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EQUITY INCENTIVE PLAN (Tables) | 3 Months Ended
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Mar. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Summary of Stock Option Activity | The following table summarizes the changes in the Company’s outstanding stock options for the three months ended March 31, 2023:
|  | Number of Options |
Outstanding at January 1, 2023 |  |  | 10,719,564 |
Granted(1) |  |  | 3,077,411 |
Exercised |  |  | (54,211 | )
Forfeited |  |  | (444,776 | )
Outstanding at March 31, 2023 |  |  | 13,297,988 |
_________________________ (1) Includes inducement stock options to purchase 1,000,000 shares of common stock granted to the Company’s Chief Administrative Officer and Chief Financial Officer outside of the Hyperfine Plan and in accordance with Nasdaq Listing Rule 5635(c)(4).
Summary of Restricted Stock Unit Activity | The following table summarizes the changes in the Company’s outstanding RSUs for the three months ended March 31, 2023:
|  | Number of RSUs |
Outstanding at January 1, 2023 |  |  | 1,585,359 |
Granted |  |  | 26,500 |
Vested |  |  | (324,296 | )
Forfeited |  |  | (135,967 | )
Outstanding at March 31, 2023 |  |  | 1,151,596 |
Summary of Stock-Based Compensation Expenses by Function | The following table presents details of s tock-based compensation expenses by functional line item noted within the Company's operating expenses:
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Cost of sales |  | $ | 23 |  |  | $ | 16 |
Research and development |  |  | 206 |  |  |  | 781 |
Sales and marketing |  |  | 38 |  |  |  | 96 |
General and administrative |  |  | 859 |  |  |  | 3,218 |
|  | $ | 1,126 |  |  | $ | 4,111 |

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