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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation The following table presents the amount of stock-based compensation related to stock-based awards to employees on the Company’s condensed consolidated statements of operations and comprehensive loss (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Research and development$1,130 $587 $2,123 $1,173 
Sales and marketing165 125 315 179 
General and administrative1,430 2,233 2,346 4,353 
Total stock-based compensation$2,725 $2,945 $4,784 $5,705 
Schedule of Share-based Payment Arrangement, Option, Activity
Stock option and RSU activity, prices, and values during the six months ended June 30, 2023 are as follows (in thousands, except for share, per share, and contractual term data):
Options OutstandingRSUs
Number of
shares
Weighted
average
exercise price
Weighted
average
remaining
 contractual
term
(years)
Aggregate
intrinsic
values
($'000s)
Number of plan shares outstandingWeighted average
grant date fair value
per Share
Balances as of December 31, 2022
3,223,109 $1.01 7.39$4,583 6,346,955 $6.10 
Options and RSUs granted— — 8,613,100 1.17 
Options exercised and RSUs released(349,545)0.35 (1,109,735)4.05 
Options and RSUs forfeited(298,358)0.46 (1,237,143)3.34 
Balances as of June 30, 2023
2,575,206 $1.16 6.01$2,437 12,613,177 $3.18 
Options vested and exercisable - December 31, 2022
1,947,123 $0.76 7.06$3,244 
Options vested and exercisable - June 30, 2023
1,902,554 $0.91 5.48$1,915 
Schedule of Share-based Payment Arrangement, Restricted Stock Unit, Activity
Stock option and RSU activity, prices, and values during the six months ended June 30, 2023 are as follows (in thousands, except for share, per share, and contractual term data):
Options OutstandingRSUs
Number of
shares
Weighted
average
exercise price
Weighted
average
remaining
 contractual
term
(years)
Aggregate
intrinsic
values
($'000s)
Number of plan shares outstandingWeighted average
grant date fair value
per Share
Balances as of December 31, 2022
3,223,109 $1.01 7.39$4,583 6,346,955 $6.10 
Options and RSUs granted— — 8,613,100 1.17 
Options exercised and RSUs released(349,545)0.35 (1,109,735)4.05 
Options and RSUs forfeited(298,358)0.46 (1,237,143)3.34 
Balances as of June 30, 2023
2,575,206 $1.16 6.01$2,437 12,613,177 $3.18 
Options vested and exercisable - December 31, 2022
1,947,123 $0.76 7.06$3,244 
Options vested and exercisable - June 30, 2023
1,902,554 $0.91 5.48$1,915 
Schedule of Valuation Assumptions The weighted average assumptions used to determine the fair value of options granted in the three and six months ended June 30, 2022 were as follows:
2022
Risk-free rate1.64 %
Expected volatility73.95 %
Expected term6 years
Expected dividends—