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Convertible Preferred Stock and Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Summary of Performance Award And Market Capitalization Milestones
Tranche # 

No. of Shares

Subject to PSU

  

Market Capitalization

Milestones

 
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 year ended December 31, 2021 is as follows:

 Summary of Option and Stock Appreciation Rights Activity

   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   942,000    $6.09 - $9.87    7.10 
Exercised   (358,613)   $0.74 - $4.52    1.93 
Forfeited   (222,354)   $0.74 - $35.20    6.99 
Outstanding, December 31, 2021   2,818,012    $0.74 - $9.87   $4.10 
Summary of Option and Stock Appreciation Rights Outstanding by Range of Exercise Price

A summary of the options and stock appreciation rights outstanding by range of exercise price is as follows:

 Summary of Option and Stock Appreciation Rights Outstanding by Range of Exercise Price

   Year Ended December 31, 2021 
               Number of   Weighted 
       Weighted   Weighted   Options   Average Exercise 
   Options   Average   Average   Currently   Price Per Vested 
Range of Exercise Prices  Outstanding   Remaining Life   Exercise Price   Exercisable   Share 
$0.00 - $1.00   397,306    6.17   $0.74    371,534   $0.74 
$1.01 - $2.00   60,037    3.52   $1.76    57,312   $1.79 
$2.01- $4.00   698,237    6.99   $2.10    458,847   $2.08 
$4.01 - $10.00   1,662,432    8.63   $5.83    341,917   $4.48 
    2,818,012    7.77   $4.10    1,229,610   $2.33 
Summary of Restricted Stock Unit Activity

A summary of the restricted stock unit activity for the year ended December 31, 2021 is as follows:

 Summary of Restricted Stock Unit Activity

  

Number of Restricted

Stock Units

  

Weighted Average Grant

Date Fair Value per Unit

 
Outstanding, December 31, 2020   1,112,473   $2.46 
Granted   378,204   $7.18 
Vested   (325,954)  $3.97 
Forfeited   -    - 
Outstanding, December 31, 2021   1,164,723   $3.57 
Summary of Reserved Shares of Common Stock for Conversion

The Company has reserved shares of common stock for conversion of convertible preferred stock, exercise of warrants, and the issuance of options granted under the Company’s stock option plan and its stock purchase plan as follows:

 Summary of Reserved Shares of Common Stock for Conversion

   December 31, 2021   December 31, 2020 
Warrants   -    15,385 
Series A Convertible Preferred Stock   45,031,944    45,278,096 
Series B Convertible Preferred Stock   5,610,121    5,610,121 
Performance Share Unit Plan   13,000,000    - 
Stock award plans   4,909,848    2,054,941 
Employee Stock Purchase Plan   209,437    229,136 
Reserved shares of common stock   68,761,350    53,187,679