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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Weighted Average Grant Fair Value of Stock Options using Black-Scholes Option-pricing Model

The following table presents, on a weighted average basis, the assumptions used in the Black-Scholes option-pricing model to determine the grant-date fair value of stock options granted during the three months ended March 31, 2023 and 2022:

 

Three Months Ended

 

 

March 31, 2023

 

March 31, 2022

 

Risk-free interest rate

 

N/A

 

 

1.8

%

Expected term (in years)

 

N/A

 

 

6.0

 

Expected volatility

 

N/A

 

 

76.5

%

Expected dividend yield

 

N/A

 

 

%

Schedule of Stock Option Activity

The following table summarizes option activity with service conditions under the 2021 Plan and the 2017 Plan:

 

Options

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Contract Term
(years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding at January 1, 2023

 

 

25,059,409

 

 

$

4.90

 

 

 

6.1

 

 

$

7,851

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(1,071,000

)

 

 

0.28

 

 

 

 

 

 

 

Forfeited

 

 

(294,400

)

 

 

8.58

 

 

 

 

 

 

 

Outstanding at March 31, 2023

 

 

23,694,009

 

 

$

5.06

 

 

 

5.8

 

 

$

2,277

 

Vested and expected to vest March 31, 2023

 

 

23,694,009

 

 

$

5.06

 

 

 

5.8

 

 

$

2,277

 

Exercisable at March 31, 2023

 

 

19,589,188

 

 

$

4.43

 

 

 

5.3

 

 

$

2,277

 

 

Schedule of Activity Related to RSU Stock-Based Payment Awards

The following table summarizes activity related to RSU stock-based payment awards:

 

 

Number of Shares

 

 

Weighted
Average
Grant Date Fair Value

 

Outstanding at January 1, 2023

 

 

2,274,029

 

 

$

7.34

 

Granted

 

 

4,094,900

 

 

$

0.70

 

Vested

 

 

(253,390

)

 

$

8.38

 

Forfeited

 

 

(300,559

)

 

$

6.83

 

Outstanding at March 31, 2023

 

 

5,814,980

 

 

$

2.64

 

Schedule of Stock-based Compensation Expense

The Company recorded stock-based compensation expense in the following expense categories of its condensed consolidated statements of operations:

 

For the Three Months
Ended March 31,

 

2023

 

 

2022

 

Cost of revenues

$

164

 

 

$

37

 

Research and development

 

558

 

 

 

248

 

Selling, general and administrative

 

3,266

 

 

 

2,137

 

$

3,988

 

 

$

2,422