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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Schedule Of Stock Based Compensation Expense [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, 2022:

 

Risk-free interest rate

 

 

 

 

 

 

 

 

1.8

%

Expected term (in years)

 

 

 

 

 

 

 

 

6.0

 

Expected volatility

 

 

 

 

 

 

 

 

76.5

%

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 life

 

 

Aggregate

Intrinsic

Value

 

Balance at January 1, 2022

 

 

24,064,586

 

 

$

4.23

 

 

 

7.4

 

 

$

56,525

 

Granted

 

 

120,727

 

 

$

5.08

 

 

 

 

 

 

 

 

 

Exercised

 

 

(10,255

)

 

$

3.74

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(175,852

)

 

$

6.89

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2022

 

 

23,999,206

 

 

$

4.22

 

 

8.59

 

 

$

117,847

 

Vested and expected to vest March 31, 2022

 

 

23,999,206

 

 

$

4.22

 

 

8.59

 

 

$

117,847

 

Exercisable at March 31, 2022

 

 

20,203,497

 

 

$

3.55

 

 

8.55

 

 

$

111,059

 

Schedule of Activity Related to RSU Stock-Based Payment Awards

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

 

 

 

 

 

 

Number Shares

 

 

Weighted

average

grant date fair value

 

Outstanding at December 31, 2021

 

 

 

 

 

 

474,700

 

 

$

7.20

 

Granted

 

 

 

 

 

 

54,466

 

 

$

4.59

 

Forfeited

 

 

 

 

 

 

(11,550

)

 

$

7.20

 

Outstanding at March 31, 2022

 

 

 

 

 

 

517,616

 

 

$

6.93

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 March 31,

 

 

 

 

 

 

 

2022

 

 

2021

 

Cost of revenue

 

 

 

 

 

$

37

 

 

$

16

 

Research and development

 

 

 

 

 

 

248

 

 

 

347

 

Selling, general and administrative

 

 

 

 

 

 

2,137

 

 

 

646

 

 

 

 

 

 

 

$

2,422

 

 

$

1,009