Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.22.2
Share-based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Information about Incentive Plan

The following table contains information about the 2019 Plan as of June 30, 2022:

 

    Awards           Awards  
    Reserved for     Awards     Available for  
    Issuance     Issued     Grant  
2019 Plan     571,429       334,938       227,491  
Schedule of Incentive Stock Option Activity

The following table summarizes the Company’s incentive stock option activity and related information for the period ended June 30, 2022:

                Weighted  
          Weighted     Average  
          Average     Contractual  
    Number of     Exercise     Term in  
    Options     Price     Years  
Outstanding at January 1, 2022     434,939     $ 1.675747       8.56  
                         
Granted                  
Exercised                  
Forfeited                  
Cancelled     (100,001 )     1.40        
Expired                  
Outstanding at June 30, 2022     334,938     $ 1.758076       8.08  
Exercisable at June 30, 2022     312,790     $ 1.600341       8.02  
Schedule of Assumptions used in Share-based Compensation

Volatility   171.12%-183.48 %
Risk-free interest rate     0.46% - 0.86 %
Dividend yield     0.0 %
Expected term     5.0 - 5.75 years  
Summary of Common Stock Warrants

The following table shows a summary of common stock warrants through June 30, 2022:

          Weighted     Weighted  
          Average     Average  
    Number of     Exercise     Contractual  
    Warrants     Price     Term in Years  
Outstanding at January 1, 2022     3,637,190     $ 5.16281       4.63  
Granted                  
Exercised                  
Forfeited                  
Cancelled                  
Expired                  
Outstanding at June 30, 2022     3,637,190     $ 5.16281       4.14  
Exercisable at June 30, 2022     3,637,190     $ 5.16281       4.14