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EQUITY INCENTIVE PLAN (Tables) | 9 Months Ended
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Sep. 30, 2021
EQUITY INCENTIVE PLAN [Abstract] |
Stock Option Activity | A summary of the stock option activity under the 2013 Plan and the 2021 Plan is presented in the table below:
|  | Number of Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2020 |  |  | 7,369,541 |  |  | $ | 2.37 |  |  |  | 6.77 |  |  | $ | 4,094 |
Granted |  |  | 3,104,585 |  |  |  | 9.07 |  |  |  |  |  |  |  |  |
Exercised |  |  | (2,163,932 | ) |  |  | 2.03 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (184,017 | ) |  |  | 8.64 |  |  |  |  |  |  |  |  |
Outstanding at September 30, 2021 |  |  | 8,126,177 |  |  | $ | 4.88 |  |  |  | 7.59 |  |  | $ | 30,222 |
Options exercisable at September 30, 2021 |  |  | 4,371,817 |  |  |  | 2.61 |  |  |  | 6.21 |  |  | $ | 25,100 |
Vested and expected to vest at September 30, 2021 |  |  | 7,805,361 |  |  | $ | 4.78 |  |  |  | 7.53 |  |  | $ | 29,784 |
Restricted Stock Activity | A summary of the RSU activity under the 2013 Plan and the 2021 Plan is presented in the table below:
|  | Number of Shares Underlying RSUs |  |  | Weighted Average Grant- Date Fair Value |
Outstanding non-vested RSUs at December 31, 2020 |  |  | - |  |  | $ | - |
Granted |  |  | 4,861,315 |  |  |  | 8.03 |
Repurchased |  |  | - |  |  |  | - |
Restrictions lapsed |  |  | - |  |  |  | - |
Outstanding non-vested RSUs at September 30, 2021 |  |  | 4,861,315 |  |  | $ | 8.03 |
Stock-Based Compensation Expense | The Company’s stock-based compensation expense is allocated to the following operating expense categories as follows:
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Research and development |  | $ | 1,520 |  |  | $ | 355 |  |  | $ | 4,343 |  |  | $ | 1,217 |
General and administrative |  |  | 5,626 |  |  |  | 64 |  |  |  | 12,918 |  |  |  | 160 |
Sales and marketing |  |  | 250 |  |  |  | 74 |  |  |  | 579 |  |  |  | 224 |
Total stock-based compensation expense |  | $ | 7,396 |  |  | $ | 493 |  |  | $ | 17,840 |  |  | $ | 1,601 |

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- 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=122041274&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
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- 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
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