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Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]  
Schedule of share-based compensation expense
   Years ended December 31, 
Operating expense classification  2021   2020 
Selling, general, and administrative  $10,158   $147 
R&D   1,222    131 
Total share-based compensation expense  $11,380   $278 

 

Schedule of summary valuation assumptions
   Years ended December 31, 
   2021   2020 
Expected term (in years)   6.08    5.97 
Expected volatility   40.7%   40.9%
Risk-free interest rate   1.2%   0.5%
Expected dividend yield   
    
 

 

The table below summarizes the key inputs used in the valuation of the RSU Awards granted in November 2021:

 

Expected time to transaction (in years)   0.09 
Discount rate   20%
Expected volatility   50%
Risk-free interest rate   0.1%
Expected dividend yield   
%

 

Schedule of stock option activity
   Number of Shares   Weighted Average Grant Date Fair Value ($)   Weighted Average Exercise Price ($)   Weighted Average Remaining Contractual Life (Years)   Aggregate Intrinsic Value ($) 
Outstanding balance as of December 31, 2019  16,161,311   0.10   0.09   8.53     
Granted  14,892,844   0.16   0.18         
Exercised   (113,247)   0.09    0.09         11,813 
Forfeited   (188,745)   0.09    0.09           
Outstanding balance as of December 31, 2020   30,752,163    0.13    0.13    8.65    2,061,436 
Granted   17,582,483    2.34    5.42           
Exercised   (5,741,547)   0.07    0.11         15,598,547 
Forfeited   (1,736,001)   0.24    0.21           
Expired   (28,940)   0.37    0.22           
Outstanding balance as of December 31, 2021   40,828,158    1.10    2.41    8.41    535,438,090 
Exercisable as of December 31, 2021   15,551,698    0.13    0.13    7.04    239,383,717 
Vested as of December 31, 2021   14,243,064    0.06    0.11    6.85    219,457,217 

 

Schedule of RSU award activity
   Number of Shares   Weighted Average Grant Date Fair Value ($) 
Unvested RSA Awards as of December 31, 2020   
   $
 
Granted   4,440,067   $9.00 
Unvested RSA Awards as of December 31, 2021   4,440,067   $9.00