STOCK-BASED COMPENSATION (Tables)
|
12 Months Ended |
Dec. 31, 2020 |
|---|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| SCHEDULE OF WEIGHTED-AVERAGE ASSUMPTIONS TO ESTIMATE THE FAIR VALUE OF THE OPTIONS GRANTED |
We
used the following weighted-average assumptions to estimate the grant date fair value of the stock options granted for the years
indicated:
SCHEDULE OF WEIGHTED-AVERAGE ASSUMPTIONS TO ESTIMATE THE FAIR VALUE OF THE OPTIONS GRANTED
| |
|
For the years ended December 31, |
|
| |
|
2020 |
|
|
2019 |
|
| Expected volatility |
|
|
110 |
% |
|
|
108 |
% |
| Expected term |
|
|
6.2 years |
|
|
|
5.1 years |
|
| Risk-free interest rate |
|
|
0.30 |
% |
|
|
2.21 |
% |
| Expected dividend yield |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
| 2015 Equity Incentive Plan [Member] |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| SCHEDULE OF OPTIONS ACTIVITY |
Summarized
stock option information for the 2015 Equity Incentive Plan is as follows:
SCHEDULE
OF OPTIONS ACTIVITY
| |
|
Options |
|
|
Weighted-
average
exercise
price |
|
| Outstanding options at January 1, 2019 |
|
|
5,525,405 |
|
|
$ |
8.08 |
|
| |
|
|
|
|
|
|
|
|
| Granted, fair value of $5.14 per share |
|
|
1,490,490 |
|
|
$ |
6.53 |
|
| Exercised |
|
|
(303,129 |
) |
|
|
3.20 |
|
| Expired/forfeited |
|
|
(917,371 |
) |
|
|
7.95 |
|
| Outstanding options at December 31, 2019 |
|
|
5,795,395 |
|
|
$ |
7.96 |
|
| Outstanding options at January 01, 2020 |
|
|
5,795,395 |
|
|
|
7.96 |
|
| Granted, fair value of $1.88 per share |
|
|
2,645,146 |
|
|
$ |
2.26 |
|
| Exercised |
|
|
(77,560 |
) |
|
|
2.28 |
|
| Expired/forfeited |
|
|
(2,802,242 |
) |
|
|
6.52 |
|
| Outstanding options at December 31, 2020 |
|
|
5,560,739 |
|
|
$ |
2.21 |
|
| |
|
|
|
|
|
|
|
|
| Non-vested options at December 31, 2019 |
|
|
2,342,706 |
|
|
$ |
8.78 |
|
| Non-vested options at December 31, 2020 |
|
|
2,507,203 |
|
|
$ |
1.29 |
|
|
| SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE |
Further
information regarding options outstanding under the 2015 Equity Incentive Plan as of December 31, 2020 is summarized below:
SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE
| |
|
|
|
|
|
|
|
|
Weighted-average |
|
|
|
|
|
Weighted-average |
|
| Range of exercise prices |
|
|
Number of options outstanding |
|
|
Remaining life in years |
|
|
Exercise price |
|
|
Number of options exercisable |
|
|
Remaining life in years |
|
|
Exercise price |
|
| $ |
1.02 |
|
|
$ |
1.28 |
|
|
|
4,562,630 |
|
|
|
7.8 |
|
|
$ |
1.20 |
|
|
|
2,077,915 |
|
|
|
6.3 |
|
|
$ |
1.23 |
|
| |
2.31 |
|
|
|
2.59 |
|
|
|
161,642 |
|
|
|
1.4 |
|
|
|
2.31 |
|
|
|
161,642 |
|
|
|
1.4 |
|
|
|
2.31 |
|
| |
4.38 |
|
|
|
4.78 |
|
|
|
357,925 |
|
|
|
3.2 |
|
|
|
4.43 |
|
|
|
357,925 |
|
|
|
3.2 |
|
|
|
4.43 |
|
| |
6.59 |
|
|
|
7.42 |
|
|
|
298,865 |
|
|
|
2.6 |
|
|
|
7.33 |
|
|
|
