Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.2
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

A summary  of the Company’s outstanding stock option activity for the nine months ended September 30, 2020 is as follows:

 

    Options    

Weighted-
Average

Exercise Price

   

Weighted-

Average
Remaining
Contractual
Life
(Years)

    Intrinsic
Value
 
As of December 31, 2019     377     $ 7,446.69       5.3     $ -  
Granted     515,017       0.47       10.0       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Expired     -       -       -       -  
As of September 30, 2020     515,394     $ 5.90       9.6     $ 746,774  
Exercisable as of September 30, 2020     377     $ 7,446.69       4.6     $ -  
Schedule of Assumption Used for Fair value of Option

The following weighted average assumptions were used in the calculation to estimate the fair value of options granted to employees during the nine months ended September 30, 2020.

 

    Nine Months Ended  
    September 30, 2020  
Weighted-average risk-free interest rate     0.34 %
Weighted-average expected life (in years)     10.0  
Expected dividend yield     - %
Weighted-average expected volatility     129.69 %
Schedule of Unrecognized Stock-based Compensation

Unrecognized stock-based compensation as of September 30, 2020 is as follows (in thousands):

 

          Weighted Average  
    Unrecognized Stock-Based     Remaining
of Recognition
 
    Compensation     (in years)  
Stock options   $ 204       2.6