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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity Stock option activity under the Plans for the periods presented is as follows:

 

 

 

Options Outstanding

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Shares

 

 

Weighted-

 

 

Average

 

 

 

 

 

 

Subject to

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Options

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

 

 

Outstanding

 

 

Price

 

 

Life (Years)

 

 

Value

 

Balance as of December 31, 2020

 

 

215,625

 

 

$

0.47

 

 

 

9.6

 

 

 

 

Conversion of options due to business combination

 

 

(11,322

)

 

 

 

 

 

 

 

 

 

Balance as of January 1, 2021, as converted

 

 

204,303

 

 

$

0.50

 

 

 

 

 

 

 

Granted

 

 

1,277,540

 

 

 

10.75

 

 

 

 

 

 

 

Exercised

 

 

(3,000

)

 

 

0.50

 

 

 

 

 

 

 

Forfeited

 

 

(2,368

)

 

 

0.50

 

 

 

 

 

 

 

Balance as of December 31, 2021

 

 

1,476,475

 

 

$

9.35

 

 

 

9.4

 

 

$

884

 

Schedule of Stock Options Awards Valuation Assumptions

The Black-Scholes option pricing model assumptions used in evaluating our awards to employees are as follows:

 

 

 

Year Ended

 

 

 

December 31,

 

 

 

2021

 

Expected Term (Years)

 

 

6.02

 

Expected Volatility

 

 

42

%

Risk-free interest rate

 

 

1.22

%

Dividend Yield

 

 

 

Summary of Equity-based Compensation Expense

Equity-based compensation expense in the statement of operations is summarized as follows:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Research and development

 

$

250

 

 

$

105

 

Sales and marketing

 

 

6

 

 

 

-

 

General and administrative

 

 

390

 

 

 

128

 

Total equity-based compensation expense

 

$

646

 

 

$

233