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STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS | 6 Months Ended
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Jun. 30, 2023
Equity [Abstract] |
STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS | NOTE 15: STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS Equity Incentive Plans On January 1, 2023, the number of shares of common stock authorized for issuance under the 2021 Incentive Award Plan (the “2021 Plan”) automatically increased by 6,728,221 shares pursuant to the terms of the 2021 Plan. Stock Options A summary of the Company's stock option activity with respect to options granted under the 2021 Plan is as follows:
|  | Number of Options |  | Weighted Average exercise price |  | Weighted remaining contractual term (years) |  | Aggregate Intrinsic Value
Outstanding as of January 1, 2023 |  | 25,988,465 |  | $ | 4.56 |  |  | 7.75 |  | $ | 6,285 |
Granted |  | — |  |  | $ | — |  |  |  |  |
Exercised |  | (629,976) |  |  | $ | 1.19 |  |  |  |  | $ | 451 |
Forfeited |  | (458,104) |  |  | $ | 3.82 |  |  |  |  |
Outstanding as of June 30, 2023 |  | 24,900,385 |  | $ | 4.66 |  |  | 6.59 |  | $ | 9,936 |
Exercisable options at end of the period |  | 17,226,948 |  | $ | 2.50 |  |  | 6.15 |  | $ | 9,936 |
RSUs The following table summarizes the RSU activity with respect to the 2021 Plan for the six months ended June 30, 2023:
|  | RSUs Outstanding |  | Weighted Average Grant Date Fair Value per Share
Outstanding as of December 31, 2022 |  | 7,469,000 |  | $2.72
RSUs granted |  | 9,885,034 |  | $2.06
RSUs vested |  | (2,599,073) |  | $2.48
RSUs forfeited |  | (634,807) |  | $2.81
Unvested and Outstanding as of June 30, 2023 |  | 14,120,154 |  | $2.30
Stock-Based Compensation Expense The stock-based compensation expense by line item in the accompanying consolidated statement of operations is summarized as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Cost of revenue |  | $ | 266 |  |  | $ | 359 |  |  | $ | 535 |  |  | $ | 771 |
Research and development |  | 1,131 |  |  | 1,111 |  |  | 2,272 |  |  | 2,139 |
Sales and marketing |  | 798 |  |  | 985 |  |  | 1,571 |  |  | 1,911 |
General and administrative |  | 5,227 |  |  | 3,604 |  |  | 10,205 |  |  | 6,906 |
Total expenses |  | $ | 7,422 |  |  | $ | 6,059 |  |  | $ | 14,583 |  |  | $ | 11,727 |
As of June 30, 2023, there were $44,546 of total unrecognized compensation cost related to non-vested stock-based compensation arrangements granted under the Company's equity incentive plans. These costs are expected to be recognized over a weighted-average period of approximately two years. Shares Reserved for Future Issuance The Company has the following common stock reserved for future issuance under the 2021 Plan:
|  | June 30, 2023
Outstanding options |  | 24,900,385 |
Outstanding RSUs |  | 14,120,154 |
Shares reserved under 2021 Plan |  | 3,428,360 |
Total |  | 42,448,899 |

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