SHARE-BASED COMPENSATION (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2021 |
Dec. 31, 2020 |
| REVERSE TAKEOVER AND PRIVATE PLACEMENT |
|
|
| Schedule of Share-based compensation expense |
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
(in thousands) |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Cost of goods sold |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
General and administrative expense |
|
|
338 |
|
|
|
213 |
|
|
|
625 |
|
|
|
1,825 |
|
Total share-based compensation |
|
$ |
338 |
|
|
$ |
213 |
|
|
$ |
625 |
|
|
$ |
1,825 |
|
|
Years Ended December 31, |
|
|
|
(in thousands) |
|
2020 |
|
|
2019 |
|
|
2018 |
|
Cost of goods sold |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
General and administrative expense |
|
|
2,200 |
|
|
|
3,385 |
|
|
|
270 |
|
Total share based compensation |
|
$ |
2,200 |
|
|
$ |
3,385 |
|
|
$ |
270 |
|
|
| Schedule of Stock option activity |
|
|
|
|
|
|
|
|
Weighted-Average |
|
|
|
|
|
|
Stock |
|
|
Weighted-Average |
|
|
Remaining |
|
|
Aggregate |
|
(in thousands except per share amounts) |
|
Options |
|
|
Exercise Price |
|
|
Contractual Life |
|
|
Intrinsic Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding—December 31, 2020 |
|
|
6,260 |
|
|
$ |
0.97 |
|
|
|
4.7 |
|
|
$ |
3,162 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Granted |
|
|
1,880 |
|
|
|
1.41 |
|
|
|
|
|
|
|
|
|
Exercised |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
Cancelled |
|
|
(1,153 |
) |
|
|
1.60 |
|
|
|
|
|
|
|
|
|
Outstanding—June 30, 2021 |
|
|
6,987 |
|
|
$ |
0.95 |
|
|
|
2.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable—June 30, 2021 |
|
|
1,677 |
|
|
$ |
1.02 |
|
|
|
3 |
|
|
$ |
69 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vested and expected to vest—June 30, 2021 |
|
|
6,987 |
|
|
$ |
0.95 |
|
|
|
2.6 |
|
|
$ |
2,254 |
|
|
|
|
|
|
|
|
|
|
Weighted-Average |
|
|
|
|
|
|
Stock |
|
|
Weighted-Average |
|
|
Remaining |
|
|
Aggregate |
|
(in thousands except per share amounts) |
|
Options |
|
|
Exercise Price |
|
|
Contractual Life |
|
|
Intrinsic Value |
|
Outstanding—December 31, 2019 |
|
|
1,543 |
|
|
$ |
2.53 |
|
|
|
4.3 |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Granted |
|
|
5,315 |
|
|
|
0.62 |
|
|
|
|
|
|
|
|
|
Exercised |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
Cancelled |
|
|
(598 |
) |
|
|
1.67 |
|
|
|
|
|
|
|
|
|
Outstanding—December 31, 2020 |
|
|
6,260 |
|
|
$ |
0.97 |
|
|
|
4.7 |
|
|
$ |
3,162 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable—December 31, 2020 |
|
|
739 |
|
|
$ |
2.10 |
|
|
|
3.2 |
|
|
$ |
25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vested and expected to vest—December 31, 2020 |
|
|
6,260 |
|
|
$ |
0.97 |
|
|
|
4.7 |
|
|
$ |
3,162 |
|
|
| Schedule of Restricted stock unit activity |
|
|
|
|
|
Weighted-Average |
|
(in thousands except per share amounts) |
|
RSUs |
|
|
Fair Value |
|
|
|
|
|
|
|
|
Outstanding—December 31, 2020 |
|
|
450 |
|
|
$ |
0.33 |
|
|
|
|
|
|
|
|
|
|
Granted |
|
|
1,395 |
|
|
|
1.15 |
|
Vested |
|
|
- |
|
|
|
- |
|
Cancelled |
|
|
(10 |
) |
|
|
1.11 |
|
Outstanding—June 30, 2021 |
|
|
1,835 |
|
|
$ |
0.95 |
|
|
|
|
Restricted Stock |
|
|
Weighted-Average |
|
(in thousands except per share amounts) |
|
Units |
|
|
Fair Value |
|
Outstanding—December 31, 2019 |
|
|
230 |
|
|
$ |
2.53 |
|
|
|
|
|
|
|
|
|
|
Granted |
|
|
913 |
|
|
|
0.62 |
|
Vested |
|
|
(634 |
) |
|
|
1.63 |
|
Cancelled |
|
|
(59 |
) |
|
|
1.67 |
|
Outstanding—December 31, 2020 |
|
|
450 |
|
|
$ |
0.33 |
|
|
| Schedule of Weighted average assumptions |
Stock Options |
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Expected volatility |
|
|
50 |
% |
|
|
50 |
% |
|
|
50 |
% |
|
|
50 |
% |
Dividend yield |
|
|
0 |
% |
|
|
0 |
% |
|
|
0 |
% |
|
|
0 |
% |
Risk-free interest rate |
|
|
1.1 |
% |
|
|
2.2 |
% |
|
|
0.9 |
% |
|
|
2.2 |
% |
Expected term in years |
|
|
4.25 |
|
|
|
4.12 |
|
|
|
4.25 |
|
|
|
4.14 |
|
RSUs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Expected volatility |
|
|
50 |
% |
|
|
50 |
% |
|
|
50 |
% |
|
|
50 |
% |
Dividend yield |
|
|
0 |
% |
|
|
0 |
% |
|
|
0 |
% |
|
|
0 |
% |
Risk-free interest rate |
|
|
0.9 |
% |
|
|
0.9 |
% |
|
|
0.9 |
% |
|
|
0.9 |
% |
Expected term in years |
|
|
0.74 |
|
|
|
0.60 |
|
|
|
0.74 |
|
|
|
0.60 |
|
|
Year Ended December 31, |
|
2020 |
|
Expected volatility |
|
|
50.0 |
% |
Dividend yield |
|
|
0 |
% |
Risk-free interest rate |
|
|
0.95 |
% |
Expected term in years |
|
|
6.0 |
|
|