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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2021
Share-based Payment Arrangement [Abstract] |
Share-based Payment Arrangement, Expensed and Capitalized, Amount | The share-based compensation expense recognized in the Company’s consolidated statements of operations are as follow:
| December 31, 2021 |  | December 31, 2020 |  | December 31, 2019
Cost of sales | $ | 437 |  |  | $ | — |  |  | $ | — |
Research and development | 208,935 |  |  | 21,419 |  |  | 3,793 |
Selling, general and administrative | 238,705 |  |  | 31,344 |  |  | 3,253 |
| $ | 448,077 |  |  | $ | 52,763 |  |  | $ | 7,046 |
Share-based Payment Arrangement, Option, Activity | A summary of option balances under the 2021 and 2011 Share Incentive Plan as of December 31, 2021, and changes during the year then ended are as follows:
| Number of options (1) |  | Weighted-average exercise price (1) |  | Weighted-average remaining contractual term (in years) |  | Aggregate intrinsic value (in thousands) (2)
Outstanding at January 1, 2020 | 48,686,115 |  |  | $ | 0.19 |  |  | 8.57 |  | $ | 104,634 |
Granted | 28,040,518 |  |  | $ | 0.73 |  |  |  |  |
Exercised | (5,198,548) |  |  | $ | 0.04 |  |  |  |  |
Forfeited | (141,519) |  |  | $ | 0.05 |  |  |  |  |
Cancelled | — |  |  | $ | — |  |  |  |  |
Outstanding at December 31, 2020 | 71,386,566 |  |  | $ | 0.41 |  |  | 8.39 |  | $ | 360,631 |
Granted | 46,297,737 |  |  | $ | 0.01 |  |  |  |  |
Exercised | (3,715,925) |  |  | $ | 0.22 |  |  |  |  |
Forfeited | (681,312) |  |  | $ | 0.50 |  |  |  |  |
Cancelled | — |  |  | $ | — |  |  |  |  |
Outstanding at December 31, 2021 | 113,287,066 |  |  | $ | 0.20 |  |  | 8.28 |  | $ | 605,788 |
Exercisable at December 31, 2021 | 100,391,350 |  |  | $ | 0.17 |  |  | 8.22 |  | $ | 539,762 |
(1)Results have been retroactively adjusted to reflect the 1:26.7017 stock split and the changes in par value from 0.01 NIS to no par value effected on July 22, 2021. See Note 7, for details. (2) Intrinsic value is calculated as the difference between the fair value of REE’s Class A ordinary shares as of the end of each reporting period and the exercise price of the option.
Share-based Payment Arrangement, Option, Exercise Price Range | The following tables summarize information about the Company's outstanding and exercisable options granted to employees as of December 31, 2021:
|  | Outstanding Options |  | Exercisable Options
Range of exercise prices |  | Number of outstanding options |  | Weighted-average remaining contractual term (in years) |  | Weighted-average exercise price |  | Number of exercisable options |  | Weighted-average remaining contractual term (in years) |  | Weighted-average exercise price
$0.00 - $0.02 |  | 58,945,159 |  |  | 4.82 |  | $0.00 |  | 52,555,526 |  |  | 4.84 |  | $0.00
$0.02 - $0.05 |  | 23,664,317 |  |  | 1.36 |  | $0.01 |  | 23,146,974 |  |  | 1.50 |  | $0.01
$0.05 - $0.10 |  | 854,454 |  |  | 0.05 |  | $0.00 |  | 674,217 |  |  | 0.04 |  | $0.00
$0.10 - $1.00 |  | 25,867,252 |  |  | 1.76 |  | $0.10 |  | 21,424,617 |  |  | 1.62 |  | $0.10
$1.00 - $9.74 |  | 3,955,884 |  |  | 0.29 |  | $0.09 |  | 2,590,016 |  |  | 0.22 |  | $0.07
Total |  | 113,287,066 |  |  | 8.28 |  | $0.20 |  | 100,391,350 |  |  | 8.22 |  | $0.17
Share-based Payment Arrangement, Restricted Stock Unit, Activity | Restricted share units activity The following table summarizes restricted share units activity:
| Number of restricted share units outstanding |  | Weighted-average ordinary fair value per share at grant date
Outstanding at January 1, 2021 | — |  |  | $ | — |
Granted | 492,782 |  |  | 4.35
Vested | — |  |  | — |
Forfeited | — |  |  | — |
Expired | — |  |  | — |
Outstanding at December 31, 2021 | 492,782 |  |  | $ | 4.35 |
Exercisable at December 31, 2021 | — |  |  |

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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + 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 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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