Schedule of Stock Option Activity |
A
summary of the Company’s outstanding stock option activity for the three months ended June 30, 2022, and 2021 is as follows:
Schedule of Stock Option Activity
| |
| | |
June
30, 2022 | | |
| |
| |
| | |
Weighted- Average
| | |
Weighted- Average Remaining Contractual
Life | | |
Intrinsic
| |
| |
Options | | |
Exercise
Price | | |
(Years) | | |
Value | |
As of
December 31, 2021 | |
| 833,892 | | |
$ | 3.91 | | |
| 8.7 | | |
| 87,553 | |
Granted | |
| 357,000 | | |
| 0.45 | | |
| 10.0 | | |
| - | |
Exercised | |
| - | | |
| - | | |
| - | | |
| - | |
Forfeited | |
| - | | |
| - | | |
| - | | |
| - | |
Expired | |
| (3 | ) | |
| 139,237.86 | | |
| - | | |
| - | |
As
of June 30, 2022 | |
| 1,190,889 | | |
$ | 2.38 | | |
| 8.6 | | |
$ | - | |
Exercisable
at June 30, 2022 | |
| 462,229 | | |
$ | 5.22 | | |
| 8.1 | | |
$ | - | |
Vested
and expected to vest at June 30, 2022 | |
| 1,117,329 | | |
$ | 2.47 | | |
| 8.6 | | |
$ | - | |
| |
| | |
June
30, 2021 | | |
| |
| |
| | |
Weighted- Average
| | |
Weighted- Average Remaining Contractual
Life | | |
Intrinsic
| |
| |
Options | | |
Exercise
Price | | |
(Years) | | |
Value | |
As of
December 31, 2020 | |
| 465,393 | | |
$ | 5.53 | | |
| 9.3 | | |
| - | |
Granted | |
| 368,500 | | |
| 1.93 | | |
| 10.0 | | |
| - | |
Exercised | |
| - | | |
| - | | |
| - | | |
| - | |
Forfeited | |
| - | | |
| - | | |
| - | | |
| - | |
Expired | |
| - | | |
| - | | |
| - | | |
| - | |
As
of June 30, 2021 | |
| 833,893 | | |
$ | 3.98 | | |
| 9.2 | | |
$ | 743,089 | |
Exercisable
at June 30, 2021 | |
| 376 | | |
$ | 6,977.42 | | |
| 3.8 | | |
$ | - | |
Vested
and expected to vest at June 30, 2021 | |
| 833,893 | | |
$ | 3.98 | | |
| 9.2 | | |
$ | 743,089 | |
|
Schedule of Unrecognized Stock-based Compensation |
Unrecognized
stock-based compensation as of June 30, 2022, is as follows (in thousands):
Schedule of Unrecognized Stock-based Compensation
| |
| | |
Weighted Average | |
| |
Unrecognized Stock-Based | | |
Remaining
of
Recognition | |
| |
Compensation | | |
(in
years) | |
Stock
options | |
$ | 515 | | |
| 1.7 | |
Stock
grants | |
$ | 38 | | |
| 1.9 | |
|