Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.20.2
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2020
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of share-based awards was estimated using the Black-Scholes model with the following weighted-average assumptions for the six months ended June 30, 2020 and 2019:

 

Assumptions:

 

    2020     2019  
Dividend yield     0.00       0.00  
Risk-free interest rate     .22-1.52 %     1.90-2.54 %
Expected volatility     113.8-117.2 %     105.2-106.1 %
Expected life (in years)     5       5  

Schedule of Stock Option Activity

Option activity for the six months ended June 30, 2020 and the year ended December 31, 2019 was as follows:

 

          Weighted Average     Weighted Average        
          Exercise     Remaining     Aggregate  
          Price     Contractual     Intrinsic  
    Options     ($)     Life (Yrs.)     Value ($)  
Options outstanding at December 31, 2018     82,627       24.90       6.47       60,090  
Granted     100,335       12.50       4.79          
Exercised     -       -       -          
Forfeited or cancelled     (2,050 )     16.80       -          
Options outstanding at December 31, 2019     180,912       18.11       5.09       25,988  
Granted     335,183       2.58       4.94       52,214  
Exercised     -       -       -       -  
Forfeited or cancelled     (29,375 )     28.01                  
Options outstanding June 30, 2020     486,720       6.82       4.70       62,384  
Options expected to vest in the future as of June 30, 2020     305,715       5.23       4.82       41,480  
Options exercisable at June 30, 2020     181,005       9.51       4.49       20,904  
Options vested, exercisable, and options expected to vest at June 30, 2020     486,720                       62,384  

Summary of Warrant Activity

Warrant activity for the six months ended June 30, 2020 and 2019 was as follows:

 

          Weighted Average     Weighted Average  
          Exercise     Remaining  
          Price     Contractual  
    Warrants     ($)     Life (Yrs.)  
Warrants outstanding at December 31, 2018     305,060       27.50       3.86  
Granted     64,024       16.00       4.94  
Exercised     (7,023 )     10.80       -  
Forfeited or cancelled     -       -       -  
Warrants outstanding at June 30, 2019     362,061       25.80       3.63  
                         
Warrants outstanding at December 31, 2019     363,727       25.60       3.12  
Granted     1,481,995        3.22       5.14  
Exercised     -                  
Forfeited or cancelled     -                  
Warrants outstanding at June 30, 2020     1,845,722       7.64        4.64   

2020 Stock Appreciation Rights Plan [Member]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of SAR awards was estimated using the Black-Scholes model with the following weighted-average assumptions for the six months ended June 30, 2020:

 

Assumptions:

 

    2020  
Dividend yield     0.00  
Risk-free interest rate     .22 %
Expected volatility     116.9 %
Expected life (in years)     5  

Schedule of Stock Option Activity

SARs activity for the six months ended June 30, 2020 was as follows:

 

          Weighted Average     Weighted Average        
          Exercise     Remaining     Aggregate  
          Price     Contractual     Intrinsic  
    SARs     ($)     Life (Yrs.)     Value ($)  
                         
SARs outstanding at December 31, 2019     -       -       -       -  
Granted     114,179       2.63       4.98       -  
Exercised     -       -       -       -  
Forfeited or cancelled     -       -                  
SARs outstanding June 30, 2020     114,129       2.63       4.98       5,709  
SARs expected to vest in the future as of June 30, 2020     114,179       2.63       4.98       5,709  
SARs exercisable at June 30, 2020     -       -       -       -  
SARs vested, exercisable, and options expected to vest at June 30, 2020     114,179       2.63       4.98       5,709