Stock Units |
A summary of unvested RSU activity for the nine months ended September 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 |
|
|
4 |
|
|
$ |
525.72 |
|
Granted |
|
|
56 |
|
|
$ |
11.46 |
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Vested |
|
|
(8 |
) |
|
$ |
192.09 |
|
Forfeited or cancelled |
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|
(2 |
) |
|
$ |
116.41 |
|
Unvested RSUs as of September 30, 2023 |
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|
50 |
|
|
$ |
19.80 |
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| Summary of Warrant Activity |
A summary of the share equivalent of warrant activity for the nine months ended September 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 |
|
|
$ |
656.23 |
|
Granted or Issued |
|
|
1,577 |
|
|
$ |
24.53 |
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Exercised |
|
|
(277 |
) |
|
$ |
13.67 |
|
Warrants outstanding as of September 30, 2023 |
|
|
1,321 |
|
|
$ |
36.82 |
|
Warrants exercisable as of September 30, 2023 |
|
|
1,321 |
|
|
$ |
36.82 |
|
Vested warrants expired during the period
ended September 30, 2023 |
|
|
— |
|
|
$ |
— |
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|