Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.23.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of RSU Activity
The following table summarizes RSUs activity during the reporting periods shown below:
Number of
awards
outstanding
 (in thousands)
Weighted-
average
grant date
fair value
(per share)
Aggregate
intrinsic
value
(in thousands)
Unvested RSUs at December 31, 2021 —  —  — 
Granted 5,789  $ 6.24  $ 36,101 
Vested (52) 6.88  (362)
Forfeited and canceled (222) 6.97  (1,548)
Unvested RSUs at December 31, 2022 5,515  $ 34,191 
Schedule of Significant Inputs used in Valuation of RSU Significant inputs used in our valuation of these RSUs included the following:
Year Ended
December 31, 2022
Expected volatility
57.1%-75.2%
Risk-free interest rate
1.4%-2.1%
Expected term (in years)
5 - 80
Schedule of Share-Based Compensation Expense
The following is a summary of the Company’s share-based compensation expense related to RSUs during the reporting periods shown below:
Years Ended
(In thousands, USD) December 31, 2022 December 31, 2021
Total Stock Compensation Expense $ 10,296  $ 4,564 
Unrecognized Compensation Cost 24,272  — 
Remaining recognition period (in years) 2.6 — 
Schedule of Cancelled Stock Options The following is a summary of the Company’s cancelled stock options from January 1, 2021, through December 31, 2021:
Number of Options Weighted Average
Grant Date Fair
Value per Option
(Amount)
Weighted
Average Exercise
Price (Amount)
Weighted Average
Remaining Contractual
Term (Years)
Balance, December 31, 2020 432,500  $ 15.45  $ 141.53  7.7
Granted —  —  — 
Exercised —  —  — 
Forfeited —  —  — 
Expired —  —  — 
Cancelled (432,500) (15.45) (141.53) 7.7
Balance, December 31, 2021   $   $