Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.23.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
A summary of the stock option activity and related information for the Plans for the nine months ended September 30, 2023 is as follows:

A summary of the stock option activity and related information for the Plans for the nine months ended September 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     1,019,130       4.64                  
Exercised     —       —                  
Forfeitures or expirations     (27,509 )     453.81                  
                                 
Outstanding at September 30, 2023     1,384,264     $ 89.09       9.01     $ —  
Exercisable at September 30, 2023     248,656     $ 392.48       7.78     $    
The assumptions used in the valuation of stock options granted during the nine months ended September 30, 2023 and 2022 were as follows:

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

 

    Nine Months Ended
September 30, 2023 		    Nine Months Ended
September 30, 2022 		 
Risk-free interest rate     3.42% to 4.35 %     1.67% to 3.05 %
Expected term of option     5.0 to 10 years       5.5 to 10 years  
Expected stock price volatility     122.19% - 142.72 %     120.32% - 133.22 %
Expected dividend yield     0.0       0.0