STOCK-BASED COMPENSATION (Tables)
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6 Months Ended |
Jun. 30, 2022 |
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| Share-based Payment Arrangement [Abstract] |
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| Disclosure of Share-based Compensation Arrangements by Share-based Payment Award |
The following table contains information about the Company's equity incentive plans as of June 30, 2022:
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Awards Reserved for Issuance |
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Awards Exercised |
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Awards Outstanding |
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Awards Available for Grant |
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| 2016 Equity Incentive Plan |
999,906 |
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— |
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499,953 |
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499,953 |
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| 2018 Equity Incentive Plan |
30,988,982 |
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4,022,133 |
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14,009,842 |
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12,957,007 |
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| 2019 Equity Incentive Plan |
109,990,468 |
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34,884 |
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73,014,714 |
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36,940,870 |
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| Share-based Payment Arrangement, Option, Activity |
The following table summarizes the Company’s stock option activity and related information for the six months ended June 30, 2022:
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Number of
Shares
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Weighted-
Average Exercise
Price Per Share |
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Weighted-
Average
Remaining
Contractual
Life |
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Aggregate
Intrinsic
Value of
In-the-Money
Options |
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| Options outstanding as of January 1, 2022 |
88,251,380 |
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$ |
0.20 |
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| Granted |
400,000 |
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— |
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| Exercised |
(146,212) |
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$ |
0.08 |
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| Forfeited |
(223,791) |
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$ |
0.15 |
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| Expired |
(154,762) |
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$ |
0.34 |
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Options outstanding as of June 30, 2022 |
88,126,615 |
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$ |
0.20 |
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8.3 years |
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$ |
33 |
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Options exercisable as of June 30, 2022 |
50,718,424 |
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$ |
0.24 |
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7.4 years |
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$ |
50 |
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| Share-based Payment Arrangement, Activity |
The following table sets forth the total stock-based compensation expense resulting from stock options and restricted grants of common stock to employees, directors and non-employee consultants in the consolidated statement of operations which are included in selling, general and administrative expenses:
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(in thousands except for shares / options) |
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For the Three Months Ended |
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June 30, 2022 |
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June 30, 2021 |
| Type of Award |
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Number of
Shares or
Options
Granted |
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Stock-Based
Compensation
Expense |
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Number of
Shares or
Options
Granted |
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Stock-Based
Compensation
Expense |
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| Stock options |
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400,000 |
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$ |
1,352 |
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5,409,716 |
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$ |
641 |
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| Stock grants: |
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| Employees (common stock) |
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1,200,000 |
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$ |
170 |
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250,000 |
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68 |
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| Directors (common stock) |
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259,796 |
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$ |
29 |
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343,493 |
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94 |
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| Non–employee consultants (common stock) |
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725,000 |
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$ |
129 |
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— |
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— |
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| Total stock–based compensation expense |
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$ |
1,680
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$ |
803
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(in thousands except for shares / options) |
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For the Six Months Ended |
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June 30, 2022 |
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June 30, 2021 |
| Type of Award |
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Number of
Shares or
Options
Granted |
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Stock-Based
Compensation
Expense |
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Number of
Shares or
Options
Granted |
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Stock-Based
Compensation
Expense |
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| Stock options |
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400,000 |
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$ |
3,174 |
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5,909,716 |
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$ |
885 |
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| Stock grants: |
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| Employees (common stock) |
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2,100,000 |
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$ |
352 |
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250,000 |
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67 |
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| Directors (common stock) |
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943,128 |
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$ |
213 |
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885,159 |
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214 |
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| Non–employee consultants (common stock) |
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725,000 |
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$ |
129 |
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332,947 |
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32 |
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| Total stock–based compensation expense |
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$ |
3,868
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$ |
1,198
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