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Redeemable Convertible Preferred Stock Warrants (Tables)
9 Months Ended
Sep. 30, 2021
2019 Warrants  
Class Of Warrant Or Right [Line Items]  
Schedule of Fair Value of Warrants Calculated Using Black-Scholes Model The fair value of the 2019 Warrants was calculated using the Black-Scholes option-pricing model with the following assumptions:

 

 

 

July 19,

 

December 31,

 

 

2021 (1)

 

2020

Expected term (in years)

 

0.04

 

8.1 – 8.5

Expected volatility

 

37.90%

 

42.18% – 42.63%

Risk-free interest rate

 

0.05%

 

2.33% – 2.49%

Dividend yield

 

 

(1) Date the Company's registration statement (Form S-1) was declared effective

2020 Warrants  
Class Of Warrant Or Right [Line Items]  
Schedule of Fair Value of Warrants Calculated Using Black-Scholes Model

The fair value of the redeemable convertible preferred stock warrants was determined using the following assumption:

 

 

 

July 19,

 

December 31,

 

 

2021 (1)

 

2020

Term (in years)

 

0.04

 

0.58 – 2.58

Expected volatility

 

37.90%

 

55.9% - 65.6%

Risk-free interest rate

 

0.05%

 

0.08% - 0.18%

(1) Date the Company's registration statement (Form S-1) was declared effective