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Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Share Option Plan
The following is a summary of the status of the Company’s share option plan as of December 31, 2021, as well as changes during the years:
 
    
December 31, 2021
 
    
Number of
Options
    
Weighted-
Average
Exercise price
 
Options outstanding at the beginning of the year
     15,955,892      $ 0.71  
Granted during the year
     1,662,897      $ 0.90  
Exercised during the year
     (1,722,880    $ 0.72  
Forfeited during the year
     (446,396    $ 0.84  
    
 
 
          
Outstanding at the end of the year
     15,449,513      $ 0.73  
    
 
 
          
Options exercisable at
year-end
     11,449,733      $ 0.68  
    
 
 
          
Summary of Share Options Outstanding
The following table summarizes information about share options outstanding as of December 31, 2021:
 
Outstanding as of December 31, 2021
    
Exercisable as of December 31, 2021
 
Range of
exercise
prices
  
Number
outstanding
    
Weighted
average
remaining
contractual
term
    
Weighted
average
exercise
price
    
Aggregate
intrinsic value
(U.S. dollars
in thousands)
    
Number
Exercisable
    
Weighted
average
remaining
contractual
term
    
Weighted
Average
exercise
price
    
Aggregate
intrinsic
value (U.S.
dollars in
thousands)
 
$0.15-$0.86
     15,403,350        6.12      $ 0.72        107,517        11,416,017        5.29      $ 0.67        80,243  
$1.87      5,963        9.03      $ 1.87        35        —          —          —          —    
$2.10      33,126        2.69      $ 2.10        186        33,126        2.69      $ 2.10        186  
$9.07      7,074        9.95      $ 9.07        —          590        9.95      $ 9.07        —    
Summary of Options Granted Estimate the Fair Value of Stock-Based Compensation Award
The following assumptions were used for options granted during the year in order to estimate the fair value of stock-based compensation awards:
 
    
2021
   
2020
 
Expected term
    
6-10
     
6-10
 
Expected volatility
    
46.71%-50.7%
      48.15
Expected dividend rate
     0     0
Risk-free rate
    
0.61%-1.74
   
0.42%-1.69
Summary of Stock Options Expenses
The following table presents the classification of the stock options expenses for the periods indicated:
 
    
Year Ended December 31
 
    
2021
    
2020
    
2019
 
    
 
 
    
 
 
    
 
 
 
    
U.S. dollars in thousands
 
Cost of revenue
     158        178        180  
Research and development
     1,684        1,267        1,266  
Selling, general and administrative
     7,981        3,884        1,418  
    
 
 
    
 
 
    
 
 
 
Total stock-based compensation -Stock Options
  
 
9,823
 
  
 
5,329
 
  
 
2,864
 
    
 
 
    
 
 
    
 
 
 
Summary of the RSU's
The following is a summary of the status of the Company’s RSU’s as of December 31, 2021, as well as changes during the year:
 
    
December 31, 2021
    
Number of
RSUs
    
Weighted-
Average Grant
Date Fair Value
RSUs outstanding at the beginning of the year
     —        —  
Granted during the year
     133,384      $7.89
Exercised during the year
     —        —  
Forfeited during the year
     —        —  
    
 
 
      
Outstanding at the end of the year
     133,384      $7.89
    
 
 
      
RSUs exercisable at
year-end
     616      $7.89
    
 
 
      
Summary of Share-based Payment Arrangement, Restricted Stock Units Exercise Price Range
 
Outstanding as of December 31, 2021
    
Exercisable as of December 31, 2021
 
Range of
exercise
prices
    
Number
outstanding
    
Weighted
average
remaining
contractual
term
    
Weighted
average
exercise
price
    
Aggregate
intrinsic value
(U.S. dollars
in thousands)
    
Number
Exercisable
    
Weighted
average
remaining
contractual
term
    
Weighted
Average
exercise
price
    
Aggregate
intrinsic
value (U.S.
dollars in
thousands)
 
$ 7.89        133,384        9.96      $ 7.89      $ 76        616        9.96      $ 7.89        ( *) 
(*)   Less than $1 thousand
Summary of Classification of RSU's Expenses
The following table presents the classification of RSU’s expenses for the periods indicated:
 
    
Year Ended December 31
 
    
2021
    
2020
    
2019
 
    
 
 
    
 
 
    
 
 
 
    
U.S. dollars in thousands
 
Cost of revenue
     6        —          —    
Research and development
     22        —          —    
Selling, general and administrative
     18        —          —    
    
 
 
    
 
 
    
 
 
 
Total stock-based compensation-RSUs
  
 
46
 
  
 
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