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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [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 six months ended June 30, 2023:

 

Risk-free interest rate

 

 

 

 

 

 

 

 

4.0

%

Expected term (in years)

 

 

 

 

 

 

 

 

5.5

 

Expected volatility

 

 

 

 

 

 

 

 

85.2

%

Expected dividend yield

 

 

 

 

 

 

 

 

0

%

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

 

 

2,222,224

 

 

 

0.75

 

 

 

 

 

 

 

Exercised

 

 

(1,086,371

)

 

 

0.28

 

 

 

 

 

 

 

Forfeited

 

 

(717,370

)

 

 

6.32

 

 

 

 

 

 

 

Outstanding at June 30, 2023

 

 

25,477,892

 

 

$

4.65

 

 

 

6.1

 

 

$

1,690

 

Vested and expected to vest June 30, 2023

 

 

25,477,892

 

 

$

4.65

 

 

 

6.1

 

 

$

1,690

 

Exercisable at June 30, 2023

 

 

20,452,090

 

 

$

4.55

 

 

 

5.4

 

 

$

1,690

 

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

 

 

5,717,268

 

 

$

0.72

 

Vested

 

 

(645,172

)

 

$

6.71

 

Forfeited

 

 

(1,109,158

)

 

$

3.50

 

Outstanding at June 30, 2023

 

 

6,236,967

 

 

$

2.01

 

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:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Cost of revenue

 

$

132

 

 

$

131

 

 

$

296

 

 

$

168

 

Research and development

 

 

447

 

 

 

741

 

 

 

1,005

 

 

 

989

 

Selling, general and administrative

 

 

3,277

 

 

 

3,657

 

 

 

6,543

 

 

 

5,794

 

 

$

3,856

 

 

$

4,529

 

 

$

7,844

 

 

$

6,951