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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Plan Activity

Summaries of the Company’s 2018 Stock Plan activity for the six months ended June 30, 2022 is presented below.

 

Options Outstanding

 

 

Number of
Options

 

 

Weighted-
Average
Exercise Price
($ per share)

 

 

Weighted
Average
Remaining
Contractual
Life (years)

 

 

Aggregate
Intrinsic
Value

 

December 31, 2021

 

10,457

 

 

$

0.51

 

 

 

7.96

 

 

$

-

 

Granted

 

175

 

 

$

9.58

 

 

 

 

 

 

 

Exercised

 

(131

)

 

$

0.47

 

 

 

 

 

 

 

Cancelled and forfeited

 

(326

)

 

$

0.47

 

 

 

 

 

 

 

March 31, 2022

 

10,175

 

 

$

0.66

 

 

 

7.75

 

 

$

-

 

Exercised

 

(70

)

 

$

0.47

 

 

 

 

 

 

 

June 30, 2022

 

10,105

 

 

$

0.67

 

 

 

7.50

 

 

 

 

Vested options as of June 30, 2022

 

8,173

 

 

$

0.49

 

 

 

7.30

 

 

$

-

 

Summary of Restricted Stock Units Activity

The following table summarizes activity related to the RSUs:

 

Restricted Stock Units

 

Number of
Restricted Stock Units

 

 

Weighted
Average
Grant Date Fair Value (per share)

 

 

December 31, 2021

 

7,671

 

 

$

4.98

 

 

Granted

 

1,510

 

 

$

7.54

 

 

Cancelled

 

(136

)

 

$

4.82

 

 

March 31, 2022

 

9,045

 

 

$

5.29

 

 

Granted

 

387

 

 

$

4.44

 

 

Vested or distributed

 

(2,153

)

 

$

4.56

 

 

June 30, 2022

 

7,279

 

 

$

5.43

 

 

Summary of Stock-based Compensation Expense

The Company recorded stock-based compensation expense as follows.

 

For the three months ended June 30,

 

 

For the six months ended June 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Research and development

$

933

 

 

$

52

 

 

$

1,814

 

 

$

107

 

Sales and marketing

 

590

 

 

 

16

 

 

 

1,129

 

 

 

32

 

General and administrative

 

2,300

 

 

 

360

 

 

 

4,403

 

 

 

716

 

Total

$

3,823

 

 

$

428

 

 

$

7,346

 

 

$

855