XML 31 R21.htm IDEA: XBRL DOCUMENT v3.22.2.2
STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2022
STOCK-BASED COMPENSATION  
SCHEDULE OF OPTION ACTIVITY UNDER 2021 PLAN AND 2018 PLAN

    

    

    

Weighted-

    

 

Average

 

Remaining

Aggregate

 

Weighted-Average

Contractual Term

Intrinsic Value

 

    

Options

    

Exercise Price

    

(in years)

    

(in thousands)

 

Vested and expected to vest at December 31, 2021

 

3,454,374

$

6.85

 

9.42

$

19,378

Granted

 

794,557

$

15.03

 

  

Exercised

 

(95,997)

 

1.80

 

  

 

  

Cancelled/Forfeited

 

 

 

  

 

  

Outstanding at September 30, 2022

 

4,152,934

$

8.53

 

8.86

$

34,148

Vested and exercisable at September 30, 2022

 

999,256

$

6.44

 

8.62

$

10,150

Vested and expected to vest at September 30, 2022

 

4,152,934

$

8.53

 

8.86

$

34,148

SCHEDULE OF FAIR VALUE OF STOCK OPTIONS ASSUMPTIONS

    

Three Months Ended September 30, 

Nine Months Ended September 30, 

2022

2021

  

  

2022

2021

  

 

Expected term (in years)

 

6.1

5.2 - 5.8

5.5 - 6.1

5.2 - 6.1

 

Expected volatility

 

73.6 - 73.8

%

69.4 - 69.5

%

73.6 - 76.5

%

68.7 - 69.6

%

Risk-free interest rate

 

2.7 - 4.1

%

0.9 - 1.1

%

1.6 - 4.1

%

0.9 - 1.2

%

Expected dividend

 

 

 

SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE RECOGNIZED FOR STOCK OPTION GRANTS

    

Three Months Ended September 30, 

    

Nine Months Ended September 30, 

    

2022

    

2021

    

2022

    

2021

 

General and administrative

$

899

$

711

$

2,446

$

942

Research and development

600

134

1,301

247

Total

$

1,499

$

845

$

3,747

$

1,189

SCHEDULE OF UNVESTED STOCK UNIT ACTIVITY

    

  

    

Weighted-

 

Average Grant

 

Date Fair Value

 

Units

Per Unit

 

Unvested restricted stock units as of December 31, 2021

 

 

Granted

 

22,881

$

22.16

Vested

 

 

Forfeited

 

 

Unvested restricted stock units as of September 30, 2022

 

22,881

$

22.16