Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.22.1
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
A summary of the stock option activity and related information for the Plans for the three months ended March 31, 2022 is as follows:

A summary of the stock option activity and related information for the Plans for the three months ended March 31, 2022 is as follows:

 

    Shares     Weighted-Average
Exercise Price		     Weighted-Average
Remaining
Contractual Term		     Aggregate
Intrinsic
Value		  
Outstanding at December 31, 2021     25,780,262     $ 1.83       8.83     $ —  
Grants     40,660,690     0.46                  
Exercised     —       —                  
Forfeitures or expirations     (612 )     1,755.85                  
                                 
Outstanding at March 31, 2022     66,440,340     $ 0.98       9.38     $ 372,186  
Exercisable at March 31, 2022     11,150,220     $ 2.54       8.36     $    
The assumptions used in the valuation of stock options granted during the three months ended March 31, 2022 and 2021 were as follows:

The assumptions used in the valuation of stock options granted during the three months ended March 31, 2022 and 2021 were as follows:

 

    Three Months Ended
March 31, 2022		     Three Months Ended
March 31, 2021		  
Risk-free interest rate     1.67% to 2.22 %     1.00% to 1.34 %
Expected term of option     6.00 to 6.25 years       6.00 years  
Expected stock price volatility     131.61% to 133.20 %     132.23% to 132.78 %
Expected dividend yield     0.0       0.0