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Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Stock-based Compensation [Abstract]  
Assumptions Used to Value Option Grants The assumptions used to value option grants to employees and nonemployees for the years ended December 31, 2023, 2022 and 2021 were as follows:

2023
2022
 
2021
Expected term (in years)
  5.0 6.2   5.5 6.4   5.5 6.3
Risk-free interest rate
3.4% – 4.4%
1.7% – 4.2%
 
0.9% – 1.4%
Expected volatility
  62% - 64%   58% - 64%   54% - 70%
Expected dividend yield
-
-
 
-
Weighted average fair value/share at grant date
$
1.01
$
1.51
$
5.25
Stock Option Activity
A summary of the stock option activity is presented in the table below:

   
Number
of Options
   
Weighted Average
Exercise Price
(per share)
   
Weighted Average
Remaining
Contractual Life
(in years)
   
Aggregate
Intrinsic Value
(in thousands)
 
Outstanding at December 31, 2020
    7,369,541     $ 2.37       6.77     $
4,094  
Granted
    3,514,510    
8.89                  
Exercised
    (2,661,252 )  
2.11                  
Forfeited
    (495,827 )  
6.84                  
Outstanding at December 31, 2021
    7,726,972     $ 5.14       7.58     $
24,511  
Granted
    14,271,330    
3.04                  
Exercised
    (1,123,249 )  
2.45                  
Forfeited
    (1,447,298 )  
5.43                  
Outstanding at December 31, 2022
   
19,427,755
   
$
3.69
     
8.68
   
$
378
 
Granted
   
10,138,730
   

1.79
                 
Exercised
   
(140,559
)
 

2.55
                 
Forfeited
   
(6,914,026
)
 

3.86
                 
Outstanding at December 31, 2023
   
22,511,900
   
$
2.79
     
8.22
   
$
3,194
 
Exercisable at December 31, 2023
   
6,799,386
   
$
3.73
     
6.45
   
$
406
 
Vested and expected to vest at December 31, 2023
   
18,629,173
   
$
2.87
     
8.06
   
$
2,505
 
RSU Activity
The number of shares and weighted average grant date fair values of restricted non-vested common stock at the beginning and end of 2023, 2022 and 2021, as well as restricted stock units granted, vested, and forfeited during the year were as follows:

   
Number of Shares
Underlying RSUs
   
Weighted Average
Grant-Date Fair
Value (per share)
 
Nonvested RSUs at December 31, 2020
    -     $ -  
Granted
    4,861,315    
8.03  
Vested
    (274,343 )  
8.53  
Forfeited
    -    
-  
Nonvested RSUs at December 31, 2021
    4,586,972     $ 8.00  
Granted
    66,666    
3.00  
Vested
    (798,575 )  
8.24  
Forfeited
    (1,836,614 )  
7.26  
Nonvested RSUs at December 31, 2022
   
2,018,449
   
$
8.41
 
Granted
   
786,938
   

1.67
 
Vested
   
(1,685,101
)
 

8.55
 
Forfeited
   
(273,117
)
 

5.89
 
Nonvested RSUs at December 31, 2023
   
847,169
   
$
2.68
 
Stock-Based Compensation
Stock-based compensation is allocated to Research and development and Selling, general and administrative operating expenses in the Consolidated Statements of Operations and Comprehensive Loss. Stock-based compensation expense for the years ended December 31, 2023, 2022 and 2021 is as follows (in thousands):

   
2023
   
2022
   
2021
 
Research and development
 
$
2,961
   
$
4,548
   
$
5,718
 
Selling, general and administrative
   
5,555
     
6,658
     
19,200
 
Total stock-based compensation
 
$
8,516
   
$
11,206
   
$
24,918