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Stock-based compensation (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Assumptions used to estimate fair value of stock options granted

The assumptions used to estimate the fair value of stock options granted during the years ended December 31, 2021 and 2020 are as follows:

		Years ended December 31,
		2021				2020
Expected dividend yield			0%				0%
Expected volatility			56%				45%
Expected term (years)			8.53				9.41
Risk-free interest rate			0.87%				0.43%

Stock option activity

The following table summarizes the Company’s stock option activity during the periods presented (in thousands except share and per share data):

		Number of options outstanding				Weighted average exercise price ($)				Weighted average remaining contractual term (years)				Aggregate intrinsic value ($)
Balance as of December 31, 2020			12,654,807				0.81				9.38				—
D-Wave options granted			4,369,866				0.82				—				—
D-Wave options exercised			(105,203	)			0.81				—				—
D-Wave options forfeited			(171,204	)			0.81				—				—
D-Wave options expired			(412,132	)			0.81				—				—
Balance as of December 31, 2021			16,336,134				0.81				8.55				80,179
Options unvested as of December 31, 2021			6,943,273				0.81				8.53				77,423
Options exercisable as of December 31, 2021			9,392,861				0.81				8.20				46,116

Preferred stock warrants outstanding and exercisable

As of December 31, 2021, the following United States dollar common stock warrants were outstanding and exercisable:

		Number of warrants outstanding				Weighted average exercise price ($)				Expiry Date				Number exercisable
			617,972			$	1.75				14-April-22				617,972
Total, December 31, 2021			617,972			$	1.75								617,972

As of December 31, 2021, the following United States dollar preferred stock warrants were outstanding and exercisable:

		Number of warrants outstanding				Weighted average exercise price ($)				Expiry Date				Number exercisable
			3,247,637			$	1.92				29-Nov-26				1,299,055
Total, December 31, 2021			3,247,637			$	1.92								1,299,055

Stock-based compensation expense

The following table summarizes the stock-based compensation expense classified in the consolidated statements of operations and comprehensive loss as follows (in thousands):

		Years ended December 31,
		2021				2020
Research and development		$	338			$	1,513
General and administrative			1,164				1,346
Sales and marketing			237				130
Total stock-based compensation		$	1,739			$	2,989

Common stock and preferred stock warrant [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock option activity

A continuity of the Company’s United States dollar common stock warrants issued and outstanding is as follows:

		Number of common stock warrants				Weighted average exercise price ($)				Number of preferred stock warrants				Weighted average exercise price ($)
Balance as of December 31, 2020			617,972				1.75				3,247,637				1.92
Granted during the period			—				—				—				—
Expired during the period			—				—				—				—
Exercised during the period			—				—				—				—
Balance as of December 31, 2021			617,972				1.75				3,247,637				1.92

DWave System [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Assumptions used to estimate fair value of stock options granted

There were no options granted during the six months ended June 30, 2022. The assumptions used to estimate the fair value of stock options granted during the six months ended June 30, 2021 are as follows:

		Six months ended June 30,
		2022				2021
Expected dividend yield			—				0	%
Expected volatility			—				50	%
Expected term (years)			—				6.08
Risk-free interest rate			—				0.83	%

Stock option activity

The following table summarizes the Company’s stock option activity during the periods presented (in thousands except share and per share data):

		Number of options outstanding				Weighted average exercise price ($)				Weighted average remaining contractual term (years)				Aggregate intrinsic value ($)
Balance as of December 31, 2021			16,336,134				0.81				8.55				80,179
Granted			—				—
Exercised			(174,378	)			0.81
Forfeited			(840,002	)			0.81
Expired			(11,077	)			0.81
Balance as of June 30, 2022			15,310,677				0.81				7.96				75,144
Unvested as of June 30, 2022			4,698,271				0.81				7.77				73,479
Exercisable as of June 30, 2022			10,612,406				0.81				7.43				52,098

Preferred stock warrants outstanding and exercisable

As of June 30, 2022, the following United States dollar preferred stock warrants were outstanding and exercisable:

		Number of warrants outstanding				Weighted average exercise price ($)				Expiry Date				Number exercisable
			3,247,637			$	1.92				29-Nov-26				1,299,055
Total, June 30, 2022			3,247,637			$	1.92								1,299,055

Stock-based compensation expense

The following table summarizes the stock-based compensation expense classified in the consolidated statements of operations and comprehensive loss as follows (in thousands):

		Three months ended June 30,
		2022				2021
Research and development		$	117			$	58
General and administrative			641				74
Sales and marketing			58				37
Total stock-based compensation		$	816			$	169

		Six months ended June 30,
		2022				2021
Research and development		$	210			$	88
General and administrative			1,270				173
Sales and marketing			120				69
Total stock-based compensation		$	1,600			$	330

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