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PROFITS INTEREST UNITS (Tables)
12 Months Ended
Dec. 31, 2021
STOCK-BASED COMPENSATION.  
Schedule of activity of all PIUs

Weighted-Average

 Grant-Date

    

Number of PIUs

    

 Fair Value

Balance at January 1, 2019

20,890,124

$

0.41

Granted

3,692,699

$

0.38

Forfeited

 

(2,848,653)

$

0.41

Balance at December 31, 2019

 

21,734,170

 

  

Granted

 

7,843,107

$

0.60

Forfeited

 

(2,152,315)

$

0.35

Balance at December 31, 2020

 

27,424,962

$

0.43

Forfeited

 

(1,266,068)

$

0.34

Converted at IPO in connection with the Reorganization

 

(26,158,894)

$

0.43

Balance at December 31, 2021

 

$

Schedule of assumptions in conjunction with the Contingent Claims Analysis Model to estimate the fair value of the PIUs

The Company used the following assumptions in conjunction with the Contingent Claims Analysis Model to estimate the fair value of the PIUs:

Year Ended

Year Ended

    

December 31, 2020

December 31, 2019

Expected volatility

55.00

%  

49.00

%

Risk-free interest rate

0.20

%  

1.90

%

Expected term (in years)

 

3.2

 

4.6

Expected dividend yield

 

%  

%