STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Schedule of option activity

A summary of the Company's stock option activity during the three months ended March 31, 2023 is below:

	Shares	Weighted average exercise price
Outstanding at January 1, 2023	36,504,673	$	0.82
Granted	1,100,000	$	0.43
Forfeited	(457,500)	$	1.97
Outstanding at March 31, 2023	37,147,173	$	0.80

Schedule of fair value assumptions of options

The grant date fair values of stock options granted in the three months ended March 31, 2023 were estimated using the Black-Scholes valuation model with the following assumptions:

Estimated life (in years)	3.00 to 3.26
Weighted average volatility	99.22	%
Weighted average risk-free interest rate	3.59	%
Dividend yield	—

Schedule of activity related to RSUs

The activity related to the Company's RSUs for the three months ended March 31, 2023 was as follows:

	RSUs	Weighted average grant date fair value
Unvested at January 1, 2023	1,599,999	$	0.53
Granted	1,108,000	$	0.46
Outstanding at March 31, 2023	2,707,999	$	0.50