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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Weighted Average Assumptions The following table presents the weighted average assumptions used in the valuations for the Class B units on December 31, 2020:
December 31, 2020
Risk-free rate1.5 %
Volatility factor54.0 %
Geometric Brownian Motion0.853
Schedule of the Components of Share-Based Compensation Expense
The following table sets forth the share-based compensation for the periods presented:
December 31,
20212020
Research and development$9,721 $— 
Selling, general, and administrative13,184 — 
Total$22,905 $— 
Schedule of Profit Interest Activity
The following table sets forth the changes in the Company’s outstanding aforementioned equity awards for the years ended December 31, 2021 and 2020:

Number of SharesWeighted
average grant date fair value
Shares Retained to Cover Statutory Minimum Withholding Taxes
Nonvested shares as of December 31, 20191,709,478 $0.09 
Granted3,358,240 $3.28 
Vested(882,872)$0.55 — 
Forfeited(343,024)$0.09 
Nonvested shares as of December 31, 20203,841,822 $2.61 
Granted6,237,471 $9.00 
Vested(3,070,760)$4.17 153,636 
Forfeited(337,026)$4.04 
Nonvested shares as of December 31, 20216,671,507$7.79 
Schedule of Changes in Outstanding Options
The following table sets forth the changes in the Company’s outstanding options for the year ended December 31, 2021:

OptionsWeighted-average exercise priceWeighted-average remaining contractual term (years)Aggregate intrinsic value
Outstanding at December 31, 2020— $— 
Assumed from acquisition1,542,332 $0.23 
Exercised(92,251)$0.71 
Forfeited or expired— $— 
Outstanding at December 31, 20211,450,081 $0.20 5.93$17,095 
Exercisable at December 31, 20211,450,081 $0.20 5.93$17,095 
Vested or expected to vest1,450,081 $0.20 5.93$17,095