XML 102 R81.htm IDEA: XBRL DOCUMENT v3.21.1

Equity Incentive Plan (Tables) - BFLY Operations Inc

12 Months Ended

Dec. 31, 2020

Summary of the stock option activity

A summary of the stock option activity under the Plan is presented in the table below:

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
		Number of		Exercise		Contractual		Intrinsic
		Options		Price		Term		Value
Outstanding at January 1, 2019		13,673,551		2.10		7.74		30,252
Granted		1,785,056		4.31
Exercised		(171,730)		1.89
Forfeited		(594,544)		2.68
Outstanding at December 31, 2019		14,692,333		2.35		6.94		47,820
Granted		13,957,917		5.77
Exercised		(629,241)		3.19
Forfeited		(2,297,410)		2.60
Outstanding at December 31, 2020		25,723,599		4.18		7.06		143,338
Options exercisable at December 31, 2019		9,788,082		1.90		6.39		36,207
Options exercisable at December 31, 2020		11,126,920		2.38		6.01		82,033
Vested and expected to vest at December 31, 2019		13,559,748		2.27		6.85		45,138
Vested and expected to vest at December 31, 2020		22,320,862		3.97		6.94		129,047

Schedule of assumptions used to value option grants to employees and non-employees

The assumptions used to value option grants to employees were as follows:

		2020		2019
Risk free interest rate		0.4% – 1.7%		2.3% – 2.5%
Expected dividend yield		0%		0%
Expected term		5.9 years – 6.3 years		6 years – 6.1 years
Expected volatility		50%		50%

The assumptions used to value option grants to non-employees were as follows:

		2020		2019
Risk free interest rate		0.4% – 1.7%		1.5% – 2.7%
Expected dividend yield		0%		0%
Expected term		1.1 years – 6.1 years		8.1 years to 10 years
Expected volatility		50%		50%

Schedule of stock-based compensation expense

The Company’s stock-based compensation expense for the periods presented was as follows (in thousands):

		2020			2019
Cost of revenue – Subscription		$	697		$	15
Research and development			3,869			3,693
Sales and marketing			2,591			1,041
General and administrative			3,847			1,289
Total stock-based compensation expense		$	11,004		$	6,038

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.F)
-URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	dei_LegalEntityAxis=bfly_BflyOperationsIncMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: