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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
2023 Employee Bonus Plan
2022 Employee Bonus Plan
Common Stock
Common Stock
2023 Employee Bonus Plan
Common Stock
2022 Employee Bonus Plan
Additional Paid-in Capital
Additional Paid-in Capital
2023 Employee Bonus Plan
Additional Paid-in Capital
2022 Employee Bonus Plan
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2022       33,393,737            
Beginning balance at Dec. 31, 2022 $ 68,748     $ 4     $ 156,485     $ (87,741)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss (31,450)                 (31,450)
Issuance of Class A common stock upon exercise of stock options (in shares)       1,184,765            
Issuance of Class A common stock upon exercise of stock options 2,055           2,055      
Issuance of Class A common stock under the 2021 Plan (in shares)       769,536            
Issuance of Class A common stock related to the Employee Stock Purchase Plan ("ESPP") (in shares)       348,555            
Issuance of Class A common stock related to the 2021 Employee Stock Purchase Plan ("ESPP") 1,171           1,171      
Issuance of restricted stock units related to the Bonus Plan (see Note 14) (in shares)           287,908        
Issuance of restricted stock units related to the Bonus Plan (see Note 14)     $ 1,848           $ 1,848  
Stock-based compensation 11,813           11,813      
Ending balance (in shares) at Jun. 30, 2023       35,984,501            
Ending balance at Jun. 30, 2023 54,185     $ 4     173,372     (119,191)
Beginning balance (in shares) at Mar. 31, 2023       34,517,414            
Beginning balance at Mar. 31, 2023 60,569     $ 4     165,419     (104,854)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss (14,337)                 (14,337)
Issuance of Class A common stock upon exercise of stock options (in shares)       687,860            
Issuance of Class A common stock upon exercise of stock options 1,215           1,215      
Issuance of Class A common stock under the 2021 Plan (in shares)       430,672            
Issuance of Class A common stock related to the Employee Stock Purchase Plan ("ESPP") (in shares)       348,555            
Issuance of Class A common stock related to the 2021 Employee Stock Purchase Plan ("ESPP") 1,171           1,171      
Stock-based compensation 5,567           5,567      
Ending balance (in shares) at Jun. 30, 2023       35,984,501            
Ending balance at Jun. 30, 2023 54,185     $ 4     173,372     (119,191)
Beginning balance (in shares) at Dec. 31, 2023 [1]       39,150,610            
Beginning balance at Dec. 31, 2023 44,938     $ 4 [1]     192,388     (147,454)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss $ (21,401)                 (21,401)
Issuance of Class A common stock upon exercise of stock options (in shares) 1,694,829     1,694,829 [1]            
Issuance of Class A common stock upon exercise of stock options $ 4,999           4,999      
Issuance of Class A common stock under the 2021 Plan (in shares) [1]       1,357,877            
Issuance of Class A common stock related to the Employee Stock Purchase Plan ("ESPP") (in shares) [1]       386,517            
Issuance of Class A common stock related to the 2021 Employee Stock Purchase Plan ("ESPP") 1,359           1,359      
Issuance of restricted stock units related to the Bonus Plan (see Note 14) (in shares) [1]         296,448          
Issuance of restricted stock units related to the Bonus Plan (see Note 14)   $ 3,507           $ 3,507    
Stock-based compensation 11,696           11,696      
Ending balance (in shares) at Jun. 30, 2024 [1]       42,886,281            
Ending balance at Jun. 30, 2024 45,098     $ 4 [1]     213,949     (168,855)
Beginning balance (in shares) at Mar. 31, 2024 [1]       41,469,779            
Beginning balance at Mar. 31, 2024 47,454     $ 4 [1]     205,957     (158,507)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss (10,348)                 (10,348)
Issuance of Class A common stock upon exercise of stock options (in shares) [1]       265,347            
Issuance of Class A common stock upon exercise of stock options 716           716      
Issuance of Class A common stock under the 2021 Plan (in shares) [1]       764,638            
Issuance of Class A common stock related to the Employee Stock Purchase Plan ("ESPP") (in shares) [1]       386,517            
Issuance of Class A common stock related to the 2021 Employee Stock Purchase Plan ("ESPP") 1,359           1,359      
Stock-based compensation 5,917           5,917      
Ending balance (in shares) at Jun. 30, 2024 [1]       42,886,281            
Ending balance at Jun. 30, 2024 $ 45,098     $ 4 [1]     $ 213,949     $ (168,855)
[1]
(1) On July 6, 2023, all shares of the Company’s then outstanding Class B common stock were automatically converted into the same number of Class A common stock, pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation. No additional shares of Class B common stock will be issued following such conversion. See Note 15 for further details.