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Stock-Based Compensation Expense (Tables)
3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense

Stock-based Compensation Expenses

The following tables present the Company's stock-based compensation for equity-settled awards by type and financial statement lines included in the accompanying unaudited condensed consolidated statement of operations and comprehensive loss for the three months ended March 31:

 

 

Three Months Ended March 31,

 

 

 

 

2022

 

 

2021

 

 

 

 

(in thousands)

 

 

Options

 

$

883

 

 

$

494

 

 

RSUs

 

511

 

 

 

-

 

 

Total stock-based compensation expense

 

$

1,394

 

 

$

494

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

 

2022

 

 

2021

 

 

 

 

(in thousands)

 

 

Cost of sales

 

$

101

 

 

$

61

 

 

Selling, general and administrative

 

 

978

 

 

 

292

 

 

Research and development

 

 

315

 

 

 

141

 

 

Total stock-based compensation expense

 

$

1,394

 

 

$

494

 

 

Schedule of Unamortized Compensation Cost and Weighted Average Service Period of Unvested Outstanding Awards The following table presents the unamortized compensation cost and weighted average service period of all unvested outstanding awards as of March 31, 2022.

 

 

Unamortized Compensation Costs

 

 

Weighted Average Service Period

 

 

(in thousands)

 

 

(years)

Options

 

$

8,674

 

 

2.3

RSUs

 

 

13,394

 

 

1.2

Total unamortized compensation cost

 

$

22,068

 

 

 

Summary of Stock Option Activity under Incentive Plans

The following table summarizes stock option activity under the Company's incentive plans:

 

 

Number
of Shares

 

 

Weighted
Average
Exercise Price Per
Share

 

 

Weighted- Average Remaining Contractual Life

 

Aggregate Intrinsic Value

 

 

 

 

 

 

 

 

 

(in years)

 

(in thousands)

 

Options outstanding, December 31, 2021

 

 

3,119,993

 

 

$

7.59

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(33,599

)

 

$

7.92

 

 

 

 

 

 

Exercised

 

 

(61,438

)

 

$

3.94

 

 

 

 

$

123

 

Options outstanding, March 31, 2022

 

 

3,024,956

 

 

$

7.66

 

 

7.4

 

$

427

 

Options vested and exercisable, March 31, 2022

 

 

1,527,230

 

 

$

4.96

 

 

5.8

 

$

427

 

Vested and expected to vest after March 31, 2022

 

 

2,840,872

 

 

$

7.48

 

 

7.3

 

$

427

 

Summary of Non Vested Stock Options

The following table summarizes the non-vested stock options as of March 31, 2022 and December 31, 2021:

 

 

Number of Shares

 

 

Weighted
Average
Grant Date Fair Value

 

Non-vested Options, December 31, 2021

 

 

1,632,852

 

 

$

7.09

 

Non-vested Options, March 31, 2022

 

 

1,497,827

 

 

$

7.19

 

 

Summary of RSU Activity under Incentive Plans

The following table summarizes RSU activity under the Company's incentive plans:

 

 

 

Number
of Shares

 

 

Weighted
Average
Grant Date Fair Value

 

RSUs outstanding, December 31, 2021

 

 

338,149

 

 

$

9.37

 

Granted

 

 

2,370,259

 

 

$

5.37

 

Forfeited

 

 

(5,646

)

 

$

7.78

 

RSUs outstanding, March 31, 2022

 

 

2,702,762

 

 

$

5.86