Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.21.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

A summary of the Company’s outstanding stock option activity for the six months ended June 30, 2021 and 2020 is as follows:

 

          June 30 , 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 June 30, 2021     833,893     $ 3.98       9.2     $ 743,089  
Exercisable at June 30, 2021     376     $ 6,977.42       3.8     $ -  
Vested and expected to vest at June 30, 2021     833,893     $ 3.98       9.2     $ 743,089  

 

          June 30, 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 June 30, 2020     377     $ 7,446.69       4.8     $ -  
Exercisable and vested at December 31, 2020     377     $ 7,446.69       4.8     $ -  
Schedule of Assumption Used for Fair Value of Option

 

    June 30 , 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 June 30, 2021, is as follows (in thousands):

 

          Weighted Average  
    Unrecognized Stock-Based     Remaining
of Recognition
 
    Compensation     (in years)  
Stock options   $ 700       2.3  
Stock grants   $ 16       1.8