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Stock-Based Compensation Expense (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]    
Summary of Share-Based Payment Arrangement, Option, Activity
The following table summarizes the stock option activity for the six months ended June 30, 2022:

 
  
Options outstanding
 
 
  
Number
of
shares
 
  
Weighted
average
exercise
price per
share
 
  
Weighted
average
contractual
term (in
years)
 
  
Aggregate
intrinsic
value (in
thousands)
 
Outstanding - December 31, 2021
     197,637      $ 138.20               $ 15,398  
Options granted
     —          —                      
Options exercised
     (9,892      5.96                    
Options cancelled
     (3,116      139.71                    
Options expired
     —          —                      
    
 
 
    
 
 
    
 
 
    
 
 
 
Outstanding at June 30, 2022
     184,629      $ 144.51        4.76      $ 73  
    
 
 
    
 
 
    
 
 
    
 
 
 
Vested and exercisable - June 30, 2022
     169,161      $ 134.35        4.53      $ 73  
    
 
 
    
 
 
    
 
 
    
 
 
 
Vested and expected to vest - June 30, 2022
     184,629      $ 144.51        4.76      $ 73  
    
 
 
    
 
 
    
 
 
    
 
 
 

A summary of option activity under the Plan is as follows:
 
 
  
Options outstanding
 
 
  
Number
of

shares
 
 
Weighted

average exercise

price per share
 
  
Weighted

average

contractual

term (in years)
 
  
Aggregate intrinsic
value (in
thousands)
 
Outstanding - December 31, 2019
     221,756     $ 205.16        6.99      $ 55,114  
Options granted
     96,166       255.00                    
Options exercised
     (1,549     22.11                    
Options cancelled
     (101,393     389.18                    
Options expired
     (1,831     214.07                    
    
 
 
   
 
 
    
 
 
    
 
 
 
Outstanding at December 31, 2020
     213,149       141.25        6.44        6,237  
    
 
 
   
 
 
    
 
 
    
 
 
 
Options granted
     —         —                      
Options exercised
     (3,878 )     19.07                    
Options cancelled
     (7,727     221.55                    
Options expired
     (3,907     255.00                    
    
 
 
   
 
 
    
 
 
    
 
 
 
Outstanding at December 31, 2021
     197,637       138.20        5.13        13,165  
    
 
 
   
 
 
    
 
 
    
 
 
 
Vested and exercisable - December 31, 2021
     173,836     $ 122.17        4.78      $ 13,165  
    
 
 
   
 
 
    
 
 
    
 
 
 
Vested and expected to vest - December 31, 2021
     197,637     $ 138.20        5.13      $ 13,165  
    
 
 
   
 
 
    
 
 
    
 
 
 
Summary of Fair Value of Stock-Based Compensation  
The following assumptions were used to calculate the fair value of stock-based compensation:
 
    
Years ended December 31,
    
2021
  
2020
Expected term
   0.5 – 6.5 years    0.5 – 6.5 years
Expected volatility
   40.4% – 63.6%    40.4% – 63.6%
Risk-free interest rate
   0.1% – 3.1%    0.1% – 1.5%
Expected dividends
   0.0%    0.0%
Summary of Share-Based Payment Arrangement, Restricted Stock And Restricted Stock Unit, Activity
The following table summarizes the restricted stock unit activity for the six months ended June 30, 2022:
 
 
  
Restricted Stock Units (“RSUs”)
 
 
  
Number of shares
 
  
Weighted average
grant date fair value
 
Outstanding as of December 31, 2021
     565,005      $ 137.94  
Granted
     278,853        29.95  
Vested
     (393,737      129.48  
Forfeited or cancelled
     (13,554      136.19  
    
 
 
    
 
 
 
Outstanding as of June 30, 2022
     436,567      $ 76.29  
    
 
 
    
 
 
 
The following tables summarize the restricted stock activity under the Plan:
    
Restricted Stock Units (“RSUs”)
 
    
Number of shares
    
Weighted average
grant date fair value
 
Outstanding as of December 31, 2019
     —        $ —    
Granted
     302,904        83.97  
Vested
     —          —    
Forfeited or cancelled
     (7,842      83.97  
    
 
 
    
 
 
 
Outstanding as of December 31, 2020
     295,062        83.97  
Granted
     283,695        145.67  
Vested
     —          —    
Forfeited or cancelled
     (13,752      132.48  
    
 
 
    
 
 
 
Outstanding as of
December
 31, 2021
     565,005      $ 137.94  
    
 
 
    
 
 
 
 
  
Restricted Stock Awards (“RSAs”)
 
 
  
Number of shares
 
  
Weighted average
grant date fair value
 
Outstanding as of December 31, 2020
     —       
$
—    
Granted
     58,199        130.21  
Vested
     (58,199      130.21  
Forfeited or cancelled
     —          —    
    
 
 
    
 
 
 
Outstanding as of December 31, 2021
    
  
    
$
  
 
    
 
 
    
 
 
 
Summary of Share-Based Payment Arrangement, Expensed And Capitalized, Amount
The following table summarizes stock-based compensation expense and its allocation within the accompanying condensed consolidated statements of operations for the three and six months ended June 2022 and 2021, respectively (in thousands):
 
    
Three Months Ended
June 30,
    
Six Months Ended
June 30,
 
    
2022
    
2021
    
2022
    
2021
 
Cost of goods sold
   $ 154      $ 21      $ 837      $ 41  
Research and development
     1,464        455        9,141        896  
Sales and marketing
     1,244        230        5,842        442  
General and administrative
     2,389        5,019        40,992        5,927  
    
 
 
    
 
 
    
 
 
    
 
 
 
Total stock-based compensation expense
   $ 5,251      $ 5,725      $ 56,812      $ 7,306  
    
 
 
    
 
 
    
 
 
    
 
 
 
The following table summarizes stock-based compensation expense and its allocation within the accompanying consolidated statements of operations (in thousands):
 
    
For the Years Ended
December 31,
 
    
2021
    
2020
 
Cost of goods sold
   $ 193      $ 100  
Research and development
     1,717        2,225  
Sales and marketing
     858        1,294  
General and administrative
     9,204        1,824  
    
 
 
    
 
 
 
Total stock-based compensation expense
   $ 11,972      $ 5,443