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Equity-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of fair value of unit options issued
 

Year Ended
December 31

2020

 

2019

Expected volatility

 

59.50%

 

55.00%

Expected term (years)

 

6.25

 

6.25

Expected dividends

 

None

 

None

Risk-free rate

 

0.65%

 

1.3%–3.1%

Schedule of activity under the plan
 

Options to Acquire Units

 

Weighted Average Exercise Price
per Unit

 

Aggregate Intrinsic Value

(in thousands, except per unit data)

Options outstanding at December 31, 2019

 

2,578

 

 

$

1.32

 

$

Granted

 

5,478

 

 

 

0.10

 

 

 

Cancelled

 

(2,422

)

 

 

1.27

 

 

 

Exercised

 

(12

)

 

 

0.28

 

 

 
     

 

 

 

   

 

 

Options outstanding at December 31, 2020

 

5,622

 

 

$

0.15

 

$

6,481

     

 

 

 

   

 

 

Options exercisable at December 31, 2020

 

1,990

 

 

$

0.23

 

$

2,205

Schedule of weighted average grant date fair value under the plan
     

Total

 

Weighted-Average
Grant-Date
Fair Value

       

(in thousands, except per unit data)

Options nonvested at January 1, 2019

 

431

 

0.38

Options granted in 2019

 

34

 

Options vested in 2019

 

174

 

0.53

Options nonvested at December 31, 2019

 

247

 

0.21

Options granted in 2020

 

5,478

 

1.19

Options vested in 2020

 

1,878

 

1.17

Options nonvested at December 31, 2020

 

3,644

 

1.19

Schedule of weighted average grant date fair value under the plan
 

Profit Interest
Units

 

Weighted
Average
Distribution
Hurdle per Unit

 

Aggregate
Intrinsic Value

(in thousands, except per unit data)

Units outstanding at January 1, 2020

 

5,675

 

 

1.75

 

Granted

 

4,844

 

 

0.10

 
 

Cancelled

 

(4,856

)

 

1.83

 
 
     

 

       

Units outstanding at December 31, 2020

 

5,663

 

 

0.26

 

5,923

     

 

       

Units vested at December 31, 2020

 

5,157

 

 

0.27

 

5,565

Schedule of weighted average grant date fair value under the plan
 

Total

 

Weighted-Average
Grant-Date
Fair Value

   

(in thousands, except per unit data)

Units nonvested at January 1, 2019

 

810

 

$

Units granted in 2019

 

 

 

Units vested in 2019

 

229

 

 

Units nonvested at December 31, 2019

 

482

 

 

Units granted in 2020

 

4,844

 

 

1.27

Units vested in 2020

 

5,011

 

 

1.27

Units nonvested at December 31, 2020

 

303

 

 

1.27

 

Total

 

Weighted-Average Grant-Date Fair Value

(in thousands, except per unit data)

Units granted in 2020

 

4,484

 

1.28

Units vested in 2020

 

4,315

 

1.28

Units nonvested at December 31, 2020

 

169

 

1.28

Schedule of distribution hurdles per unit for Profits Interest Units outstanding
 

Distribution
Hurdle

 

December 31,

2020

 

2019

   

(in thousands)

Class B-1 Common Units

 

0.10

 

4,345

 

Class B-1 Common Units

 

1.00

 

605

 

2,905

Class B-1 Common Units

 

2.00

 

164

 

1,561

Class B-1 Common Units

 

2.50

 

49

 

701

Class B-2 Common Units

 

0.10

 

250

 

Class B-3 Common Units

 

0.10

 

250

 

Class B-2 Common Units

 

3.38

 

 

250

Class B-3 Common Units

 

5.07

 

 

250

Total profit interests outstanding

     

5,663

 

5,667

Schedule of total equity-based compensation expense
 

Year Ended
December 31,

2020

 

2019

(in thousands)

Operations

 

$

893

 

$

16

Research and development

 

 

1,994

 

 

41

General and administrative

 

 

4,476

 

 

13

Total equity-based compensation

 

$

7,363

 

$

70