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EQUITY INCENTIVE PLAN (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

The following table summarizes the changes in the Company’s outstanding stock options for the three and six months ended June 30, 2022:

 

 

 

Number of
Options

 

Outstanding at January 1, 2022

 

 

7,522,136

 

Granted

 

 

4,231,693

 

Exercised

 

 

 

Forfeited

 

 

(271,368

)

Outstanding at March 31, 2022

 

 

11,482,461

 

Granted

 

 

699,170

 

Exercised

 

 

(16,375

)

Forfeited

 

 

(383,090

)

Outstanding at June 30, 2022

 

 

11,782,166

 

Summary of Restricted Stock Unit Activity

The following table summarizes the changes in the Company’s outstanding restricted stock units for the three and six months ended June 30, 2022:

 

 

 

Number of
RSUs

 

Outstanding at January 1, 2022

 

 

117,516

 

Granted

 

 

1,660,535

 

Vested

 

 

 

Forfeited

 

 

 

Outstanding at March 31, 2022

 

 

1,778,051

 

Granted

 

 

742,900

 

Vested

 

 

(19,220

)

Forfeited

 

 

(115,084

)

Outstanding at June 30, 2022

 

 

2,386,647

 

Summary of Stock-Based Compensation Expenses by Function

The following table presents details of stock-based compensation expenses by functional line item noted within the Company's operating expenses:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cost of sales

 

$

35

 

 

$

 

 

$

51

 

 

$

 

Research and development

 

 

731

 

 

 

413

 

 

 

1,512

 

 

 

622

 

Sales and marketing

 

 

116

 

 

 

31

 

 

 

212

 

 

 

37

 

General and administrative

 

 

6,220

 

 

 

1,045

 

 

 

9,438

 

 

 

1,097

 

 

 

$

7,102

 

 

$

1,489

 

 

$

11,213

 

 

$

1,756