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STOCK-BASED COMPENSATION (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]    
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

The following table provides the weighted average assumptions used in determining the fair value of the stock option awards granted during the nine-month periods ended September 30, 2021 and 2020.

 

   September 30, 2021   September 30, 2020 
   (unaudited) 
Risk-free interest rate   0.78%   0.79%
Expected life   6.0 years    6.6 years 
Expected volatility   134.79%   122.24%
Dividend yield   -    - 

The following table provides the weighted average assumptions used in determining the fair value of the stock options granted during the years ended December 31, 2020 and December 31, 2019.

 

   December 31, 2020   December 31, 2019 
Risk-free interest rate   0.75%   2.34%
Expected life   6.5 years    5.9 years 
Expected volatility   123.71%   128.58%
Dividend yield   -    - 
SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE

 SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE

   Three Months Ended   Nine Months Ended 
   September 30,   September 30, 
   2021   2020   2021   2020 
   (unaudited)   (unaudited) 
Cost of revenue  $52   $60   $154   $187 
Sales and marketing   76    39    201    136 
Research and development   24    30    83    99 
General and administrative*   325    434    876    959 
Total stock compensation expense  $477   $563   $1,314   $1,381 

 

* Includes ESPP expense

 
Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award  

Stock-based compensation for the years ended December 31, 2020 and 2019 is as follows:

 

   2020   2019 
RSUs and restricted stock  $176   $243 
Performance-based awards   265    - 
Common stock awards   116    - 
Options   1,630    722 
Total stock-based compensation expense  $2,187   $965 
Schedule of Stock Option Activity  

A summary of stock option and SARs activity for the year ended December 31, 2020, and changes during such year, is presented below:

 

       Weighted-   Weighted-Average     
       Average   Remaining   Aggregate 
       Grant   Contractual   Intrinsic 
   Shares   Price   Period (in years)   Value 
Outstanding at January 1, 2020   415,678   $12.50    8.45   $        - 
Granted   525,550    6.24    9.39    - 
Exercised   -                
Forfeited or expired   (92,409)   11.18         - 
Outstanding at December 31, 2020   848,819    8.76    8.59    - 
                     
Exercisable at December 31, 2020   361,501    11.81    7.77    - 
                     
Vested and expected to vest   659,465    9.48    8.39    - 
Schedule of Non Vested Option Activity  

A summary of the status of the Company’s non-vested options for the year ended December 31, 2020, and changes during such year, is presented below:

 

   Shares   Weighted- Average Grant Date Fair Value 
         
Nonvested at January 1, 2020   213,472   $8.80 
Granted   525,550    5.36 
Vested   (197,998)   7.34 
Forfeited   (53,706)   7.86 
Nonvested at December 31, 2020   487,318   $5.81 
Schedule of Share-Based Compensation, Restricted Stock and Restricted Stock Units Activity  

A summary of the Company’s non-vested shares of restricted stock and restricted stock units for the year ended December 31, 2020, and changes during such year, is presented below:

 

       Weighted-   Average     
       Average   Remaining   Aggregate 
       Grant Date   Vesting   Intrinsic 
   Shares   Fair Value   Period (in years)   Value 
Nonvested at January 1, 2020   49,366   $10.04    1.11   $246,830 
Granted   236,321    3.43    -    - 
Vested   (43,976)   9.52    -    - 
Forfeited   (2,254)   10.10    -    - 
Nonvested at December 31, 2020   239,457   $3.61    1.75   $751,895