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Stock-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2022
Share-based Payment Arrangement [Abstract] |
Summary of Stock-Based Compensation Expense | Included within cost of revenue, sales and marketing, and general and administrative expenses are total stock-based compensation expenses as follows:
| Three Months Ended March 31,
| 2022 |  | 2021
Cost of revenue | $ | 532 |  |  | $ | 114,348 |
Sales and marketing | 565 |  |  | 14,070 |
General and administrative | 1,491 |  |  | 472,657 |
Total stock based-compensation expense | $ | 2,588 |  |  | $ | 601,075 |
Total stock-based compensation expense for the three months ended March 31, 2022 includes expenses related to our 2021 Incentive Award Plan and our ESPP, while the total stock-based compensation expense for the three months ended March 31, 2021 includes the vesting of Class B units, the change in fair value of Class B liability awards and profits distributions to Class B unitholders as follows:
| Three Months Ended March 31,
| 2022 |  | 2021
2021 Incentive Award Plan | $ | 2,430 |  |  | $ | — |
Employee Stock Purchase Plan | 158 |  |  | — |
Vested Class B units and change in fair value of Class B liability awards | — |  |  | 595,424 |
Profits distributions to Class B unitholders | — |  |  | 5,651 |
Total stock-based compensation expense | $ | 2,588 |  |  | $ | 601,075 |
The amount of stock-based compensation expense related to the Class B Units included in each of the line items in the accompanying condensed consolidated statement of operations is as follows:
| Three Months Ended March 31,
| 2022 |  | 2021
Cost of revenue | $ | — |  |  | $ | 114,348 |
Sales and marketing | — |  |  | 14,070 |
General and administrative | — |  |  | 472,657 |
Total stock based-compensation expense | $ | — |  |  | $ | 601,075 |
Summary of Activities of RSUs | The activities of the RSUs and SARs and the related weighted average grant-date fair value of the respective share classes are summarized as follows, including granted, exercised and forfeited from January 1, 2022 to March 31, 2022.
|  |  | RSUs |  | SARs
|  |  | Units |  | Weighted-Average Grant Date Fair Value |  | Units |  | Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2022 |  |  | 2,334,490 |  |  | $ | 8.30 |  |  | 1,935,131 |  |  | $ | 4.05 |
Granted |  |  | — |  |  | — |  |  | — |  |  | — |
Exercised or vested |  |  | — |  |  | — |  |  | — |  |  | — |
Forfeited |  |  | (4,625) |  |  | 8.30 |  |  | (4,723) |  |  | 4.05 |
Expired |  |  | — |  |  | — |  |  | — |  |  | — |
Outstanding at March 31, 2022 |  |  | 2,329,865 |  |  | $ | 8.30 |  |  | 1,930,408 |  |  | $ | 4.05 |
Summary of Activities of SARs | The activities of the RSUs and SARs and the related weighted average grant-date fair value of the respective share classes are summarized as follows, including granted, exercised and forfeited from January 1, 2022 to March 31, 2022.
|  |  | RSUs |  | SARs
|  |  | Units |  | Weighted-Average Grant Date Fair Value |  | Units |  | Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2022 |  |  | 2,334,490 |  |  | $ | 8.30 |  |  | 1,935,131 |  |  | $ | 4.05 |
Granted |  |  | — |  |  | — |  |  | — |  |  | — |
Exercised or vested |  |  | — |  |  | — |  |  | — |  |  | — |
Forfeited |  |  | (4,625) |  |  | 8.30 |  |  | (4,723) |  |  | 4.05 |
Expired |  |  | — |  |  | — |  |  | — |  |  | — |
Outstanding at March 31, 2022 |  |  | 2,329,865 |  |  | $ | 8.30 |  |  | 1,930,408 |  |  | $ | 4.05 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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