Pay vs Performance Disclosure | 12 Months Ended |
Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) |
Pay vs Performance Disclosure | | | |
Pay vs Performance Disclosure, Table | Pay Versus Performance Disclosure In the below Pay Versus Performance Table, we provide information about the compensation of our named executive officers (“ NEOs Compensation Discussion and Analysis Year Summary Compensation Table Total for PEO (1) Compensation Actually Paid to PEO (2) Average Summary Compensation Table Total for Non-PEO NEOs (1) Average Compensation Actually Paid to Non-PEO NEOs (2) Value of Initial Fixed $100 Investment Based on: Net Income ($) Company Selected Measure: ARR ($) TSR Peer Group TSR (a) (b) (c) (d) (e) (f) (g) (h) (i) 2023 1,824,757.00 8,144,996.11 1,869,554.33 5,193,364.25 68.70 114.01 (26.3) 264.5 2022 2,202,003.00 (3,454,799.18) 1,539,834.67 (938,597.40) 34.39 68.13 (38.7) 214.7 2021 6,783,290.00 (23,866,881.25) 4,569,543.67 (3,833,254.49) 52.64 108.35 (33.2) 167.2 (1) Dr. Tianyi Jiang was our principal executive officer (“ PEO (2) The following table shows the amounts deducted from and added to the Summary Compensation Table (“ SCT | | |
PEO Total Compensation Amount | $ 1,824,757 | $ 2,202,003 | $ 6,783,290 |
PEO Actually Paid Compensation Amount | $ 8,144,996.11 | (3,454,799.18) | (23,866,881.25) |
Adjustment To PEO Compensation, Footnote | Year Named Executive SCT Total for Covered Year Subtract Stock Award and Option Award Value as Reported in SCT for Covered Year Add Covered Year-End Value of Awards Granted in Covered Year and Outstanding and Unvested as of Covered Year-End Change in Value as of Covered Year-End (as Compared to Prior Year-End) of Equity Awards Granted Prior to Covered Year and Outstanding and Unvested as of Covered Year-End Change in Value as of Covered Year-End (as Compared to Prior Year-End) of Equity Awards Granted Prior to Covered Year that Vested During Covered Year Compensation Actually Paid ($) ($) ($) ($) ($) ($) 2023 PEO 1,824,757.00 999,997.00 1,774,571.84 3,620,208.62 1,925,455.65 8,144,996.11 Non-PEO NEOs 1,869,554.33 1,133,332.67 2,079,553.91 1,634,493.01 743,095.67 5,193,364.25 2022 PEO 2,202,003.00 1,500,003.00 786,353.97 (3,564,175.24) (1,378,977.91) (3,454,799.18) Non-PEO NEOs 1,539,834.67 943,334.67 494,528.90 (1,439,196.76) (590,429.41) (938,597.40) 2021 (1) PEO 6,783,290.00 6,069,290.00 1,957,466.87 (13,271,308.90) (13,267,039.22) (23,866,881.25) Non-PEO NEOs 4,569,543.67 4,042,341.67 1,413,725.72 (4,907,531.45) (849,984.10) (3,833,254.49) (1) The prior year-end date used for 2021 is July 2, 2021, the date of the Company’s stock was listed on the Nasdaq. | | |
Non-PEO NEO Average Total Compensation Amount | $ 1,869,554.33 | 1,539,834.67 | 4,569,543.67 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 5,193,364.25 | (938,597.4) | (3,833,254.49) |
Compensation Actually Paid vs. Total Shareholder Return | Relationship Between Financial Performance Measures and Compensation Actually Paid The following graphs show how compensation actually paid to our PEO and other NEOs compare to the Company’s TSR, the Company’s peer group TSR, the Company’s net operating income, and the Company’s ARR. | | |
Compensation Actually Paid vs. Net Income | | | |
Compensation Actually Paid vs. Company Selected Measure | | | |
Tabular List, Table | Financial Performance Measures In accordance with the pay versus performance rules, the following table lists the financial performance measures that, in the Company’s assessment, represent the most important financial performance measures used to link “compensation actually paid” to our NEOs for the fiscal year 2023, to the Company performance, as further described in our “ Compensation Discussion and Analysis Most Important Performance Measures ARR Total Revenue Net Operating Income | | |
Total Shareholder Return Amount | $ 68.7 | 34.39 | 52.64 |
Peer Group Total Shareholder Return Amount | 114.01 | 68.13 | 108.35 |
Net Income (Loss) | $ (26,300,000) | $ (38,700,000) | $ (33,200,000) |
Company Selected Measure Amount | 264.5 | 214.7 | 167.2 |
Measure:: 1 | | | |
Pay vs Performance Disclosure | | | |
Name | ARR | | |
Measure:: 2 | | | |
Pay vs Performance Disclosure | | | |
Name | Total Revenue | | |
Measure:: 3 | | | |
Pay vs Performance Disclosure | | | |
Name | Net Operating Income | | |
PEO Subtract Stock Award And Option Award Value As Reported In SCT For Covered Year [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | $ 999,997 | $ 1,500,003 | $ 6,069,290 |
PEO Add Covered Year-End Value Of Awards Granted In Covered Year And Outstanding And Unvested As Of Covered Year-End [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | 1,774,571.84 | 786,353.97 | 1,957,466.87 |
PEO Change In Value As Of Covered Year-End (As Compared To Prior Year-End) Of Equity Awards Granted Prior To Covered Year And Outstanding And Unvested As Of Covered Year-End [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | 3,620,208.62 | (3,564,175.24) | (13,271,308.9) |
PEO Change In Value As Of Covered Year-End (As Compared To Prior Year-End) Of Equity Awards Granted Prior To Covered Year That Vested During Covered Year [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | 1,925,455.65 | (1,378,977.91) | (13,267,039.22) |
NEO Substract Stock Award And Option Award Value As Reported In SCT For Covered Year [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | 1,133,332.67 | 943,334.67 | 4,042,341.67 |
NEO Add Covered Year-End Value Of Awards Granted In Covered Year And Outstanding And Unvested As Of Covered Year-End [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | 2,079,553.91 | 494,528.9 | 1,413,725.72 |
NEO Change In Value As Of Covered Year-End (As Compared To Prior Year-End) Of Equity Awards Granted Prior To Covered Year And Outstanding And Unvested As Of Covered Year-End [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | 1,634,493.01 | (1,439,196.76) | (4,907,531.45) |
NEO Change In Value As Of Covered Year-End (As Compared To Prior Year-End) Of Equity Awards Granted Prior To Covered Year That Vested During Covered Year [Member] | | | |
Pay vs Performance Disclosure | | | |
Adjustment to Compensation, Amount | $ 743,095.67 | $ (590,429.41) | $ (849,984.1) |