COMMON STOCK

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

COMMON STOCK

6.     COMMON STOCK

At June 30, 2022, the Company's authorized capital stock was 150,000,000 shares of common stock, par value $0.001 per share, and 25,000,000 shares of preferred stock, par value $0.001 per share. On that date, the Company had 52,323,382 shares of common stock issued and 52,019,932 shares of common stock outstanding, and no shares of preferred stock outstanding.

Stock-based compensation expense related to Company grants for the three and six months ended June 30, 2022 was $488,287 and $1,057,789, respectively. Stock-based compensation expense for the three and six months ended June 30, 2021 was $540,921 and $1,777,135, respectively.

2022 Transactions: During the three and six months ended June 30, 2022 the Company issued 105,000 and 228,000 shares, respectively, of common stock for vested stock awards and the exercise of stock options and received proceeds of $0 and $0, respectively.

2021 Transactions: During the three and six months ended June 30, 2021 the Company issued 392,500 and 891,775 shares, respectively, of common stock for vested stock awards and the exercise of stock options and received proceeds of $9,675 and $120,141, respectively.