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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock-based Compensation Recorded in Consolidated Statements of Operations and Comprehensive Loss

Total stock-based compensation recorded in the consolidated statements of operations and comprehensive loss during the years ended December 31, 2021 and 2020 consisted of the following:

 

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

Cost of revenues

 

$

10,996

 

 

$

1,400

 

Research and development

 

 

9,973

 

 

 

1,183

 

Selling, general and administrative

 

 

11,588

 

 

 

1,635

 

Total stock-based compensation expense

 

$

32,557

 

 

$

4,218

 

Summary of Stock Option Activity

The following summarizes the stock option activity of the 2013 Plan for the years ended December 31, 2021 and 2020:

 

 

 

Options to Purchase Common Stock

 

 

Weighted- Average Exercise Price per Share

 

 

Weighted- Average Grant Date Fair Value per Share

 

 

Weighted- Average Remaining Contract Life (In Years)

 

 

Aggregate Intrinsic Value

 

Outstanding — at January 1, 2020

 

 

27,263,775

 

 

$

0.97

 

 

$

0.50

 

 

 

7.95

 

 

$

11,941

 

Granted

 

 

90,597

 

 

 

1.41

 

 

 

0.78

 

 

 

 

 

 

 

Exercised

 

 

(2,771,051

)

 

 

0.36

 

 

 

 

 

 

3.21

 

 

 

2,565

 

Forfeited

 

 

(1,508,243

)

 

 

1.26

 

 

 

 

 

 

 

 

 

 

Expired

 

 

(986,352

)

 

 

1.05

 

 

 

 

 

 

 

 

 

 

Outstanding — at December 31, 2020

 

 

22,088,726

 

 

$

1.03

 

 

$

0.53

 

 

 

7.12

 

 

$

85,853

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(3,708,786

)

 

 

1.00

 

 

 

0.51

 

 

 

4.32

 

 

 

41,822

 

Forfeited

 

 

(857,579

)

 

 

1.21

 

 

 

0.60

 

 

 

0.01

 

 

 

9,131

 

Expired

 

 

(177,033

)

 

 

1.16

 

 

 

0.31

 

 

 

 

 

 

1,969

 

Outstanding — at December 31, 2021

 

 

17,345,328

 

 

$

1.03

 

 

$

0.54

 

 

 

6.03

 

 

$

195,111

 

Options vested and exercisable — at December 31, 2021

 

 

15,112,440

 

 

$

1.01

 

 

$

0.52

 

 

 

5.90

 

 

$

170,320

 

Options vested and exercisable — at December 31, 2020

 

 

14,739,214

 

 

$

0.97

 

 

$

0.49

 

 

 

6.83

 

 

$

57,660

 

Summary of Weighted-average Assumptions

The following weighted-average assumptions were used in the Black-Sholes option-pricing model calculation for stock options granted for the years ended December 31, 2021 and 2020:

 

 

 

2021

 

 

2020

 

Fair value per share of common stock

 

$

 

 

$

1.41

 

Expected volatility

 

 

%

 

 

60.0

%

Risk-free interest rate

 

 

%

 

 

0.6

%

Expected life (years)

 

 

 

 

6.25

 

Dividend rate

 

None

 

 

None

 

Summary of Performance-based Restricted Stock Unit Activity

The following summarizes the performance-based restricted stock unit activity of the Plan for the years ended December 31, 2021 and 2020:

 

 

 

Number of
Units

 

 

Weighted- Average Grant Date Fair Value

 

Outstanding — at January 1, 2020

 

 

6,818,453

 

 

$

1.41

 

Granted

 

 

5,954,361

 

 

 

1.25

 

Forfeited

 

 

(941,759

)

 

 

1.40

 

Outstanding — at December 31, 2020

 

 

11,831,055

 

 

 

1.33

 

Granted

 

 

6,542,426

 

 

 

9.68

 

Forfeited

 

 

(1,426,559

)

 

 

2.10

 

Outstanding — at December 31, 2021

 

 

16,946,922

 

 

$

4.49

 

Units expected to vest — at December 31, 2021

 

 

16,946,922

 

 

$

4.49

 

Units expected to vest — at December 31, 2020

 

 

 

 

$