Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.21.2
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Stock-based Compensation Expense
The following table summarizes stock-based compensation expense that the Company recorded in income (loss) from operations for the periods shown:
Three Months Ended June 30, Six Months Ended June 30,
2021 2020 2021 2020
Selling and marketing $ 14  $ 24  $ 32  $ 47 
General and administrative 1,238  263  1,469  525 
Research and development 777  444  1,428  783 
Stock-based compensation expense $ 2,029  $ 731  $ 2,929  $ 1,355 
Capitalized stock-based compensation $ 111  $ 141  $ 320  $ 302 
Summary of Stock Option Activity
The following is a summary of stock option activity for time-based and performance-based options for the six months ended June 30, 2021 (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, 2020 18,090  $ 0.85 
Granted 128  7.85 
Exercised (2,233) 0.86 
Forfeited (267) 1.81 
Expired (22) 1.45 
Outstanding - June 30, 2021 15,696  0.89  6.7 $ 78,433 
Unvested - June 30, 2021 5,793  0.98  8.0 27,885 
Exercisable - June 30, 2021 9,903  0.84  6.0 50,548 
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:
Six Months Ended
June 30,
2021 2020
Expected term (in years) 5.86 5.96
Expected volatility 51.24% 55.41%
Risk-free interest rate range
0.54% – 0.60%
0.41% – 0.51%
Dividend yield 0% 0%
Grant-date fair value $0.52 $0.33