Post-effective amendment to a registration statement that is not immediately effective upon filing

SHARE-BASED COMPENSATION (Tables)

v3.23.1
SHARE-BASED COMPENSATION (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Equity [Abstract]    
Schedule of common stock reserved for future issuance under employee stock plans  
       
Plans   Number of
Shares
 
Total awards available to be issued     2,742,509  
Total awards outstanding     12,079,924  
Total Common Stock reserved for future issuance under employee stock plans     14,822,433  
Schedule of summarizes share-based compensation expense
               
    Three Months Ended
March 31,
 
    2023     2022  
Research and development   $ 531     $ 966  
Sales and marketing     507       1,083  
General and administrative     894       4,474  
Cost of sales     7       41  
Total share-based compensation   $ 1,939     $ 6,564  
               
    December 31,  
    2022     2021  
Research and development   $ 3,554     $ 1,812  
Sales and marketing     3,491       1,925  
General and administrative     13,842       6,759  
Cost of sales     243       81  
Total share-based compensation   $ 21,130     $ 10,577  
Schedule of fair value of the stock options assumptions
               
  Post-
Combination
Warrants
  Private
Placement
Warrants
 
Assumptions:                
Stock price   $ 0.69     $ 0.69  
Exercise price   $ 12.50-17.50     $ 11.50  
Risk free rate     4.78 %     3.66 %
Expected volatility     101.1 %     84.20 %
Dividend yield     0.00 %     0.00 %
               
    Year Ended
December 31,
 
    2022     2021  
Weighted-average grant date price of our common stock (per share)   $ 2.21     $ 3.99  
Risk-free interest rate     4 %     1.19 %
Expected volatility     76 %     33.0 %
Expected term (in years)     5       5  
Expected dividend yield     - %     - %
Schedule of common stock options
                               
    Number of
Shares
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Life (Years)
    Weighted-
Average
Grant Date
Fair Value
 
Outstanding, December 31, 2022     7,812,178     $ 3.70       6.56     $ 2.23  
Forfeited     (31,523 )     2.26       -       1.46  
Expired     (14,421 )     5.40       -       2.86  
Outstanding, March 31, 2023(a)     7,766,234     $ 3.70       6.32     $ 1.98  
Exercisable, March 31, 2023(b)     4,870,164     $ 4.03       4.87     $ 2.12  

 

 
(a) There was no aggregate intrinsic value of all stock options outstanding as of March 31, 2023.
(b) There was no aggregate intrinsic value of all vested/exercisable stock options as of March 31, 2023.
                               
    Number of
Shares
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Life (Years)
    Weighted-
Average
Grant
Date Fair
Value
 
Outstanding, December 31, 2021     5,489,492     $ 4.23       6.05     $ 2.27  
Granted     2,686,337       2.81               2.21  
Forfeited     (65,634 )     4.50               2.52  
Expired     (298,017 )     5.26               2.82  
Outstanding, December 31, 2022(a)     7,812,178     $ 3.70       6.56     $ 2.23  
Exercisable, December 31, 2022(b)     4,525,905     $ 4.03       4.84     $ 2.13  

 

 
(a) There was no aggregate intrinsic value of all stock options outstanding as of December 31, 2022.
(b) There was no aggregate intrinsic value of all vested/exercisable stock options as of December 31, 2022.
Schedule of Unvested Restricted Stock Units
               
    Number of
RSUs
    Weighted
Average
Grant Date
Fair Value
 
Outstanding (nonvested), December 31, 2022     4,267,746     $ 3.58  
Released     (387,204 )     5.44  
Forfeited     (49,610 )     3.07  
Outstanding (nonvested), March 31, 2023     3,830,932     $ 3.41  
               
    Number of
Shares
    Weighted
Average
Grant Date
Fair Value
 
Outstanding (nonvested), December 31, 2021     351,831     $ 9.63  
Vested     (345,471 )     9.75  
Cancelled     (6,360 )     9.63  
Outstanding (nonvested), December 31, 2022     -     $ -  
Schedule of restricted stock units  
               
    Number of
RSUs
    Weighted
Average
Grant Date
Fair Value
 
Outstanding (nonvested), December 31, 2021     2,962,884     $ 8.60  
Granted     3,635,878       2.92  
Released     (2,108,735 )     9.17  
Forfeited     (222,281 )     6.50  
Outstanding (nonvested), December 31, 2022     4,267,746     $ 3.58