Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.22.2.2
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2022
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, 2022 is as follows:

A summary of the stock option activity and related information for the Plans for the nine months ended September 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     (46,090 )     267.12                  
                                 
Outstanding at September 30, 2022     2,455,280     $ 28.92       8.95     $ —  
Exercisable at September 30, 2022     532,615     $ 74.66       7.78     $ —  
The assumptions used in the valuation of stock options granted during the nine months ended September 30, 2022 and 2021 were as follows:

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

 

Nine Months Ended
September 30, 2022 		Nine Months Ended
September 30, 2021
Risk-free interest rate 1.67% to 3.05 % 0.79% to 1.63 %
Expected term of option 5.5 to 10 years   5.5 to 6 years
Expected stock price volatility 120.32% - 133.22 % 124.37% -137.73 %
Expected dividend yield 0.0 0.0