Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.23.2
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
A summary of the stock option activity and related information for the Plans for the three months ended June 30, 2023 is as follows:

A summary of the stock option activity and related information for the Plans for the three months ended June 30, 2023 is as follows:

 

    Shares     Weighted-Average
Exercise Price 		    Weighted-Average
Remaining
Contractual Term 		    Aggregate
Intrinsic
Value 		 
Outstanding at December 31, 2022     392,643     $ 334.08       8.70     $ —  
Grants     1,011,630       4.66                  
Exercised     —       —                  
Forfeitures or expirations     (14,186 )     874.50                  
                                 
Outstanding at June 30, 2023     1,390,087     $ 88.77       9.26     $ —  
Exercisable at June 30, 2023     237,227     $ 404.34       8.02     $    
The assumptions used in the valuation of stock options granted during the six months ended June 30, 2023 and 2022 were as follows:

The assumptions used in the valuation of stock options granted during the six months ended June 30, 2023 and 2022 were as follows:

 

    Six Months Ended
June 30, 2023 		    Six Months Ended
June 30, 2022 		 
Risk-free interest rate     3.42% to 4.02 %     1.67% to 3.05 %
Expected term of option     5.0 to 10 years       5.5 to 10 years  
Expected stock price volatility     121.26% - 142.72 %     120.32% - 133.22 %
Expected dividend yield     0.0       0.0