Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Summary of assumptions used to determine the fair value of the stock options

The assumptions used to estimate the fair value of stock options granted during the periods presented were as follows:

	Three Months Ended March 31,
	2022		2021
Strike price	$	0.17	$	0.17
Expected term (in years)	5.55 - 6.05		5.55 - 6.05
Expected volatility	57.09% - 57.81%		57.09% - 57.81%
Risk-free interest rate	0.50% - 0.57%		0.50% - 0.57%
Dividend yield	—		—

Summary of stock option plan and the activity

The following table summarizes the Company’s stock option plan and the activity during the period presented:

	Shares Underlying Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)
Outstanding as of January 1, 2022	4,806,387	0.63		6.57
Granted	—	—		—
Forfeited	(20,814)	0.49		—
Exercised	(217,967)	0.49		—
Outstanding at March 31, 2022	4,567,606	$	0.63	6.35
Exercisable at March 31, 2022	4,339,216	$	0.64	6.28

Summary of restricted stock unit activity

The following table summarizes the Company’s restricted stock unit activity during the period presented:

	Restricted Stock Units	Weighted Average Grant Fair Value per Share
Outstanding as of January 1, 2022	660,448	$3.80
Granted	2,608,455	2.86
Forfeited	(798)	1.06
Exercised	—	—
Outstanding at March 31, 2022	3,268,105	2.96
Exercisable at March 31, 2022	1,125	2.86