STOCK-BASED COMPENSATION (Tables)
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6 Months Ended |
Jun. 30, 2023 |
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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, 2023:
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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 |
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— |
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248,888 |
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248,888 |
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| 2018 Equity Incentive Plan |
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17,364,171 |
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4,022,133 |
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6,754,353 |
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6,587,685 |
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| 2019 Equity Incentive Plan |
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24,062,129 |
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34,884 |
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14,027,519 |
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9,999,726 |
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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, 2023 |
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June 30, 2022 |
| 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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$ |
89 |
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400,000 |
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$ |
1,352 |
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| Stock Grants: |
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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 |
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| Directors (Common Stock) |
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— |
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— |
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259,796 |
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29 |
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| 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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| Total Stock–Based Compensation Expense |
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$ |
1,642
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$ |
1,680
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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 |
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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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$ |
187 |
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400,000 |
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$ |
3,174 |
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| Stock Grants: |
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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 |
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| Directors (Common Stock) |
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— |
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— |
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943,128 |
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213 |
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| 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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$ |
2,097
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$ |
3,868
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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, 2023:
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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, 2023 |
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52,821,099 |
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$ |
0.23 |
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| Forfeited |
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(31,695,340) |
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$ |
0.23 |
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| Options Outstanding as of June 30, 2023 |
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21,125,759 |
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$ |
0.23 |
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7.1 years |
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$ |
— |
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| Options Exercisable as of June 30, 2023 |
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15,931,299 |
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$ |
0.28 |
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7.5 years |
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$ |
— |
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