Share-Based Payment Arrangement [Text Block] | 6. Equity and Stock-Based Compensation Private Placement Securities Purchase Agreement On April 30, 2023, May 9, 2023, 2022 8 Rights Offering On June 9, 2022, “2022 one one “2022 one 2022 2022 2022 May 2023, June 16, 2023, 2022 Common Stock Warrants 2022 At-the-Market Equity Offering On February 4, 2021, may 415 1933, no not six June 30, 2023 2022, Common Stock Warrants In connection with the 2022 2022 2022 not may not three May 10, 2023, May 9, 2023 June 16, 2023. June 30, 2023, 2022 Equity Plans 2017 2017 The Board of Directors of the Company (the “Board”) previously adopted, and the Company’s stockholders approved, the Company’s 2017 “2017 The 2017 may 2017 2015 “2015 not 2017 2017 January 1, 2023, 2017 2017 2017 December 31 June 30, 2023 2017 In November 2017, 2017 The Inducement Plan has a 10-year term and provides for the grant of equity-based awards, including nonstatutory stock options, restricted stock units, restricted stock, stock appreciation rights, performance shares and performance units, and its terms are substantially similar to the 2017 may ten first not May 2021, June 30, 2023 A summary of stock option activity under the 2015 2017 six June 30, 2023 Stock Options Outstanding Number of shares Weighted average exercise price Weighted average remaining life (in years) Balances — December 31, 2022 5,250,696 $ 12.67 6.24 Options granted 2,242,386 5.12 Options exercised (12,900 ) 4.55 Options canceled (165,394 ) 6.59 Options expired (426,773 ) 13.01 Balances — June 30, 2023 6,888,015 $ 10.35 7.40 Exercisable — June 30, 2023 3,589,647 $ 14.23 5.58 Time-based Options The Company awards time-based options which vest and become exercisable, subject to the individual’s continued employment or service through the applicable vesting date. Time-based options can have various vesting schedules, most commonly new hire grants which generally vest 25% per year starting upon the first A summary of the time-based stock option activity under the 2015 2017 six June 30, 2023 Stock Options Outstanding Number of shares Weighted average exercise price Weighted average remaining life (in years) Balances — December 31, 2022 4,730,394 $ 12.95 6.16 Options granted 442,386 5.93 Options exercised (12,900 ) 4.55 Options canceled (127,894 ) 7.92 Options expired (348,601 ) 13.05 Balances — June 30, 2023 4,683,385 $ 12.44 6.48 Exercisable — June 30, 2023 3,372,083 $ 14.47 5.52 The fair value of the time-based options granted during the six June 30, 2023 Performance-based Options Certain stock options awarded by the Company contain performance conditions related to certain financial measures and achievements of strategic/operational milestones. The options will vest and become exercisable once the specific performance condition is fulfilled. A summary of the performance-based option activity under the 2017 six June 30, 2023 Stock Options Outstanding Number of shares Weighted average exercise price Weighted average remaining life (in years) Balances — December 31, 2022 520,302 $ 10.08 7.02 Options granted 800,000 3.03 Options exercised — — Options canceled (37,500 ) 2.05 Options expired (78,172 ) 12.84 Balances — June 30, 2023 1,204,630 $ 5.47 8.93 Exercisable — June 30, 2023 217,564 $ 10.55 6.47 The fair value of the performance-based options granted during the six June 30, 2023 Market-based Options Certain stock options awarded by the Company contain market conditions related to achievement of certain market capitalization targets. The options will vest and become exercisable once the specific market capitalization targets are fulfilled. A summary of the market-based option activity under the 2017 six June 30, 2023 Stock Options Outstanding Number of shares Weighted average exercise price Weighted average remaining life (in years) Balances — December 31, 2022 — $ — — Options granted 1,000,000 6.44 Options exercised — — Options canceled — — Options expired — — Balances — June 30, 2023 1,000,000 $ 6.44 9.83 Exercisable — June 30, 2023 — — — The fair value of the market-based options granted during the six June 30, 2023 The Company estimates the fair value of time-based and performance-based stock options on the grant date using the Black-Scholes option pricing model. The estimated fair value of these employee stock options is amortized on a straight-line basis over the requisite service period of the awards. The Company reviews, and when deemed appropriate, updates the assumptions used on a periodic basis. The fair value of time-based and performance-based stock options was estimated using the following weighted-average assumptions: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Expected term in years 5.0 - 6.3 5.3 - 6.3 5.0 - 6.3 5.3 - 6.8 Expected volatility 89% - 94% 88% 89% - 94% 83% - 88% Risk-free interest rate 3.8% 3.0% 3.8% 1.9% - 3.0% Dividend yield — — — — The Company estimates the fair value of market-based stock options on the grant date using a Monte Carlo simulation model. The estimated fair value of these employee stock options is amortized over the requisite service period for each tranche of the awards. The requisite service period is the service period derived from the Monte Carlo simulation model. If the market capitalization targets are met sooner than the derived service period, the Company will accelerate the recognition of stock-based compensation expense to reflect the cumulative expense associated with the vested shares. The fair value of market-based stock options was estimated using the following weighted-average assumptions: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Expected term in years 4.4 - 5.9 — 4.4 - 5.9 — Expected volatility 90% — 90% — Risk-free interest rate 3.4% — 3.4% — Dividend yield — — — — 2017 The Board previously adopted, and the Company's stockholders approved, the Company’s 2017 “2017 The 2017 2017 2017 December 31 2022 2023 no 2017 three June 30, 2023, not 2017 six June 30, 2023, 2017 June 30, 2023 2017 The Company estimates the fair value of ESPP grants on their grant date using the Black-Scholes option pricing model. The estimated fair value of ESPP grants is amortized on a straight-line basis over the requisite service period of the grants. The Company reviews, and when deemed appropriate, updates the assumptions used on a periodic basis. The Company utilizes its estimated volatility in the Black-Scholes option pricing model to determine the fair value of ESPP grants. The fair value of ESPP grants was estimated using the following weighted-average assumptions: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Expected term in years 0.5 - 1.0 0.5 - 1.0 0.5 - 1.0 0.5 - 1.0 Expected volatility 83% 83% 83% 83% Risk-free interest rate 5.1% - 5.2% 0.6% - 0.9% 5.1% - 5.2% 0.6% - 0.9% Dividend yield — — — — Stock-based Compensation Total stock-based compensation expense consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Cost of revenues $ — $ 90 $ — $ 180 Research and development 518 496 776 953 Sales and marketing — 362 — 816 General and administrative 625 765 1,263 1,771 Total stock-based compensation expense $ 1,143 $ 1,713 $ 2,039 $ 3,720 As of June 30, 2023 not Total stock-based compensation expense by type was as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Time-based options $ 876 $ 1,445 $ 1,554 $ 3,252 Performance-based and market-based options 245 132 362 215 ESPP 22 136 123 253 Total stock-based compensation expense $ 1,143 $ 1,713 $ 2,039 $ 3,720 |