Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.21.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

A summary of the Company’s outstanding stock option activity for the three months ended March 31, 2021 and 2020 is as follows:

 

 

          March 31, 2021        
         

Weighted-

Average

   

Weighted-

Average

Remaining

Contractual Life

    Intrinsic  
    Options     Exercise Price     (Years)     Value  
As of December 31, 2020     465,393     $ 5.53       9.3       -  
Granted     368,500       1.93       10.0       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Expired     -       -       -       -  
As of March 31, 2021     833,893     $ 3.98       9.4     $ 698,913  
Exercisable at March 31, 2021     376     $ 6,977.42       4.1     $ -  
Vested and expected to vest at March 31, 2021     833,893     $ 3.98       9.4     $ 698,913  

 

          March 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     -       -       -       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Expired     -       -       -       -  
As of March 31, 2020     377     $ 7,446.69       5.1     $ -  
Exercisable and vested at March 31, 2020     377     $ 7,446.69       5.1     $ -  
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 three months ended March 31, 2021.

    March 31, 2021  
Weighted-average risk-free interest rate     0.73%-0.85 %
Weighted-average expected life (in years)     5.3-5.9  
Expected dividend yield     - %
Weighted-average expected volatility     138%-139 %

 

 

Schedule of Unrecognized Stock-based Compensation

Unrecognized stock-based compensation  as of March 31, 2021, is as follows (in thousands):

 

         

Weighted

Average

 
   

Unrecognized

Stock-Based

   

Remaining of

Recognition

 
    Compensation     (in years)  
Stock options   $ 779       2.5  
Stock grants   $ 17       2.1