Quarterly report pursuant to Section 13 or 15(d)

Convertible Redeemable Preferred Stock And Stockholders Equity (Deficit) (Tables)

v3.24.3
Convertible Redeemable Preferred Stock And Stockholders Equity (Deficit) (Tables)
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
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):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Cost of revenue

 

$

 

 

$

7

 

 

$

 

 

$

30

 

Sales and marketing

 

 

37

 

 

 

46

 

 

 

107

 

 

 

347

 

General and administrative

 

 

14

 

 

 

198

 

 

 

11

 

 

 

603

 

Engineering and development

 

 

 

 

 

25

 

 

 

 

 

 

70

 

Total

 

$

51

 

 

$

276

 

 

$

118

 

 

$

1,050

 

Summary of Unvested Restricted Stock Units

A summary of unvested RSU activity for the nine months ended September 30, 2024 is as follows (in thousands, except per share amounts):

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average Grant

 

 

 

Shares

 

 

Date Fair Value

 

Unvested RSUs as of December 31, 2023

 

 

44

 

 

$

18.50

 

Vested

 

 

(27

)

 

$

25.23

 

Forfeited or cancelled

 

 

(6

)

 

$

19.51

 

Unvested RSUs as of September 30, 2024

 

 

11

 

 

$

21.31

 

Summary of Warrant Activity

A summary of the share equivalent of warrant activity for the nine months ended September 30, 2024 is as follows (in thousands, except exercise price amounts):

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

Shares

 

 

Exercise
Price

 

Warrants outstanding as of December 31, 2023

 

 

4,323

 

 

$

11.88

 

Granted or issued

 

 

42,427

 

 

$

0.57

 

Exercised or exchanged

 

 

(22,997

)

 

$

0.34

 

Forfeited, cancelled, or expired

 

 

(798

)

 

$

30.00

 

Warrants outstanding as of September 30, 2024

 

 

22,955

 

 

$

1.42

 

Warrants exercisable as of September 30, 2024

 

 

22,955

 

 

$

1.42

 

Vested warrants expired during the period
 ended September 30, 2024

 

 

(798

)

 

$

30.00

 

Summary our stock warrants measured at fair value on a recurring basis

The following tables summarize the Company's stock warrants measured at fair value (level 3) on a recurring basis:

 

 

 

December 31,

 

 

 

 

 

 

 

 

Expiration /

 

 

Fair Value

 

 

September 30,

 

 

 

2023

 

 

Additions

 

 

Exercises

 

 

Exchange

 

 

Adjustment

 

 

2024

 

Series H Warrants

 

$

620

 

 

$

 

 

$

 

 

$

 

 

$

127

 

 

$

747

 

Series J Warrants

 

 

743

 

 

 

 

 

 

(95

)

 

 

(632

)

 

 

(16

)

 

 

 

Class A Warrants

 

 

 

 

 

2,280

 

 

 

(1,960

)

 

 

 

 

 

(177

)

 

 

143

 

Class B Warrants

 

 

 

 

 

1,379

 

 

 

 

 

 

 

 

 

(899

)

 

 

480

 

Investor Warrants

 

 

 

 

 

192

 

 

 

 

 

 

 

 

 

(125

)

 

 

67

 

Total Level 3

 

$

1,363

 

 

$

3,851

 

 

$

(2,055

)

 

$

(632

)

 

$

(1,090

)

 

$

1,437