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SHARE BASED COMPENSATION (Tables) | 6 Months Ended
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Jun. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Share-Based Payment Arrangement, Option, Activity | The following table summarized the Company’s share option activity during the six months ended June 30, 2023:
| Number of Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value (000’s)
Balance, December 31,2022 | 76,557,428 |  |  | $ | 1.0 |  |  | 8.3 |  | $ | 19,895 |
Granted | — |  |  | — |  |  | 0 |  | — |
Exercised | (4,322,994) |  |  | 0.3 |  |  | 0 |  | — |
Forfeited | (9,120,023) |  |  | 1.7 |  |  | 0 |  | — |
Balance, June 30, 2023 | 63,114,411 |  |  | $ | 0.9 |  |  | 7.9 |  | $ | 44,312 |
Vested and exercisable, June 30, 2023 | 34,540,222 |  |  | $ | 0.3 |  |  | 7.6 |  | $ | 37,068 |
The following table summarized the Company’s options to restricted shares activity during the six months ended June 30, 2023:
| Number of Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value (000’s)
Balance, December 31,2022 | 242,615,284 |  |  | $ | 1.6 |  |  | 8.2 |  | $ | — |
Granted | — |  |  | — |  |  | — |  |  | — |
Exercised | (66,178) |  |  | 1.0 |  |  | — |  |  | — |
Forfeited | (1,189,738) |  |  | 3.1 |  |  | — |  |  | — |
Balance, June 30, 2023 | 241,359,368 |  |  | $ | 1.6 |  |  | 7.7 |  | $ | — |
Vested and exercisable, June 30, 2023 | 197,939,281 |  |  | $ | 1.6 |  |  | 7.7 |  | $ | — |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | The assumptions used to estimate the fair value of share options granted for the three and six months ended June 30, 2023 and 2022 were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Expected volatility | — |  |  | 49.4% - 109.0% |  | — |  |  | 41.1% - 109.0%
Expected term (in years) | — |  |  | 5.0 - 6.1 |  | — |  |  | 5.0 - 6.2
Risk free interest | — |  |  | 3.4% - 3.4% |  | — |  |  | 1.9% - 3.4%
Dividend yield | — |  |  | 0.0%-0.0% |  | — |  |  | 0.0%-0.0%
Schedule of Unvested Restricted Stock Units Roll Forward | The following table summarized the Company’s RSU activity during the six months ended June 30, 2023:
| Number of RSUs |  | Weighted Average Grant Date Fair Value Per Share
Unvested at December 31,2022 | 5,753,975 |  |  | $ | 5.3 |
Granted | 45,856,837 |  |  | 1.0 |
Vested | (5,548,382) |  |  | 2.1 |
Forfeited | (3,978,031) |  |  | 2.2 |
Unvested at June 30, 2023 | 42,084,399 |  |  | $ | 1.4 |
Share-Based Payment Arrangement, Expensed and Capitalized, Amount | The following table presents the components and classification of share-based compensation for the three and six months ended June 30, 2023 and 2022 (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Research and development | $ | 2,990 |  |  | $ | 54,383 |  |  | $ | 5,448 |  |  | $ | 60,243 |
Selling and marketing | 4,756 |  |  | 35,998 |  |  | 7,510 |  |  | 38,889 |
General and administrative | 12,462 |  |  | 55,689 |  |  | 23,617 |  |  | 63,573 |
Total | $ | 20,208 |  |  | $ | 146,070 |  |  | $ | 36,575 |  |  | $ | 162,705 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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