Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS (Tables)

v3.22.2.2
STOCK OPTIONS (Tables)
 6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK OPTION ACTIVITY

A summary of option activity for the six months ended June 30, 2022, is presented below.

 

                Weighted-        
          Weighted-     Average        
          Average     Remaining     Aggregate  
          Exercise     Contractual     Intrinsic  
    Options     Price     Life (Years)     Value  
                         
Outstanding at January 1, 2022     5,404,223     $ 1.72       2.24     $ 107  
Granted     2,689,555       1.07       -       -  
Forfeited     (1,777,379 )     1.59       -       -  
Exercised     (332,730 )     1.13       -       -  
Outstanding at June 30, 2022     5,983,669     $ 1.45       1.83     $

26

  
                                 
Vested June 30, 2022     2,982,073     $ 1.86             $ -  
                                 
Exercisable at June 30, 2022     1,741,272     $ 2.13             $ -  
SCHEDULE OF FAIR VALUE ASSUMPTIONS USING BLACK-SCHOLES METHOD

The grant date fair value of option awards is estimated using the Black-Scholes option pricing model based on the following assumptions:

  

    Six Months Ended June 30,  
    2022     2021  
Risk-free interest rate      1.24% - 3.01 %      0.10% - 0.92 %
Average expected term      5 years        5 years  
Expected volatility     147.8 – 149.5 %     236.2 - 240.0 %
Expected dividend yield     -       -