General form of registration statement for all companies including face-amount certificate companies

SHARE-BASED COMPENSATION (Tables)

v3.21.2
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