Stock Award Plans and Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Grant Date Fair Value

The assumptions underlying the calculation of grant date fair value per share for the six months ended June 30, 2022 are as follows:

	For the Six Months Ended June 30,
	2022
Number of options granted		1,700
Weighted-average expected volatility		117.18	%
Weighted-average risk-free interest rate		1.68	%
Weighted-average expected option term    (in years)		6.25
Weighted-average dividend yield		—	%
Weighted-average fair value per share    of grants	$	6.92

Schedule of Stock-based Compensation Expense

The Company recognized stock-based compensation expense related to the issuance of stock option awards, restricted stock awards and restricted stock units to employees, non-employees and directors in the statements of operations as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Cost of goods sold	$	23,184	$	12,831	$	24,354	$	21,864
Research and development		29,573		24,707		76,107		72,110
Selling, general and administrative		292,466		325,774		511,032		435,309
Total	$	345,223	$	363,312	$	611,493	$	529,283