Share-based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Expense

Our total share-based compensation expense, including the location where recognized within our Consolidated Statements of Operations and Comprehensive Loss, are as follows ($ in thousands):

	Years ended December 31,
Operating expense classification	2021		2020
Selling, general, and administrative	$	10,158	$	147
R&D	1,222		131
Total share-based compensation expense	$	11,380	$	278

Summary of Stock Option Valuation Assumptions

The table below summarizes the other valuation assumptions, on a weighted-average basis, used in the Black-Scholes option-pricing model to estimate the fair value of stock option awards:

	Years ended December 31,
	2021		2020
Expected term (in years)	6.08		5.97
Expected volatility	40.7	%	40.9	%
Risk-free interest rate	1.2	%	0.5	%
Expected dividend yield	—		—

Schedule of Stock Option Activity

The following table summarizes the Company’s stock option activity:

	Number of Shares	Weighted Average Grant Date Fair Value ($)	Weighted Average Exercise Price ($)	Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value ($)
Outstanding balance as of December 31, 2019	16,161,311	0.10	0.09	8.53
Granted	14,892,844	0.16	0.18
Exercised	(113,247)	0.09	0.09		11,813
Forfeited	(188,745)	0.09	0.09
Outstanding balance as of December 31, 2020	30,752,163	0.13	0.13	8.65	2,061,436
Granted	17,582,483	2.34	5.42
Exercised	(5,741,547)	0.07	0.11		15,598,547
Forfeited	(1,736,001)	0.24	0.21
Expired	(28,940)	0.37	0.22
Outstanding balance as of December 31, 2021	40,828,158	1.10	2.41	8.41	535,438,090
Exercisable as of December 31, 2021	15,551,698	0.13	0.13	7.04	239,383,717
Vested as of December 31, 2021	14,243,064	0.06	0.11	6.85	219,457,217

Summary of RSA Awards Valuation Assumptions

The table below summarizes the key inputs used in the valuation of the RSU Awards granted in November 2021:

Expected time to transaction (in years)	0.09
Discount rate	20	%
Expected volatility	50	%
Risk-free interest rate	0.1	%
Expected dividend yield	—	%

Schedule of RSU Activity

The following table summarizes the Company’s RSU Award activity:

	Number of Shares	Weighted Average Grant Date Fair Value ($)
Unvested RSA Awards as of December 31, 2020	—	$	—
Granted	4,440,067	$	9.00
Unvested RSA Awards as of December 31, 2021	4,440,067	$	9.00