STOCK-BASED COMPENSATION (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
|---|
| 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, |
|
| |
|
2021 |
|
|
2020 |
|
| Expected volatility |
|
|
96 |
% |
|
|
110 |
% |
| Expected term |
|
|
6.0 years |
|
|
|
6.2 years |
|
| Risk-free interest rate |
|
|
1.01 |
% |
|
|
0.30 |
% |
| 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, 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 |
|
| |
|
|
|
|
|
|
|
|
| Granted, fair value of $1.36 per share |
|
|
4,877,308 |
|
|
$ |
1.75 |
|
| Exercised |
|
|
(630,675 |
) |
|
|
1.32 |
|
| Expired/forfeited |
|
|
(1,952,521 |
) |
|
|
4.07 |
|
| Outstanding options at December 31, 2021 |
|
|
7,854,851 |
|
|
$ |
1.54 |
|
| |
|
|
|
|
|
|
|
|
| Non-vested options at December 31, 2020 |
|
|
2,507,203 |
|
|
$ |
1.29 |
|
| Non-vested options at December 31, 2021 |
|
|
4,720,304 |
|
|
$ |
1.64 |
|
|
| SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE |
Further
information regarding options outstanding under the 2015 Equity Incentive Plan as of December 31, 2021 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 |
|
| $ |
0.34 |
|
|
$ |
0.91 |
|
|
|
494,000 |
|
|
|
9.8 |
|
|
$ |
0.84 |
|
|
|
- |
|
|
|
- |
|
|
$ |
- |
|
| |
1.02 |
|
|
|
1.88 |
|
|
|
5,576,851 |
|
|
|
7.0 |
|
|
|
1.30 |
|
|
|
3,069,547 |
|
|
|
5.2 |
|
|
|
1.27 |
|
| |
2.18 |
|
|
|
2.34 |
|
|
|
1,719,000 |
|
|
|
9.2 |
|
|
|
2.29 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
6.59 |
|
|
|
7.34 |
|
|
|
65,000 |
|
|
|
3.7 |
|
|
|
7.28 |
|
|
|
65,000 |
|
|
|
3.7 |
|
|
|
7.28 |
|
| |
|
|
|
|
|
|
|
|
7,854,851 |
|
|
|
|
|
|
|
|
|
|
|
3,134,547 |
|
|
|
|
|
|
|
|
|
|
| SCHEDULE OF RESTRICTED COMMON STOCK ACTIVITY |
Restricted
Common Stock: Summarized stock option information for the 2015 Equity Incentive Plan is as follows:
SCHEDULE
OF RESTRICTED COMMON STOCK ACTIVITY
| |
|
Restricted
common
stock
awards |
|
|
Weighted-
average
grant date
fair value |
|
| Outstanding awards at January 1, 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 |
|
| |
|
|
|
|
|
|
|
|
| Granted |
|
|
2,890,668 |
|
|
$ |
1.72 |
|
| Vested |
|
|
(2,592,259 |
) |
|
|
1.55 |
|
| Forfeited |
|
|
(819,393 |
) |
|
|
2.02 |
|
| Outstanding awards at December 31, 2021 |
|
|
2,431,515 |
|
|
$ |
1.86 |
|
|
| 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, 2020 |
|
|
260,000 |
|
|
$ |
12.94 |
|
| |
|
|
|
|
|
|
|
|
| Expired/forfeited |
|
|
(135,200 |
) |
|
|
6.80 |
|
| Outstanding options at December 31, 2020 |
|
|
124,800 |
|
|
$ |
8.55 |
|
| |
|
|
|
|
|
|
|
|
| Expired/forfeited |
|
|
(44,800 |
) |
|
|
21.53 |
|
| Outstanding options at December 31, 2021 |
|
|
80,000 |
|
|
$ |
1.28 |
|
|
| SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE |
Further
information regarding options outstanding under the 2005 Equity Incentive Plan as of December 31, 2021 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 |
|
|
|
1.8 |
|
|
$ |
1.28 |
|
|
|
80,000 |
|
|
|
1.8 |
|
|
$ |
1.28 |
|
| |
|
|
|
|
|
|
|
|
80,000 |
|
|
|
|
|
|
|
|
|
|
|
80,000 |
|
|
|
|
|
|
|
|
|
|