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EQUITY INCENTIVE PLAN (Tables) | 3 Months Ended
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Mar. 31, 2024
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, 2024:
|  | Number of Options |
Outstanding at January 1, 2024 |  |  | 14,271,587 |
Granted (1) |  |  | 4,461,083 |
Exercised |  |  | (70,670 | )
Forfeited / Cancelled / Expired |  |  | (181,006 | )
Outstanding at March 31, 2024 |  |  | 18,480,994 |
_____________________________________________ (1) Includes employee new hire grants of stock options to purchase 91,100 shares of the Company's Class A common stock. Also includes annual employee grants of stock options and special employee grants of stock options to purchase 1,934,983 shares of the Company's Class A common stock, and grants to executive officers of stock options to purchase 2,435,000 shares of the Company's Class A common stock. The grants will vest 25% on the first anniversary date of the grant with the remainder vesting equally over the remaining 36 months, subject to the employee’s continued service to the Company through the applicable vesting dates.
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, 2024:
|  | Number of RSUs |
Outstanding at January 1, 2024 |  |  | 369,026 |
Granted |  |  | — |
Vested |  |  | (41,036 | )
Forfeited |  |  | (13,747 | )
Outstanding at March 31, 2024 |  |  | 314,243 |
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, |
|  | 2024 |  |  | 2023 |
Cost of sales |  | $ | 24 |  |  | $ | 23 |
Research and development |  |  | 337 |  |  |  | 206 |
Sales and marketing |  |  | 39 |  |  |  | 38 |
General and administrative |  |  | 632 |  |  |  | 859 |
|  | $ | 1,032 |  |  | $ | 1,126 |

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