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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Plan Activity

Summaries of the Company’s 2018 Stock Plan activity for the year ended December 31, 2021 are presented below.

 

Options Outstanding

 

 

Number of
Options

 

 

Weighted-
Average
Exercise Price
($ per share)

 

 

Weighted
Average
Remaining
Contractual
Life (years)

 

 

Aggregate
Intrinsic
Value

 

December 31, 2019

 

1,567

 

 

$

2.30

 

 

 

9.64

 

 

$

-

 

Retroactive application of Exchange Ratio

 

5,529

 

 

 

 

 

 

 

 

 

 

December 31, 2019, as adjusted

 

7,096

 

 

$

0.47

 

 

 

 

 

$

-

 

Granted

 

5,046

 

 

 

 

 

 

 

 

 

 

Cancelled

 

(1,685

)

 

 

 

 

 

 

 

 

 

December 31, 2020

 

10,457

 

 

$

0.51

 

 

 

8.96

 

 

$

-

 

Granted

 

-

 

 

 

 

 

 

 

 

 

 

Cancelled

 

-

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

10,457

 

 

$

0.51

 

 

 

7.96

 

 

$

-

 

Vested options as of December 31, 2021

 

8,117

 

 

$

0.48

 

 

 

7.76

 

 

$

-

 

 

Summary of Restricted Stock Units Activity

The following table summarizes activity related to the RSUs:

 

Restricted Stock Units

 

Number of
Restricted Stock Units

 

 

Weighted
Average
Grant Date Fair Value (per share)

 

 

December 31, 2020

 

-

 

 

$

-

 

 

Granted - pre-merger, retroactive application of exchange ratio

 

7,489

 

 

$

4.41

 

 

Granted - post-merger

 

426

 

 

$

12.10

 

 

Cancelled

 

(244

)

 

$

4.41

 

 

December 31, 2021

 

7,671

 

 

$

4.98

 

 

 

 

 

 

 

 

 

Summary of Fair value of Stock Option Grants

The fair value of stock option grants is estimated by the Company on the date of grant using the Black Scholes-Merton option pricing model with the following weighted-average assumptions for the year ended December 31, 2020. There were no options granted for the year ended December 31, 2021.

 

December 31, 2020

 

Risk free interest

 

0.99

%

Dividend yield

 

0.00

%

Expected volatility

 

103.59

%

Expected life (years)

 

6.11

 

Summary of Stock-based Compensation Expense

The Company recorded stock-based compensation expense as follows.

 

For the years ended December 31,

 

 

2021

 

 

2020

 

Research and development

$

2,340

 

 

$

256

 

Sales and marketing

 

1,379

 

 

 

86

 

General and administrative

 

4,412

 

 

 

1,417

 

Total

$

8,131

 

 

$

1,759