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STOCK-BASED COMPENSATION PLAN (Tables)

12 Months Ended

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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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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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.

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