Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.21.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

A summary of the Company’s outstanding stock option activity for the years ended December 31, 2020 and 2019 is as follows:

 

          December  31, 2020        
         

Weighted-

Average

   

Weighted-

Average

Remaining

Contractual Life

    Intrinsic  
    Options     Exercise Price     (Years)     Value  
As of December 31, 2019     377     $ 7,446.69       5.3     -  
Granted     465,017       0.47       10.0       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Expired     (1 )     -       -       -  
As of December 31, 2020     465,393     $ 5.53       9.3     $ 511,518  
Exercisable at December 31, 2020     376     $ 6,977.42       4.3     $ -  
Vested and expected to vest at December 31, 2020     465,393     $ 5.53       9.3     $ 511,518  

 

          December 31, 2019        
         

Weighted-

Average

   

Weighted-

Average

Remaining

Contractual Life

    Intrinsic  
    Options     Exercise Price     (Years)     Value  
As of December 31, 2018     377     $ 7,446.69       6.3     $ -  
Granted     -       -       -       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Expired     -     -       -       -  
As of December 31, 2019     377     $ 7,446.69       5.3     $ -  
Exercisable and vested at December 31, 2019     377     $ 7,446.69       5.3     $ -  
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 and non-employees during the year ended December 31, 2020.

 

    Year Ended  
    December 31, 2020  
Weighted-average risk-free interest rate     0.34 %
Weighted-average expected life (in years)     10  
Expected dividend yield     - %
Weighted-average expected volatility     130 %
Schedule of Unrecognized Stock-based Compensation

Unrecognized stock-based compensation as of December 31, 2020, is as follows (in thousands): 

 

          Weighted Average  
    Unrecognized Stock-Based     Remaining
of Recognition
 
    Compensation     (in years)  
Stock options   $ 169       2.3  
Stock grants   $ 19       2.3