Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

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

 

          September 30, 2021        
    Options     Weighted- Average Exercise Price    

Weighted-

Average

Remaining

Contractual Life

(Years)

   

Intrinsic

Value

 
As of December 31, 2020     465,393     $ 5.53       9.3       - $  
Granted     368,500       1.93       10.0       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Expired     -       -       -       -  
As of September 30, 2021     833,893     $ 3.98       8.9     $ 417,164  
Exercisable at September 30, 2021     221,834     $ 12.26       8.6     $ -  
Vested and expected to vest at September 30, 2021     833,893     $ 3.98       8.9     $ 417,164  

 

          September 30, 2020        
    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     465,017       0.47       10.0       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Expired     -       -       -       -  
As of September 30, 2020     465,394     $ 5.90       9.6     $ 746,774  
Exercisable and vested at September 30, 2020     377     $ 7,446.69       4.6     $ -  
Schedule of Assumption Used for Fair Value of Option

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

 

          Weighted Average  
    Unrecognized Stock-Based     Remaining
of Recognition
 
    Compensation     (in years)  
Stock options   $ 622       2.1  
Stock grants   $ 14       1.6