STOCK-BASED COMPENSATION (Tables)
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9 Months Ended |
Sep. 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 September 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 |
31,405,648 |
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4,022,133 |
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14,009,842 |
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13,373,673 |
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| 2019 Equity Incentive Plan |
108,892,137 |
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34,884 |
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73,053,116 |
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35,804,137 |
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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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September 30, 2022 |
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September 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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— |
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$ |
276 |
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83,020,303 |
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$ |
780 |
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| Stock Grants: |
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| Directors (Common Stock) |
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— |
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$ |
— |
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— |
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32 |
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| Non–Employee Consultants (Common Stock) |
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6,472,492 |
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$ |
268 |
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— |
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873 |
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| Total Stock–Based Compensation Expense |
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$ |
544
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$ |
1,685
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(in thousands, except for shares / options) |
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For the Nine Months Ended |
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September 30, 2022 |
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September 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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$ |
3,450 |
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5,909,716 |
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$ |
1,664 |
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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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68 |
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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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245 |
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| Non–Employee Consultants (Common Stock) |
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7,197,492 |
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$ |
397 |
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332,947 |
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907 |
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| Total Stock–Based Compensation Expense |
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$ |
4,412
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$ |
2,884
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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 nine months ended September 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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$ |
0.23 |
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| Exercised |
(146,212) |
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$ |
0.08 |
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| Forfeited |
(17,836,303) |
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$ |
0.15 |
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| Expired |
(11,825,348) |
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$ |
0.34 |
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| Options Outstanding as of September 30, 2022 |
58,843,517 |
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$ |
0.20 |
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7.9 years |
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$ |
— |
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| Options Exercisable as of September 30, 2022 |
49,998,358 |
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$ |
0.24 |
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7.4 years |
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$ |
— |
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