STOCKBASED COMPENSATION (Tables)
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6 Months Ended |
12 Months Ended |
Jun. 30, 2023 |
Dec. 31, 2022 |
| STOCK BASED COMPENSATION |
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| Disclosure of share-based compensation arrangements by share-based payment award |
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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 |
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|
497,776 |
|
|
|
- |
|
|
|
248,888 |
|
|
|
248,888 |
|
2018 Equity Incentive Plan |
|
|
17,364,171 |
|
|
|
4,022,133 |
|
|
|
6,754,353 |
|
|
|
6,587,685 |
|
2019 Equity Incentive Plan |
|
|
24,062,129 |
|
|
|
34,884 |
|
|
|
14,027,519 |
|
|
|
9,999,726 |
|
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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 |
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|
999,906 |
|
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|
— |
|
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|
499,953 |
|
|
|
499,953 |
|
2018 Equity Incentive Plan |
|
|
29,920,933 |
|
|
|
4,022,133 |
|
|
|
13,326,509 |
|
|
|
12,572,291 |
|
2019 Equity Incentive Plan |
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|
61,109,696 |
|
|
|
34,884 |
|
|
|
37,617,531 |
|
|
|
23,457,281 |
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| Share-based payment arrangement, activity |
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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, 2023 |
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|
June 30, 2022 |
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Type of Award |
|
Number of
Shares or
Options
Granted
|
|
|
Stock-Based
Compensation
Expense
|
|
|
Number of
Shares or
Options
Granted
|
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|
Stock-Based
Compensation
Expense
|
|
|
|
|
|
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Stock Options |
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- |
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|
$ |
89 |
|
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|
400,000 |
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|
$ |
1,352 |
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|
|
|
|
|
|
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Stock Grants: |
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|
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Employees (Common Stock) |
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- |
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- |
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1,200,000 |
|
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|
170 |
|
Directors (Common Stock) |
|
|
- |
|
|
|
- |
|
|
|
259,796 |
|
|
|
29 |
|
Non-Employee Consultants (Common Stock) |
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|
79,997,091 |
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|
|
1,553 |
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|
725,000 |
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|
129 |
|
|
|
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|
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|
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|
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Total Stock-Based Compensation Expense |
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$ |
1,642 |
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|
|
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$ |
1,680 |
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|
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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, 2023 |
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|
June 30, 2022 |
|
Type of Award |
|
Number of
Shares or
Options
Granted
|
|
|
Stock-Based
Compensation
Expense
|
|
|
Number of
Shares or
Options
Granted
|
|
|
Stock-Based
Compensation
Expense
|
|
|
|
|
|
|
|
|
|
|
|
|
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Stock Options |
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|
- |
|
|
$ |
187 |
|
|
|
400,000 |
|
|
$ |
3,174 |
|
|
|
|
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|
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Stock Grants: |
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|
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Employees (Common Stock) |
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- |
|
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|
- |
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|
2,100,000 |
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|
|
352 |
|
Directors (Common Stock) |
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|
- |
|
|
|
- |
|
|
|
943,128 |
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|
213 |
|
Non-Employee Consultants (Common Stock) |
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|
96,178,321 |
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|
1,910 |
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|
725,000 |
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|
129 |
|
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Total Stock-Based Compensation Expense |
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|
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$ |
2,097 |
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|
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$ |
3,868 |
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(in thousands, except for number of shares or options)
For the Year Ended
|
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December 31, 2022 |
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|
December 31, 2021 |
|
Type of Award |
|
Number of
Shares or
Options
Granted
|
|
|
Stock-Based Compensation
Expense
|
|
|
Number of
Shares or
Options
Granted
|
|
|
Stock-
Based
Compensation
Expense
|
|
|
|
|
|
|
|
|
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Stock Options |
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|
1,075,001 |
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|
$ |
3,659 |
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|
89,930,019 |
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$ |
2,415 |
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Stock Grants: |
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|
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|
|
|
|
|
|
|
|
|
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|
Employees (Common Stock) |
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2,100,000 |
|
|
|
352 |
|
|
|
250,000 |
|
|
|
68 |
|
Directors (Common Stock) |
|
|
943,128 |
|
|
|
213 |
|
|
|
1,917,837 |
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|
|
495 |
|
Non–Employee Consultants (Common Stock) |
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|
16,906,230 |
|
|
|
695 |
|
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|
4,556,603 |
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|
1,079 |
|
|
|
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Total Stock–Based Compensation Expense |
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|
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|
$ |
4,919 |
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|
|
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|
$ |
4,057 |
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|
| Share-based payment arrangement, option, activity |
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|
Number of |
|
|
Weighted-
Average Exercise
Price Per Share
|
|
|
Weighted-
Average
Remaining
Contractual
Life
|
|
Aggregate
Intrinsic
Value of
In-the-Money
Options
|
|
|
|
|
|
|
|
|
|
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|
Options Outstanding as of January 1, 2023 |
|
|
52,821,099 |
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|
$ |
0.23 |
|
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|
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Forfeited |
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|
(31,695,340 |
) |
|
$ |
0.23 |
|
|
|
|
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|
Options Outstanding as of June 30, 2023 |
|
|
21,125,759 |
|
|
$ |
0.23 |
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|
7.1 years |
|
$ |
- |
|
Options Exercisable as of June 30, 2023 |
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|
15,931,299 |
|
|
$ |
0.28 |
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|
7.5 years |
|
$ |
- |
|
|
|
|
Number
of Shares
|
|
|
Weighted-
Average
Exercise
Price
Per Share
|
|
|
Weighted-
Average
Remaining Contractual
Life
|
|
Aggregate
Intrinsic
Value of In-
the-Money
Options
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options Outstanding as of December 31, 2020 |
|
|
17,492,830 |
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|
$ |
0.41 |
|
|
|
|
|
|
Granted |
|
|
88,627,220 |
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|
$ |
0.23 |
|
|
|
|
|
|
Exercised |
|
|
(3,910,805 |
) |
|
$ |
— |
|
|
|
|
|
|
Forfeited |
|
|
(13,547,745 |
) |
|
$ |
0.15 |
|
|
|
|
|
|
Expired |
|
|
(410,120 |
) |
|
$ |
0.41 |
|
|
|
|
|
|
Options Outstanding as of December 31, 2021 |
|
|
88,251,380 |
|
|
$ |
0.20 |
|
|
|
|
|
|
Granted |
|
|
1,075,001 |
|
|
$ |
0.14 |
|
|
|
|
|
|
Exercised |
|
|
(146,212 |
) |
|
$ |
0.07 |
|
|
|
|
|
|
Forfeited |
|
|
(19,365,073 |
) |
|
$ |
0.13 |
|
|
|
|
|
|
Expired |
|
|
(16,993,997 |
) |
|
$ |
0.17 |
|
|
|
|
|
|
Options Outstanding as of December 31, 2022 |
|
|
52,821,099 |
|
|
$ |
0.23 |
|
|
7.9 years |
|
$ |
2,846 |
|
Options Exercisable as of December 31, 2022 |
|
|
36,825,119 |
|
|
$ |
0.27 |
|
|
7.6 years |
|
$ |
— |
|
|
| Schedule of stock option awards on a straight-line basis |
|
|
|
Year Ended December 31, |
|
|
|
2022 |
|
|
2021 |
|
Expected Term |
|
5.2 years |
|
|
5 years |
|
Volatility |
|
|
103.0 |
% |
|
|
106.7 |
% |
Risk-Free Interest Rate |
|
|
0.9 |
% |
|
|
0.8 |
% |
Dividend Yield |
|
|
0 |
% |
|
|
0 |
% |
|