Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.23.1
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2023
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, 2023 is as follows:

A summary of the stock option activity and related information for the Plans for the three months ended March 31, 2023 is as follows:

 

    Shares     Weighted-Average
Exercise Price		     Weighted-Average
Remaining
Contractual Term		     Aggregate
Intrinsic
Value		  
Outstanding at December 31, 2022     2,453,031     $ 28.93       8.70     $ —  
Grants     5,804,803       0.77                  
Exercised     —       —                  
Forfeitures or expirations     (17,399 )     76.48                  
                                 
Outstanding at March 31, 2023     8,240,435     $ 8.99       9.47     $ —  
Exercisable at March 31, 2023     892,008     $ 50.68       7.81     $    

The assumptions used in the valuation of stock options granted during the three months ended March 31, 2023 and 2022 were as follows

The assumptions used in the valuation of stock options granted during the three months ended March 31, 2023 and 2022 were as follows:

 

    Three Months Ended
March 31, 2023		     Three Months Ended
March 31, 2022		  
Risk-free interest rate     3.59% to 4.02 %     1.67% to 2.22 %
Expected term of option     5.00 to 6.00 years       6.00 to 6.25 years  
Expected stock price volatility     133.07% to 142.72 %     131.61% to 133.20 %
Expected dividend yield     0.0       0.0