Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.22.0.1
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
A summary of the stock option activity and related information for the Plans for the years ended December 31, 2021, and 2020 is as follows:

 A summary of the stock option activity and related information for the Plans for the years ended December 31, 2021, and 2020 is as follows:

 

    Shares     Weighted-Average
Exercise Price		     Weighted-Average
Remaining 
Contractual Term		     Aggregate
Intrinsic
Value		  
Outstanding at December 31, 2019     109,036     $ 199.57       8.60     $ —  
Grants     10,100,250     $ 0.81       —       —  
Exercised     —       —                  
Forfeitures or expirations     —       —                  
Outstanding at December 31, 2020     10,209,286     $ 2.93       9.26     $ 131,558  
Grants     15,572,190     $ 1.28       —     $ —  
Exercised     —       —                  
Forfeitures or expirations     (1,214 )   $ 2,155.81                  
                                 
Outstanding at December 31, 2021     25,780,262     $ 1.83       8.83     $ —  
Exercisable at December 31, 2021     5,747,787     $ 3.91       8.21     $ —  
The assumptions used in the valuation of stock options granted during the year ended December 31, 2021 and 2020 were as follows:

The assumptions used in the valuation of stock options granted during the year ended December 31, 2021 and 2020 were as follows:   

 

    2021     2020  
Risk-free interest rate     0.79% to 1.63%       0.36% to 1.25%  
Expected term of option     5.5 to 6 years       5.5 to 6 years  
Expected stock price volatility     124.37% to 137.73%       120.62% to 129.29%  
Expected dividend yield     0.0%       0.0%