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Convertible Preferred Stock and Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2022
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, 2022 is as follows:

 

   Number of Options/SARs   Range of Exercise Price   Weighted Average Exercise Price per Share 
Outstanding, December 31, 2021   2,818,012    $0.74 - $9.87   $4.10 
Granted   843,500    $2.09 - $5.21   $4.49 
Exercised   (131,375)   $0.74 - $4.52   $1.48 
Forfeited   (322,072)   $0.74 - $7.70   $5.09 
Outstanding, December 31, 2022   3,208,065    $0.74 - $9.87   $4.21 
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:

 

   Year Ended December 31, 2022 
               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   345,364    5.16   $0.74    345,364   $0.74 
$1.01 - $2.00   84,995    9.35   $1.59    7,995   $1.19 
$2.01 - $4.00   631,339    5.99   $2.08    578,202   $2.07 
$4.01 - $10.00   2,146,367    8.10   $5.50    817,736   $5.52 
    3,208,065    7.40   $4.21    1,749,297   $3.42 
Summary of Restricted Stock Unit Activity

A summary of the restricted stock unit activity for the year ended December 31, 2022 is as follows:

 

   Number of Restricted Stock Units   Weighted Average Grant Date Fair Value per Unit 
Outstanding, December 31, 2021   1,164,723   $3.57 
Granted   154,742   $7.68 
Vested   (110,726)  $2.27 
Outstanding, December 31, 2022   1,208,739   $4.21 
Summary of Reserved Shares of Common Stock for Conversion

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

 

   December 31, 2022   December 31, 2021 
Series A Convertible Preferred Stock   45,023,612    45,031,944 
Series B Convertible Preferred Stock   5,610,121    5,610,121 
Performance Share Unit Plan   13,000,000    13,000,000 
Stock award plans   3,930,952    4,909,848 
Employee Stock Purchase Plan   164,654    209,437 
Reserved shares of common stock   67,729,339    68,761,350