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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2021
Share-based Payment Arrangement [Abstract] |
Stock option activity | Stock option activity for the year ended December 31, 2021 consisted of the following:
| Options |  | Weighted Average Fair Value |  | Weighted Average Exercise Price |  | Weighted Average Remaining Years |  | Intrinsic Value
December 31, 2020 — Options outstanding | 2,671,738 |  |  | $ | 0.01 |  |  | $ | 0.02 |  |  | 9.24 |  | $ | 27,000 |
Granted | — |  |  | — |  |  | — |  |  |  |  |
Exercised | 561,413 |  |  | 0.02 |  |  | 0.02 |  |  |  |  |
Forfeited | 271,566 |  |  | 0.03 |  |  | 0.04 |  |  |  |  |
December 31, 2021 — Options outstanding | 1,838,759 |  |  | $ | 0.02 |  |  | $ | 0.02 |  |  | 8.22 |  | $ | 5,756,797 |
December 31, 2021 — Options vested and exercisable | 482,868 |  |  | $ | 0.02 |  |  | $ | 0.02 |  |  | 7.99 |  | $ | 1,511,159 |
Assumptions utilized to record compensation expense | Assumptions utilized by the Company to record compensation expense during the year ended December 31, 2020 consisted of the following:
|  | December 31, 2020
Expected dividend yield |  | 0%
Stock price volatility |  | 55% – 80%
Expected term |  | 6 to 7 years
Risk-free interest rate |  | 0.60% – 3.06%
Grant-date fair value |  | $0.02 – $0.05
Restricted Stock Units (RSUs) Activity | RSU activity for the year ended December 31, 2021 consisted of the following:
| RSU’s |  | Weighted Average Grant Date Fair Value |  | Weighted Average Fair Value
December 31, 2020 — RSU outstanding | — |  |  | — |  |  | $ | — |
Granted | 2,150,923 |  |  | 3.56 |  |  | 7,652,927 |
Vested | 285,603 |  |  | 3.31 |  |  | 944,579 |
Forfeited | 20,500 |  |  | 3.31 |  |  | 64,130 |
December 31, 2021 — RSU outstanding | 1,844,820 |  |  | 3.60 |  |  | $ | 5,811,183 |
Schedule of recognized stock-based compensation expense in the consolidated statements of operations and comprehensive income (loss) | The Company recognized stock-based compensation expense in the consolidated statements of operations and comprehensive income (loss) for the years ended December 31, 2021 and 2020 totaling approximate ly $1.7 million and $15,000, respectively, which consisted of the following (in thousands):
|  | December 31, 2021 |  | December 31, 2020
Research and development |  | $ | 361 |  |  | $ | — |
Sales and marketing |  | 108 |  |  | — |
General and administrative |  | 1,189 |  |  | 15 |
Total |  | $ | 1,658 |  |  | $ | 15 |

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- Definition 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. + 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 (h)(1) -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 S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + 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)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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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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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + 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 (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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