Quarterly report pursuant to Section 13 or 15(d)


3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  



Historically, stock options have been granted with an exercise price equal to the market value of the common stock on the date of grant, with expiration 10 years from the date they are granted, and generally vest over a one to three-year period for employees and members of the Board. Upon exercise, new shares will be issued by the Company. The restricted shares and restricted stock units (“RSUs”) granted to Board members and employees generally have a three-year graded vesting period and are subject to accelerated vesting and forfeiture under certain circumstances.


There were no stock option awards issued in the three months ended March 31, 2024 and March 31, 2023.


The Company recognized approximately $0.1 million and $0.2 million of stock-based compensation expense within continuing operations during the three-month periods ended March 31, 2024 and 2023, respectively. The following table has a breakout of stock-based compensation expense from continuing operations by line item.


    2024     2023  
    Three Months Ended  
    March 31,  
    2024     2023  
Cost of revenue   $ 3     $ 14  
Sales and marketing     30       30  
General and administrative     46       148  
Total stock compensation expense   $ 79     $ 192