Share-Based Compensation Expense (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of stock option award activity

Options	Shares	Weighted  Average  Exercise  Price		Weighted  Average  Remaining  Contractual Term
Outstanding at December 31, 2020	10,975,224	$	0.57	7.6
Granted	1,232,844	6.89
Exercised	(1,032,819)	0.22
Cancelled or forfeited	(1,437,957)	0.66
Outstanding at December 31, 2021	9,737,292	1.40		7.2
Granted	43,482	1.95
Exercised	(2,664,814)	0.24
Cancelled or forfeited	(1,024,689)	4.42
Outstanding at December 31, 2022	6,091,271	$	1.39	2.7
Exercisable at December 31, 2022	5,530,330	$	1.05	2.2

Schedule of fair value of restricted stock awards

Restricted Stock Units

The Company grants restricted stock units to certain employees that will generally vest over a period of four years. The fair value of restricted stock unit awards is estimated by the fair value of the Company’s Common Stock at the date of grant. Restricted stock units activity during the years ended December 31 was as follows:

	Number of  Shares	Weighted  Average  Grant Date  Fair  Value Per  Share
Non-vested, at December 31, 2020	—	$	—
Granted	651,326	6.38
Vested	(13,524)	14.17
Cancelled or forfeited	(33,369)	8.92
Non-vested, at December 31, 2021	604,433	6.06
Granted	11,238,956	1.20
Vested	(1,062,339)	1.80
Cancelled or forfeited	(948,343)	2.70
Non-vested, at December 31, 2022	9,832,707	$	1.30

Schedule of Ladder RSUs

The fair value and derived service period of each tranche was as follows:

Stock Price Tranche	Fair Value	Derived Service Period (in years)
$ 3.23	$ 1.11	1.72
5.37	1.06	2.71
7.50	1.03	3.30
9.64	0.99	3.70
11.77	0.97	4.11
13.91	0.94	4.42
16.04	0.91	4.64
18.18	0.89	4.78
20.31	0.87	5.00
22.45	0.85	5.10