Equity Based Awards (Tables)
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6 Months Ended |
12 Months Ended |
Jun. 30, 2021 |
Dec. 31, 2020 |
| Share-based Payment Arrangement [Abstract] |
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| Summary of Option activity under the plan for the year |
Option activity under the plan for the year to date period ending June 30, 2021 is as follows:
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Weighted-
Average
Exercise
Price
(Per
Share) |
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Weighted-
Average
Remaining
Contractual
Life
(in years) |
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Outstanding at December 31, 2020 |
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19,420,305 |
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$ |
1.72 |
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8.71 |
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(857,343 |
) |
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0.49 |
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(163,894 |
) |
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1.91 |
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Outstanding at June 30, 2021 |
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18,399,068 |
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$ |
1.78 |
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8.33 |
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Options exercisable at June 30, 2021 |
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5,648,643 |
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$ |
1.31 |
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7.07 |
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Option activity under the plan for the year ended December 31, 2020 is as follows:
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Weighted-Average
Exercise Price (Per Share) |
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Weighted-Average
Remaining Contractual Life (in years) |
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Outstanding at December 31, 2019 |
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13,162,473 |
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$ |
1.16 |
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7.51 |
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9,890,563 |
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2.06 |
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(2,231,540 |
) |
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0.42 |
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(1,401,191 |
) |
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1.08 |
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19,420,305 |
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$ |
1.72 |
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8.71 |
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Options exercisable at December |
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4,561,561 |
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0.37 |
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4.14 |
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Options exercisable at December |
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4,700,993 |
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$ |
0.98 |
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6.84 |
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| Summary of Additional information regarding the exercise of stock options |
Additional information regarding the exercise of stock options is as follows:
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Six Months Ended
June 30, |
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(in thousands, except weighted average) |
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Weighted-average grant date fair value of options
granted |
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$ |
— |
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$ |
1.01 |
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Intrinsic value of options exercised |
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6,450 |
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2,017 |
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Additional information regarding the exercise of stock options is as follows:
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(in thousands, except weighted average) |
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Weighted-average grant date fair value of options granted |
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$ |
1.28 |
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$ |
0.92 |
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Intrinsic value of options exercised |
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4,455 |
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3,909 |
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| Summary of calculated via the Black-Scholes option pricing model |
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Six Months
Ended
June 30, 2020 |
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Expected option term (in years) |
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6.06 |
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52.2 |
% |
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1.50 |
% |
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0 |
% |
Fair value of common stock (per share) |
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$ |
1.01 |
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Expected option term (in years) |
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5.86 |
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6.07 |
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53.1 |
% |
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52.6 |
% |
| |
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0.56 |
% |
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1.89 |
% |
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— |
% |
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— |
% |
Fair value of common stock (per share) |
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$ |
2.36 |
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$ |
1.81 |
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| Summary of consolidated statements of operations and comprehensive loss |
During the three and six months ended June 30, 2021 and 2020, the Company recognized the following stock-based compensation expense in the following captions within the condensed consolidated statements of operations and comprehensive loss:
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Three Months
Ended June 30, |
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Six Months Ended
June 30, |
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$ |
62 |
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$ |
124 |
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$ |
89 |
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$ |
258 |
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|
394 |
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171 |
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|
725 |
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|
225 |
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237 |
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135 |
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320 |
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227 |
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General and administrative |
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1,084 |
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73 |
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1,837 |
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297 |
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Total stock-based compensation expense |
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$ |
1,777 |
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$ |
503 |
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$ |
2,971 |
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$ |
1,007 |
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The Company recorded compensation expense for the stock options of $2.6 million and $0.9 million for the years ended December 31, 2020 and 2019, respectively, which was recognized in the following captions within the consolidated statements of operations and comprehensive loss:
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$ |
589 |
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$ |
186 |
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693 |
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|
307 |
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578 |
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262 |
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General and administrative |
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709 |
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103 |
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Total stock-based compensation expense |
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$ |
2,569 |
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$ |
858 |
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| Summary of restricted stock units activity |
The following table summarizes the restricted stock unit activity for the period ending June 30, 2021:
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Weighted-
Average
Grant Date Fair Value
(Per
Share) |
|
Outstanding at December 31, 2020 |
|
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— |
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$ |
— |
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1,494,250 |
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8.17 |
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— |
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— |
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(4,000 |
) |
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8.01 |
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Unvested at June 30, 2021 |
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1,490,250 |
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$ |
8.17 |
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| Summary of stock based compensation based on the awards granted |
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Three Months
Ended June 30, |
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Six Months Ended
June 30, |
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$ |
1,188 |
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$ |
503 |
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$ |
2,382 |
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$ |
1,007 |
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|
589 |
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— |
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|
589 |
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— |
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Total stock-based compensation expense |
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$ |
1,777 |
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$ |
503 |
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$ |
2,971 |
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$ |
1,007 |
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