XML 50 R31.htm IDEA: XBRL DOCUMENT v3.22.1
Share-Based Compensation (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]    
Schedule of Common Stock Reserved for Future Issuance

The Company has the following shares of common stock reserved for future issuance, on an as-if converted basis:

March 31,

    

December 31,

    

2022

    

2021

Conversion of convertible preferred stock

86,815,192

Warrants to purchase convertible preferred stock

 

 

3,540,546

Warrants to purchase common stock

 

3,774,437

 

233,891

Shares available for grant under 2018 Plan

 

 

1,133,920

Stock options issued and outstanding under 2018 Plan

 

14,960,960

 

15,712,433

Shares available for grant under 2022 Plan

 

12,899,504

 

Stock options issued and outstanding under 2022 Plan

 

 

Shares available for grant under 2022 ESPP

 

4,072,000

 

Outstanding Private Placement Warrants

 

7,386,667

 

Outstanding Public Warrants

 

18,466,604

 

Total shares of common stock reserved

 

61,560,172

 

107,435,982

 
Schedule of Stock Option Activity

    

Weighted

    

Weighted-

    

Average Exercise

Averages Life

Aggregate

    

Stock Options

    

Price

    

(Years)

    

Intrinsic Value

Balance as of December 31, 2021

5,031,310

$

6.85

9.2 years

$

120,491

Retroactive application of recapitalization

10,681,124

$

(4.66)

  

  

Balance as of December 31, 2021

 

15,712,434

$

2.19

 

  

 

  

Exercised

 

(194,977)

$

0.54

 

  

 

  

Cancelled/Forfeited/Expired

 

(556,497)

$

0.63

 

  

 

  

Balance as of March 31, 2022

 

14,960,960

$

2.27

 

8.7 years

$

472,858

Vested and exercisable as of March 31, 2022

 

4,549,923

$

0.80

 

8.0 years

$

150,512

 
Schedule of Valuation Assumptions Using Black-Scholes

Fair value of common stock

$

6.11

 

Expected term (years)

 

5.3

Expected volatility

 

40.0

%

Risk-free interest rate

 

0.7

%

Expected dividend yield

 

0.0

%

    

2021

    

2020

Fair value of common stock

$8.80 – $21.29

$3.41 – $6.59

Expected term (years)

5.1 – 7.0

5.0 – 6.2

Expected volatility

40.0% – 41.4%

37.0% – 41.7%

Risk-free interest rate

0.7% –1.3%

0.3% – 0.8%

Expected dividend yield

0.0%

0.0%