Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

The following represents a summary of the options granted to employees and non-employees that are outstanding at March 31, 2020 and changes during the period then ended:

 

    Options     Weighted
Average
Exercise Price
    Aggregate
Intrinsic Value
    Weighted Average Remaining Contractual Life
(in years)
 
Outstanding at December 31, 2019     1,164,644     $ 6.93     $       8.4  
Granted     48,000     $ 0.23     $ 1,776       9.8  
Expired/ Forfeited     (4,900 )   $     $       -  
Outstanding at March 31, 2020     1,207,744     $ 9.15     $ 1,776       8.2  
Exercisable at March 31, 2020     560,839     $ 17.86     $ 296       7.7  

Schedule of Assumptions Used in Black-Scholes Option-Pricing Method

The material factors incorporated in the Black-Scholes model in estimating the fair value of the options granted for the periods presented were as follows:

 

    For the three months ended
March 31,
 
    2020     2019  
Expected dividend yield     0.00 %     0.00 %
Expected stock-price volatility     80.33 %      13.52% - 23.39 %
Risk-free interest rate     1.60 %      2.41% - 2.60 %
Expected average term of options     5       7.5  
Stock price   $ 0.23       $0.60 - $0.87