Annual report pursuant to Section 13 and 15(d)

Equity Incentive Plan (Tables)

v3.22.1
Equity Incentive Plan (Tables)
 12 Months Ended
Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]  
Schedule of share-based compensation expense
    Year ended
December 31,		  
(in thousands)   2021     2020  
General and administrative   $ 933     $ 444  
Sales and marketing     116       127  
Research and development     242       66  
Cost of revenues     96       31  
    $ 1,387     $ 668  

 
Schedule of fair value of option grants weighted average assumptions
    December 31,  
    2021     2020  
Expected term (in years)     5.7       5.7  
Expected Volatility     54.3 %     42.9 %
Risk-free rate     0.8 %     0.5 %
Dividend rate    
—
      
—
  

 
Schedule of stock option activity
   

Number of
Shares under

Option Plan

     Weighted-
Average
Exercise
Price per
Option		    

Weighted-

Average

Remaining

Contractual

Life (in
years)

  
Outstanding at December 31, 2020     4,211,857     $ 0.76       8.6  
Granted     2,768,972       3.26          
Exercised     (254,496 )   $ 0.81          
Forfeited and expired     (142,952 )   $ 2.26          
Outstanding at December 31, 2021     6,583,381     $ 1.78       8.0  
Exercisable at December 31, 2021     3,692,110     $ 1.11       7.8  
Vested and expected to vest at December 31, 2021     6,583,381     $ 1.78       8.0