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Stock-Based Compensation (Tables)

12 Months Ended

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 approximately $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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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 changes in outstanding nonvested restricted stock units.

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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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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.

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