Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.22.4
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense
The following table summarizes stock-based compensation expense that the Company recorded in (loss) income from operations for the periods shown:
Years Ended December 31,
2022 2021 2020
Selling and marketing $ 813  $ 72  $ 94 
General and administrative 8,547  1,704  1,044 
Research and development 8,367  2,679  2,381 
Stock-based compensation expense $ 17,727  $ 4,455  $ 3,519 
Capitalized stock-based compensation $ 2,530  $ 657  $ 605 
Schedule of Stock Option Activity
The following is a summary of stock option activity for time-based options for the year ended December 31, 2022 (in thousands, except weighted-average exercise price and remaining term):
No. of
Options		 Weighted-Average
Exercise Price		 Weighted-Average
Remaining Term (in Years)		 Aggregate
Intrinsic Value
Outstanding - December 31, 2021 14,749  $ 0.85 
Granted —  — 
Exercised (5,178) 0.31 
Forfeited (245) 1.90 
Expired (104) 1.99 
Outstanding - December 31, 2022 9,222  1.11  5.5 $ 25,969 
Unvested - December 31, 2022 1,249  0.96  6.7 3,866 
Exercisable - December 31, 2022 7,973  1.14  5.3 22,103 
Schedule of Weighted-average Assumptions
The following table presents the weighted-average assumptions used to estimate the fair value of the stock options granted in the Company’s consolidated financial statements:
For the Years Ended
December 31,
2022 2021 2020
Expected term (in years) 0.00 5.86 5.96
Expected volatility —% 51.24% 59.56%
Risk-free interest rate range
0.00% – 0.00%
0.54% – 0.60%
0.24% – 0.51%
Dividend yield 0% 0% 0%
Grant-date fair value $— $4.01 $0.60
Schedule of Nonvested Restricted Stock Units Activity
The following is a summary of RSU activity for the year ended December 31, 2022 (in thousands, except weighted-average grant date fair value):
No. of
RSUs		 Weighted-Average Grant Date Fair Value Total Fair Value of Shares Vested
Outstanding - December 31, 2021 —  $ — 
Granted 13,922  4.28
Vested (1,884) 4.34 $ 8,170 
Forfeited (517) 4.11
Outstanding - December 31, 2022 11,521  $ 4.28