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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Summary of Share-Based Compensation Expense the expense related to Earn-Out Service Providers, is classified in the consolidated statements of operations and comprehensive loss as follows:

 

 

Year Ended
December 31,

 

 

 

2023

 

 

2022

 

 

Research and development

 

$

2,526

 

 

$

3,493

 

 

Selling, general and administrative

 

 

4,281

 

 

 

5,816

 

 

Total

 

$

6,807

 

 

$

9,309

 

 

Summary of Stock Option Activity and Related Information

 

 

Number of
Options

 

 

Weighted-
Average
Exercise
Price
Per Share

 

 

Weighted-
Average
Remaining
Contractual
Term (Years)

 

 

Aggregate
Intrinsic
Value

 

Balance at December 31, 2022

 

 

12,190,970

 

 

$

3.98

 

 

 

7.36

 

 

 

 

Granted

 

 

5,199,280

 

 

$

0.86

 

 

 

 

 

 

 

Cancelled

 

 

(2,769,719

)

 

$

3.58

 

 

 

 

 

 

 

Exercised

 

 

(28,778

)

 

$

0.03

 

 

 

 

 

 

 

Balance at December 31, 2023

 

 

14,591,753

 

 

$

2.94

 

 

 

7.31

 

 

$

285

 

Exercisable December 31, 2023

 

 

7,593,913

 

 

$

3.71

 

 

 

5.53

 

 

$

99

 

Options vested and expected to vest, December 31, 2023

 

 

14,591,753

 

 

$

2.94

 

 

 

7.31

 

 

$

285

 

Summary of Stock Option Activity Weighted-Average Assumptions

The fair value of all option activity was estimated at the date of grant using a Black-Scholes model with the following weighted-average assumptions for the years ended December 31, 2023 and 2022:

 

 

 

Year Ended
December 31,

 

 

 

2023

 

 

2022

 

Fair value of Common Stock

 

$

0.86

 

 

$

5.03

 

Expected volatility

 

 

104.32

%

 

 

99.19

%

Expected term (in years)

 

 

5.92

 

 

 

5.93

 

Risk-free interest rate

 

 

4.10

%

 

 

3.34

%

Expected dividend yield

 

 

0.00

%

 

 

0.00

%

Summary of RSUs Activity

The following table summarizes RSU activity for the year ended December 31, 2023:

 

Number of
RSUs

 

Weighted-
Average
Grant
Date
Fair Value

Balance at December 31, 2022

 

801,401

 

$2.30

Granted

 

3,121,125

 

$0.82

Vested

 

(321,739)

 

$2.08

Forfeited

 

(601,950)

 

$1.74

Balance at December 31, 2023

 

2,998,837

 

$0.89

Summary of PSUs activity

The following table summarizes PSU activity for the year ended December 31, 2023:

 

Number of
PSUs

 

Weighted-
Average
Grant
Date
Fair Value

Balance at December 31, 2022

 

4,554,408

 

$1.50

Granted

 

 

n/a

Vested

 

 

n/a

Forfeited

 

(2,526,274)

 

$1.50

Balance at December 31, 2023

 

2,028,134

 

$1.50