298,865 |
|
|
|
2.6 |
|
|
|
7.33 |
|
| |
8.54 |
|
|
|
13.65 |
|
|
|
66,567 |
|
|
|
6.5 |
|
|
|
13.26 |
|
|
|
47,817 |
|
|
|
6.3 |
|
|
|
13.10 |
|
| |
14.45 |
|
|
|
16.02 |
|
|
|
113,110 |
|
|
|
1.1 |
|
|
|
15.96 |
|
|
|
109,372 |
|
|
|
1.0 |
|
|
|
15.96 |
|
| |
|
|
|
|
|
|
|
|
5,560,739 |
|
|
|
|
|
|
|
|
|
|
|
3,053,536 |
|
|
|
|
|
|
|
|
|
|
| SUMMARY OF RESTRICTED STOCK ACTIVITY |
Restricted
Common Stock: Summarized stock option information for the 2015 Equity Incentive Plan is as follows:
SUMMARY
OF RESTRICTED STOCK ACTIVITY
| |
|
Restricted
common
stock
awards |
|
|
Weighted-
average
grant date
fair value |
|
| Outstanding awards at January 1, 2019 |
|
|
- |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
| Granted |
|
|
376,625 |
|
|
$ |
3.14 |
|
| Vested |
|
|
- |
|
|
|
- |
|
| Forfeited |
|
|
(22,000 |
) |
|
|
3.14 |
|
| Outstanding awards at December 31, 2019 |
|
|
354,625 |
|
|
$ |
3.14 |
|
| Outstanding awards at January 01, 2020 |
|
|
354,625 |
|
|
|
3.14 |
|
| Granted |
|
|
5,290,312 |
|
|
$ |
1.75 |
|
| Vested |
|
|
(817,054 |
) |
|
|
2.26 |
|
| Forfeited |
|
|
(1,875,384 |
) |
|
|
1.75 |
|
| Outstanding awards at December 31, 2020 |
|
|
2,952,499 |
|
|
$ |
1.78 |
|
|
| 2005 Equity Incentive Plan [Member] |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| SCHEDULE OF OPTIONS ACTIVITY |
Summarized
information for the 2005 Equity Incentive Plan is as follows:
SCHEDULE OF OPTIONS ACTIVITY
| |
|
Options |
|
|
Weighted-
average
exercise
price |
|
| Outstanding options at January 1, 2019 |
|
|
316,400 |
|
|
$ |
14.15 |
|
| |
|
|
|
|
|
|
|
|
| Expired/forfeited |
|
|
(56,400 |
) |
|
|
19.75 |
|
| Outstanding options at December 31, 2019 |
|
|
260,000 |
|
|
$ |
12.94 |
|
| Outstanding options at January 01, 2020 |
|
|
260,000 |
|
|
|
12.94 |
|
| Expired/forfeited |
|
|
(135,200 |
) |
|
|
6.80 |
|
| Outstanding options at December 31, 2020 |
|
|
124,800 |
|
|
$ |
8.55 |
|
|
| SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE |
Further
information regarding options outstanding under the 2005 Equity Incentive Plan as of December 31, 2020 is summarized below:
SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE
| |
|
|
|
|
|
|
|
|
Weighted-average |
|
|
|
|
|
Weighted-average |
|
| Range of exercise prices |
|
|
Number of options outstanding |
|
|
Remaining life in years |
|
|
Exercise price |
|
|
Number of options exercisable |
|
|
Remaining life in years |
|
|
Exercise price |
|
| $ |
1.28 |
|
|
$ |
1.28 |
|
|
|
80,000 |
|
|
|
3.2 |
|
|
$ |
1.28 |
|
|
|
80,000 |
|
|
|
3.2 |
|
|
$ |
1.28 |
|
| |
11.50 |
|
|
|
18.50 |
|
|
|
42,000 |
|
|
|
2.4 |
|
|
|
18.17 |
|
|
|
42,000 |
|
|
|
2.4 |
|
|
|
18.17 |
|
| |
30.50 |
|
|
|
113.50 |
|
|
|
2,800 |
|
|
|
0.6 |
|
|
|
72.00 |
|
|
|
2,800 |
|
|
|
0.6 |
|
|
|
72.00 |
|
| |
|
|
|
|
|
|
|
|
124,800 |
|
|
|
|
|
|
|
|
|
|
|
124,800 |
|
|
|
|
|
|
|
|
|
|