FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Financial Assets and Liabilities

The table below presents the Company’s financial assets and liabilities subject to fair value measurements on a recurring basis and the level of inputs used for each measurement:

	Fair Value as of:
	June 30, 2022
	Balance Sheet Account	Level 1		Level 2		Level 3		Total
Liabilities:
Earnout liabilities	Earnout liabilities	—		—		13,775		13,775
Total liabilities		$	—	$	—	$	13,775	$	13,775

Schedule of Fair Value Inputs for Share-Based Compensation

The assumptions used in the Black-Scholes option pricing model, along with the certain other information regarding share-based compensation awards is as follows:

	December 31, 2021			December 31, 2020
Expected volatility (%)	66.00		%	45.40		%
Expected dividend growth rate (%)	0.00		%	0.00		%
Risk-free interest rate (%)	0.87		%	0.90		%
Expected term (years)	3.51			3.51
Weighted average contractual life (years)	3.76			3.50
Weighted average fair value of options granted	$	16.80		$	16.02
Weighted average exercise price - minimum	$	18.12		$	11.05
Weighted average exercise price - maximum	$	55.25		$	30.39
Aggregate intrinsic value of stock options outstanding	$	3,047		$	27,682
Compensation cost to be recognized for unvested options	$	8,505		$	5,564
Shareholder compensation expense	$	2,565		$	996

The earnout liabilities are determined using the monte carlo model, a Level 3 valuation. The significant inputs to the earnout liabilities and private warrant valuations are as follows:

	June 30, 2022
	Earnout Liabilities
Trigger price	$12.50 to $15.00
Stock price	$5.90 to $8.66
Volatility	90	%
Time to maturity	2 years
Risk-free rate	3	%
Dividend yield	—