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STOCK-BASED COMPENSATION | 6 Months Ended
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Jun. 30, 2022
Share-Based Payment Arrangement [Abstract] |
STOCK-BASED COMPENSATION | STOCK-BASED COMPENSATION The following table summarizes share-based compensation expense included in general and administrative expenses within the consolidated statements of operations:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Stock option expense | $ | 337 |  |  | $ | 314 |  |  | $ | 683 |  |  | $ | 649 |
Restricted stock unit expense | 2,667 |  |  | — |  |  | 3,298 |  |  | — |
Incentive units | 10 |  |  | 29 |  |  | 39 |  |  | 135 |
Total stock-based compensation expense | $ | 3,014 |  |  | $ | 343 |  |  | $ | 4,020 |  |  | $ | 784 |
The following table sets forth the stock compensation activity under the Holdings' equity plan, which was assumed by the Company, for the six months period ended June 30, 2022: Stock Option Activity
| Number of Shares |  | Weighted Average Exercise Price Per Shares |  | Weighted Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2022 | 5,409,771 |  |  | $ | 1.27 |  |  | 4.1 |  | $ | 37,542 |
Granted | — |  |  | — |  |  |  |  |
Exercised | — |  |  | — |  |  |  |  |
Forfeited | — |  |  | — |  |  |  |  |
Outstanding at June 30, 2022 | 5,409,771 |  |  | $ | 1.27 |  |  | 5.3 |  | $ | 21,583 |
Vested and expected to vest at June 30, 2022 | 5,409,771 |  |  | $ | 1.27 |  |  | 4.8 |  | $ | 21,583 |
Exercisable at June 30, 2022 | 5,133,541 |  |  | $ | 1.04 |  |  | 3.4 |  | $ | 21,484 |
Restricted Stock and Performance Stock Unit Activity
| Number of Shares
Outstanding at January 1, 2022 | — |
Granted | 5,554,133 |
Vested | (46,204) |
Forfeited | — |
Nonvested at June 30, 2022 | 5,507,929 |
Earnouts
| Number of Shares
Outstanding at January 1, 2022 | 657,160 |
Granted | — |
Vested | — |
Forfeited | — |
Nonvested at June 30, 2022 | 657,160 |
Incentive Units Upon consummation of the Business Combination on December 27, 2021, all of the incentive units, whether vested or unvested, outstanding immediately prior to the merger that were not settled as part of the transaction, were assumed by the Company and converted into class B common stock. The incentive units converted into class B common stock outstanding were 1,236,027 as of June 30, 2022. Unrecognized compensation cost for unvested stock options, restricted stock awards, incentive units and performance stock units as of June 30, 2022 totaled $36,448, and is expected to be recognized over a weighted average period of approximately 3.3 years.

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI https://asc.fasb.org/topic&trid=2228938 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (l) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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