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Redeemable Convertible Preferred Stock Warrants and Common Stock Warrants (Tables)
12 Months Ended
Dec. 31, 2021
Class Of Stock [Line Items]  
Schedule of Fair Value of Stock Options Estimated Using Weighted-Average Assumptions The fair value of stock options was estimated using the following weighted-average assumptions:

 

 

Years Ended December 31,

 

2021

 

2020

Expected volatility

72.8% - 78.0%

 

61.6% - 75.2%

Risk-free interest rate

0.6% - 1.3%

 

0.3% - 0.7%

Dividend yield

0%

 

0%

Expected term

5 - 6 years

 

5 - 6 years

Summary of Outstanding Warrants to Purchase Shares of Common Stock

As of December 31, 2021, the Company`s outstanding warrants to purchase shares of common stock, consisted of the following:

 

Issuance Date

 

Number of Shares of Common Stock Issuable

 

Exercise Price

 

Classification

 

Expiration Date

May 9, 2017

 

33,964

 

$

11.31

 

Equity

 

May 8, 2027

July 19, 2019

 

43,878

 

$

11.31

 

Equity

 

July 18, 2029

 

 

77,842

 

 

 

 

 

 

 

Series D Redeemable Convertible Preferred Stock Warrants  
Class Of Stock [Line Items]  
Schedule of Fair Value of Stock Options Estimated Using Weighted-Average Assumptions

The redeemable convertible preferred stock warrant liability was valued using the following assumptions under the Black-Scholes option-pricing model:

 

 

 

October 22, 2021

 

December 31, 2020

Expected dividends

 

0%

 

0%

Expected volatility

 

51.4% -54.7%

 

48.2% -52.4%

Risk-free interest rate

 

1.3% -1.5%

 

0.6% -0.8%

Expected warrant life

 

5.5-7.7 years

 

6.4-8.6 years