Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of the Company’s outstanding stock option activity for the three months ended June 30, 2022, and 2021 is as follows:

 

          June 30, 2022        
         

Weighted-

Average

   

Weighted-

Average

Remaining

Contractual
Life

    Intrinsic
 
    Options     Exercise Price     (Years)     Value  
As of December 31, 2021     833,892     $ 3.91       8.7       87,553  
Granted     357,000       0.45       10.0       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Expired     (3 )     139,237.86       -       -  
As of June 30, 2022     1,190,889     $ 2.38       8.6     $ -  
Exercisable at June 30, 2022     462,229     $ 5.22       8.1     $ -  
Vested and expected to vest at June 30, 2022     1,117,329     $ 2.47       8.6     $ -  

 

          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  
Schedule of Assumption Used for Fair Value of Option

    June 30, 2022  
Weighted-average risk-free interest rate     1.70 %
Weighted-average expected life (in years)     5.5  
Expected dividend yield     - %
Weighted-average expected volatility     131.1 %
Schedule of Unrecognized Stock-based Compensation

Unrecognized stock-based compensation as of June 30, 2022, is as follows (in thousands):

 

         

Weighted

Average

 
   

Unrecognized

Stock-Based

   

Remaining of

Recognition

 
    Compensation     (in years)  
Stock options   $ 515       1.7  
Stock grants   $ 38       1.9