Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Weighted Average Assumptions Used to Estimate the Fair Value of Options Granted
The following table presents the weighted-average assumptions used to estimate the fair value of options granted during the periods indicated:
Six Months Ended
June 30, 2020
Six Months Ended
June 30, 2019
Weighted average grant date fair value$0.88  $1.00  
Expected dividend yield— %— %
Expected stock price volatility63 %66 %
Risk-free interest rate2.0 %2.3 %
Expected life of options (in years)5.786.09
Schedule of Total Stock Based Compensation Expense
Total stock-based compensation expense included in the accompanying condensed consolidated statements of operations for the periods presented, is as follows (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2020201920202019
Technology and development$56  $92  $113  $195  
Sales and marketing103  111  204  226  
General and administrative224  121  443  234  
Total stock-based compensation expense$383  $324  $760  $655  
Summary of Stock Option Activity
Stock Option Activity – A summary of the stock option activity for the six months ended June 30, 2020 is presented below:
Number of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term (years)
Aggregate
Intrinsic
Value (in
thousands)
Outstanding at January 1, 2020
7,296,746  $2.48  
Granted80,100  1.51  
Exercised—  —  
Forfeited(56,609) 2.14  
Expired(521,317) 2.60  
Outstanding at June 30, 20206,798,920  $2.46  5.18$—  
Vested and expected to vest at June 30, 20206,774,447  $2.46  5.16$—  
Vested and exercisable at June 30, 20205,871,832  $2.52  4.73$—  
Summary of RSU Activity
RSU Activity —A summary of RSU activity for the six months ended June 30, 2020 is as follows:
Number of SharesWeighted Average
Fair Value
Unvested—January 1, 2020
677,354  $1.54  
Granted154,967  1.25  
Vested(278,379) 1.39  
Forfeited(1,918) 1.76  
Unvested—June 30, 2020
552,024  $1.54  
Summary of PSU Activity
PSU Activity  — A summary of PSU activity for the six months ended June 30, 2020 is as follows:
Number of SharesWeighted Average
Fair Value
Unvested—January 1, 2020
297,789  $1.36  
Granted—  —  
Vested—  —  
Forfeited(74,442) —  
Unvested—June 30, 2020
223,347  $1.36