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Convertible Preferred Stock and Stockholders’ Equity (Tables)
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Summary of Performance Award And Market Capitalization Milestones

 

Tranche # 

No. of Shares

Subject to PSU

   Market Capitalization
Milestones(1)
 
1   1,000,000   $1,000,000,000 
2   1,500,000   $1,500,000,000 
3   1,500,000   $2,000,000,000 
4   2,000,000   $2,500,000,000 
5   1,000,000   $3,000,000,000 
6   1,000,000   $3,500,000,000 
7   1,000,000   $4,000,000,000 
8   2,000,000   $4,500,000,000 
9   1,000,000   $5,000,000,000 
10   1,000,000   $5,500,000,000 
Total:   13,000,000      
Summary of Option and Stock Appreciation Rights Activity

A summary of the option and stock appreciation rights activity for the six-month period ended June 30, 2021 is as follows:

 

   Number of Options/SARs   Range of Exercise Price  Weighted Average Exercise Price per Share 
Outstanding, December 31, 2020   2,456,979   $0.74 - $35.20  $2.90 
Granted   829,000   $6.96 - $7.91  $6.97 
Exercised   (270,458)  $0.74 - $4.52  $1.97 
Forfeited   (170,480)  $0.74 - $35.20  $6.88 
Outstanding, June 30, 2021   2,845,041   $0.74 - $7.91  $3.93 
Summary of Restricted Stock Unit Activity

A summary of the restricted stock unit activity for the six-month period ended June 30, 2021 is as follows:

 

   Number of Restricted Stock Units   Weighted Average Grant Date Fair Value per Unit 
Outstanding, December 31, 2020   1,112,473   $2.46 
Granted   205,000   $5.16 
Vested   (272,500)  $2.88 
Forfeited   -    - 
Outstanding, June 30, 2021   1,044,973   $2.88