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Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Outstanding Warrants Activity

A summary of the Company’s outstanding warrants as of December 31, 2021, are presented below (in thousands, except share and per share amounts):

   Number of Warrants   Weighted Average
Exercise Price
  

Total

Intrinsic
Value

   Weighted
Average
Remaining
Contractual Life
 (in years)
 
Outstanding as of December 31, 2020   2,535,528   $8.22   $50,560    1.0 
Exercised   (1,962,841)  $7.72   $-    - 
Expired   (7,143)  $-   $-    - 
Outstanding and exercisable as of December 31, 2021   565,544   $9.96   $3,546    0.1 
Schedule of Recognized Stock-Based Compensation Expense

During the years ended December 31, 2021, 2020 and 2019 the Company recognized stock-based compensation expense as follows:

 

   2021   2020   2019 
   Years Ended December 31, 
   2021   2020   2019 
Subscriber related  $71   $32   $- 
Sales and marketing   8,171    2,395    - 
Technology and development   14,068    5,446    - 
General and administrative   41,486    43,866    1,118 
Total Stock-Based Compensation Expense  $63,796   $51,739   $1,118 
Schedule of Stock Option Activity

A summary of stock option activity for the year ended December 31, 2021, is as follows (in thousands, except share and per share amounts):

 

   Number of Shares   Weighted Average
Exercise Price
   Total Intrinsic Value   Weighted Average Remaining Contractual Life
(in years)
 
Outstanding as of December 31, 2020   13,450,565   $5.45   $303,036    8.1 
Granted   220,099   $21.52           
Exercised   (1,990,261)  $1.52           
Forfeited or expired   (225,513)  $7.06           
Outstanding as of December 31, 2021   11,454,890   $6.40   $70,231    7.4 
                     
Options vested and exercisable as of December 31, 2021   6,711,404   $4.71   $51,167    6.8 

 

Schedule of Stock Options Assumptions

The following was used in determining the fair value of stock options granted during the years ended December 31, 2021 and 2020:

 

   Years ended December 31 
   2021   2020 
Dividend yield   -%   -%
Expected price volatility   44.8% - 45.2%   44.4%-57.3%
Risk free interest rate   0.6% - 1.1%   0.23%-0.58%
Expected term (years)   5.8 - 6.1 years    5.3 - 7.5 years 
Schedule of Restricted Stock Unit Activity

A summary of the Company’s time-based restricted stock unit activity during the year ended December 31, 2021 is as follows:

   Number of Shares   Weighted Average Grant-Date
Fair Value
 
Unvested at December 31, 2020   85,000   $25.26 
Granted   2,883,340   $26.12 
Vested   (102,072)  $31.10 
Forfeited   (80,468)  $32.27 
Unvested at December 31, 2021   2,785,800   $25.73 
Market and Service Condition Based Options [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Option Activity

A summary of activity under the Plan for market and service-based stock options for the year ended December 31, 2021 is as follows (in thousands, except share and per share amounts):

 

   Number of Shares   Weighted Average
Exercise Price
   Total Intrinsic Value   Weighted
Average
Remaining
Contractual Life
(in years)
 
Outstanding as of December 31, 2020   3,078,297   $9.69   $56,351    6.3 
Granted   1,375,000   $19.59           
Outstanding as of December 31, 2021   4,453,297   $12.75   $17,933    5.7 
                     
Options vested and exercisable as of December 31, 2021   3,078,297   $9.69   $17,933    5.3 
Schedule of Stock Options Assumptions

Stock based compensation expense is based on the estimated value of the awards on the grant date, and is recognized over the period from the grant date through the expected vest dates of each vesting condition, both of which were estimated based on a Monte Carlo simulation model applying the following key assumptions as of the grant date:

 

   For the years ended December 31, 
   2021   2020 
Dividend yield   -    - 
Expected volatility   71.5%   76.0%-88.1% 
Risk free rate   1.3%   0.24%-0.30% 
Derived service period   2.0 years     1.6- 1.9 years 
Performance Based Restricted Stock Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Restricted Stock Unit Activity

A summary of the Company’s performance-based restricted stock unit activity during the year ended December 31, 2021 and 2020 is as follows:

 

   Number of Shares   Weighted Average Grant-Date
 Fair Value
 
Unvested at December 31, 2020   -   $- 
Granted   1,900,000   $33.87 
Unvested at December 31, 2021   1,900,000   $33.87