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Stock- Based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Awards (RSA) Activity

The following is a summary of RSA transactions as of and for the three months ended March 31, 2023:

 

 

Unvested Shares

 

 

Weighted-Average
Grant Date Fair Value

 

Unvested, December 31, 2022

 

 

16,796

 

 

$

11.98

 

Vested

 

 

(125

)

 

 

11.98

 

Forfeited

 

 

(1,138

)

 

 

11.98

 

Unvested, March 31, 2023

 

 

15,533

 

 

$

11.98

 

Summary of Restricted Stock Unit (RSU) Activity

The following is a summary of RSU transactions as of and for the three months ended March 31, 2023:

 

 

Unvested Shares

 

 

Weighted-Average
Grant Date Fair Value

 

Outstanding, December 31, 2022

 

 

14,203

 

 

$

10.61

 

Granted

 

 

17,209

 

 

 

6.02

 

Vested

 

 

(1,711

)

 

 

8.59

 

Canceled and forfeited

 

 

(1,439

)

 

 

10.47

 

Outstanding, March 31, 2023

 

 

28,262

 

 

$

7.94

 

Summary of Stock Option Activity

The following is a summary of stock option activity as of and for the three months ended March 31, 2023:

 

 

Number of Options

 

 

Weighted-Average
Exercise Price

 

 

Weighted-Average
Remaining Contractual Term (Years)

 

 

Aggregate Intrinsic Value

 

Outstanding, December 31, 2022

 

 

13,476

 

 

$

7.42

 

 

 

9.70

 

 

$

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

Canceled and forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, March 31, 2023

 

 

13,476

 

 

$

7.42

 

 

 

9.46

 

 

$

2,375

 

Vested or expected to vest at March 31, 2023

 

 

13,476

 

 

$

7.42

 

 

 

9.46

 

 

$

2,375

 

Summary of Stock Based Compensation Expense

The Company recognized stock-based compensation expense related to RSAs, RSUs, and stock options within general and administrative expenses in the unaudited consolidated statements of operations and comprehensive loss as follows:

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Stock-based compensation expense

 

$

23,866

 

 

$

59,855