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]  
A summary of the stock option activity and related information for the Plans for the six months ended June 30, 2022 is as follows:

A summary of the stock option activity and related information for the Plans for the six months ended June 30, 2022 is as follows:

 

    Shares     Weighted-Average
Exercise Price		     Weighted-Average
Remaining
Contractual Term		     Aggregate
Intrinsic
Value		  
Outstanding at December 31, 2021     805,762     $ 78.02       8.83     $ —  
Grants     1,695,608     $ 12.06                  
Exercised     —       —                  
Forfeitures or expirations     (26,821 )     381.16                  
                                 
Outstanding at June 30, 2022     2,474,549     $ 29.54       9.23     $ —  
Exercisable at June 30, 2022     469,600     $ 83.90       8.04     $ —  
The assumptions used in the valuation of stock options granted during the six months ended June 30, 2022 and 2021 were as follows:

The assumptions used in the valuation of stock options granted during the six months ended June 30, 2022 and 2021 were as follows:

 

    Six Months Ended
June 30, 2022 		    Six Months Ended
June 30, 2021 		 
Risk-free interest rate     1.67% to 3.05 %     0.80% to 1.63 %
Expected term of option     5.5 to 10 years         5.5 to 10 years  
Expected stock price volatility     120.32% - 133.22 %     124.40% -137.74 %
Expected dividend yield     0.0       0.0