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SHARE BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Share-Based Payment Arrangement, Option, Activity
The following table summarized the Company’s share option activity during the years ended December 31, 2022, 2021, and 2020:
Number of OptionsWeighted Average Exercise PriceWeighted Average
Remaining Contractual
Term (Years)
Aggregate
Intrinsic Value (000’s)
Balance, December 31, 201916,926,761 $0.04 8.8$277 
Granted31,351,141 0.07 — — 
Exercised(1,775,510)— — — 
Forfeited(575,705)— — — 
Balance, December 31, 202045,926,687 0.06 9.12,905 
Granted50,503,922 1.09 — — 
Exercised(3,948,649)0.09 — — 
Forfeited(5,219,086)0.52 — — 
Balance, December 31, 202187,262,873 0.62 8.9184,841 
Granted16,838,536 2.27 — — 
Exercised(16,725,583)0.09 — — 
Forfeited(10,818,398)1.50 — — 
Balance, December 31, 202276,557,428 $0.97 8.3$19,895 
Vested and exercisable, December 31, 202228,590,058 $0.46 7.9$22,301 
The following table summarized the Company’s options to restricted shares activity during the years ended December 31, 2022, 2021 and 2020:
Number of OptionsWeighted Average Exercise PriceWeighted Average
Remaining Contractual
Term (Years)
Aggregate
Intrinsic Value (000’s)
Balance, December 31, 2020— $— — $— 
Granted245,167,369 1.66 — 1,526
Exercised— — —  
Forfeited— — —  
Balance, December 31, 2021245,167,369 $1.66 9.31,526 
Granted1,665,825 2.15 — — 
Exercised— — — — 
Forfeited(4,217,910)3.14 — — 
Balance, December 31, 2022242,615,284 $1.64 8.2— 
Vested and exercisable, December 31, 2022196,797,316 $1.60 8.2$— 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
The assumptions used to estimate the fair value of share options granted for the years ended December 31, 2022, 2021 and 2020 were as follows:
202220212020
Expected volatility
46.91% - 529.23%
41.12% - 48.71%
44.90% - 48.65%
Expected term (in years)
5.00-6.19
5.00 - 6.27
5.66 - 6.15
Risk free interest
1.68% - 3.65%
0.60% - 1.39%
0.35% - 0.53%
Dividend yield
0.00
0.00
0.00
Schedule of Unvested Restricted Stock Units Roll Forward
The following table summarized the Company’s RSU activity during the year ended December 31, 2022:
Number of RSUsWeighted Average Grant Date Fair Value Per Share
Unvested at December 31, 2021— $— 
Granted5,936,379 5.34 
Vested(130,406)7.81 
Forfeited(51,998)5.99 
Unvested at December 31, 20225,753,975 $5.28 
Share-Based Payment Arrangement, Expensed and Capitalized, Amount
The following table presents the components and classification of share-based compensation for the year ended December 31, 2022, 2021 and 2020 (in thousands):
202220212020
Research and development$81,337 $27,042 $89 
Selling and marketing58,377 18,458 
General and administrative101,975 22,285 63 
Total$241,689 $67,785 $156