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STOCK-BASED COMPENSATION PLAN (Tables) | 12 Months Ended
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Dec. 31, 2021
Share-based Payment Arrangement [Abstract] |
Schedule of Share-based Payment Arrangement, Option, Activity | Stock option and RSU activity, prices, and values adjusted by the Per Share Consideration, during the year ended December 31, 2021 is as follows (in thousands, except for share, per share, and contractual term data):
| Options Outstanding |  | Restricted Stock Units
| Number of shares |  | Weighted average exercise price |  | Weighted average remaining contractual term (years) |  | Aggregate intrinsic values ($'000s) |  | Number of plan shares outstanding |  | Weighted average grant date fair value per Share
Balances as of December 31, 2019 | 2,104,223 |  |  | $ | 0.37 |  |  | 7.82 |  | $ | 821 |  |  |  |  |
Recapitalization Impact | 995,215 |  |  | (0.12) |  |  |  |  |  |  |  |  |
Balances at December 31, 2019 | 3,099,438 |  |  | $ | 0.25 |  |  | 7.82 |  | 821 |  |  |  |  |
Granted | 3,271,856 |  |  | 0.33 |  |  |  |  |  |  |  |  |
Exercised | (108,999) |  |  | 0.06 |  |  |  |  |  |  |  |  |
Forfeited | (529,873) |  |  | 0.29 |  |  |  |  |  |  |  |  |
Balances as of December 31, 2020 | 5,732,422 |  |  | $ | 0.30 |  |  | 8.23 |  | 4,333 |  |  |  |  |
Granted | 1,454,549 |  |  | 1.75 |  |  |  |  |  |  | 3,392,153 |  |  | $ | 10.69 |
Exercised | (2,496,070) |  |  | 0.27 |  |  |  |  |  |  |  |  |
Forfeited | (894,371) |  |  | 0.46 |  |  |  |  |  |  |  |  |
Balances as of December 31, 2021 | 3,796,530 |  |  | $ | 0.83 |  |  | 8.08 |  | 40,274 |  |  | 3,392,153 |  |  | 10.69 |
Options vested and exercisable - December 31, 2020 | 2,825,238 |  |  | $ | 0.26 |  |  | 7.21 |  | 2,215 |  |  |  |  |
Options vested and exercisable - December 31, 2021 | 1,827,374 |  |  | $ | 0.31 |  |  | 7.20 |  | 20,337 |  |  |  |  |
Schedule of Share-based Payment Arrangement, Restricted Stock Unit, Activity | Stock option and RSU activity, prices, and values adjusted by the Per Share Consideration, during the year ended December 31, 2021 is as follows (in thousands, except for share, per share, and contractual term data):
| Options Outstanding |  | Restricted Stock Units
| Number of shares |  | Weighted average exercise price |  | Weighted average remaining contractual term (years) |  | Aggregate intrinsic values ($'000s) |  | Number of plan shares outstanding |  | Weighted average grant date fair value per Share
Balances as of December 31, 2019 | 2,104,223 |  |  | $ | 0.37 |  |  | 7.82 |  | $ | 821 |  |  |  |  |
Recapitalization Impact | 995,215 |  |  | (0.12) |  |  |  |  |  |  |  |  |
Balances at December 31, 2019 | 3,099,438 |  |  | $ | 0.25 |  |  | 7.82 |  | 821 |  |  |  |  |
Granted | 3,271,856 |  |  | 0.33 |  |  |  |  |  |  |  |  |
Exercised | (108,999) |  |  | 0.06 |  |  |  |  |  |  |  |  |
Forfeited | (529,873) |  |  | 0.29 |  |  |  |  |  |  |  |  |
Balances as of December 31, 2020 | 5,732,422 |  |  | $ | 0.30 |  |  | 8.23 |  | 4,333 |  |  |  |  |
Granted | 1,454,549 |  |  | 1.75 |  |  |  |  |  |  | 3,392,153 |  |  | $ | 10.69 |
Exercised | (2,496,070) |  |  | 0.27 |  |  |  |  |  |  |  |  |
Forfeited | (894,371) |  |  | 0.46 |  |  |  |  |  |  |  |  |
Balances as of December 31, 2021 | 3,796,530 |  |  | $ | 0.83 |  |  | 8.08 |  | 40,274 |  |  | 3,392,153 |  |  | 10.69 |
Options vested and exercisable - December 31, 2020 | 2,825,238 |  |  | $ | 0.26 |  |  | 7.21 |  | 2,215 |  |  |  |  |
Options vested and exercisable - December 31, 2021 | 1,827,374 |  |  | $ | 0.31 |  |  | 7.20 |  | 20,337 |  |  |  |  |
Schedule of Valuation Assumptions | In accordance with ASC 718, the fair value of each option grant has been estimated as of the date of grant using the following weighted average assumptions:
| 2021 |  | 2020
Risk-free rate | 1.01 | % |  | 0.93 | %
Expected dividends | — |  |  | — |
Expected term | 6 years |  | 6 years
Expected volatility | 75.14 | % |  | 71.06 | %
Schedule of Stock-Based Compensation | The following table presents the amount of stock-based compensation related to stock-based awards to employees on the Company’s consolidated statements of operations and comprehensive loss during the years ended December 31, 2021 and 2020 (in thousands):
| 2021 |  | 2020
Research and development | $ | 2,233 |  |  | $ | 79 |
Sales and marketing | 213 |  |  | 47 |
General and administrative | 5,476 |  |  | 184 |
Total stock-based compensation | $ | 7,922 |  |  | $ | 310 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + 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 (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: 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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