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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

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, 2022 and 2021 (in thousands):

			2022						2021
Research and development			$	2,856					$	2,233
Sales and marketing			456						213
General and administrative			8,577						5,476
Total stock-based compensation			$	11,889					$	7,922

Schedule of Share-based Payment Arrangement, Option, Activity

Stock option and RSU activity, prices, and values during the years ended December 31, 2022 and 2021 are as follows (in thousands, except for share, per share, and contractual term data):

			Options Outstanding																								RSUs
			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 at December 31, 2020			5,732,422						$	0.30					8.23						$	4,333					—						$	—
Options and RSUs granted			1,454,549						1.75																		3,392,153						10.69
Options exercised and RSUs released			(2,496,070)						0.27																		—						—
Options and RSUs 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 and RSUs granted			65,717						8.00																		5,602,206						4.68
Options exercised and RSUs released			(529,832)						4.28																		(1,526,784)						8.02
Options and RSUs forfeited			(109,306)						2.53																		(1,120,620)						10.46
Balances as of December 31, 2022			3,223,109						$	1.01					7.39						$	4,583					6,346,955						$	6.10
Options vested and exercisable - December 31, 2021			1,827,374						$	0.31					7.20						$	20,337
Options vested and exercisable - December 31, 2022			1,947,123						$	0.76					7.06						$	3,244

Schedule of Share-based Payment Arrangement, Restricted Stock Unit, Activity

Stock option and RSU activity, prices, and values during the years ended December 31, 2022 and 2021 are as follows (in thousands, except for share, per share, and contractual term data):

			Options Outstanding																								RSUs
			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 at December 31, 2020			5,732,422						$	0.30					8.23						$	4,333					—						$	—
Options and RSUs granted			1,454,549						1.75																		3,392,153						10.69
Options exercised and RSUs released			(2,496,070)						0.27																		—						—
Options and RSUs 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 and RSUs granted			65,717						8.00																		5,602,206						4.68
Options exercised and RSUs released			(529,832)						4.28																		(1,526,784)						8.02
Options and RSUs forfeited			(109,306)						2.53																		(1,120,620)						10.46
Balances as of December 31, 2022			3,223,109						$	1.01					7.39						$	4,583					6,346,955						$	6.10
Options vested and exercisable - December 31, 2021			1,827,374						$	0.31					7.20						$	20,337
Options vested and exercisable - December 31, 2022			1,947,123						$	0.76					7.06						$	3,244

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:

			2022						2021
Risk-free rate			1.64		%				1.01		%
Expected volatility			73.95		%				75.14		%
Expected term			6 years						6 years
Expected dividends			—						—

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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 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.

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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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