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Stock option plans (Tables)
12 Months Ended
Dec. 31, 2021
Stock option plan  
Schedule of assumptions used in valuation of stock options

Year ended December 31,

    

2021

    

2020

    

2019

Expected volatility

 

88.1% ‑90.2% 

 

78.9% ‑83.8% 

73.5% ‑74.5% 

Risk‑free rate

 

0.96% ‑1.04% 

0.36% ‑1.43% 

1.53% ‑2.63% 

Expected dividend yield

 

0%

  

0%

0%

Expected term in years

 

5.50-6.08

 

5.50-6.08

 

6.08-7.59

Summary of stock option activity

    

    

    

Weighted

    

Weighted

    

    

average

average

exercise

remaining

Aggregate

Number of

price per

contractual

intrinsic

options

share

term (in years)

value

Outstanding at January 1, 2019

 

 

1,844,188

$

0.82

 

7.6

Granted

 

 

2,018,796

 

8.82

 

  

 

  

Exercised

 

 

(322,267)

 

0.23

 

  

 

  

Cancelled/Forfeited

 

 

(40,783)

 

0.99

 

  

 

  

Outstanding at December 31, 2019

 

 

3,499,934

$

5.49

 

7.5

Granted

 

 

446,800

 

35.51

 

  

 

  

Exercised

 

 

(164,075)

 

0.92

 

  

 

  

Cancelled/Forfeited

 

 

(11,200)

 

38.78

 

  

 

  

Outstanding at December 31, 2020

 

 

3,771,459

$

9.10

 

6.8

Granted

 

 

1,179,650

 

5.87

 

  

 

  

Exercised

 

 

(226,394)

 

0.92

 

  

 

  

Cancelled/Forfeited

 

 

(138,100)

 

16.53

 

  

 

  

Outstanding at December 31, 2021

4,586,615

$

8.45

 

6.6

$

2,101,398

Exercisable at December 31, 2021

2,518,554

$

6.89

 

5.5

$

2,093,937

Vested or expected to vest at December 31, 2021

4,586,615

$

8.45

 

6.6

$

2,101,398

Summary of restricted stock units activity

    

    

Weighted

average

grant date

Shares

fair value

Restricted stock units outstanding at December 31, 2020

$

Granted

523,050

5.91

Vested

(107,331)

5.94

Cancelled/Forfeited

(16,000)

6.00

Outstanding at December 31, 2021

 

399,719

$

5.91