Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.20.2
Stockholders' Equity (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2020 and 2019:

 

Assumptions:

 

    2020     2019  
Dividend yield     0.00       0.00  
Risk-free interest rate      0.22-1.52 %      1.42-2.53 %
Expected volatility      114.0-117.0 %      105.2-106.1 %
Expected life (in years)     5       5  
Schedule of Stock Option Activity

Option activity for the nine months ended September 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                          
Granted     100,335                          
Exercised     -                          
Forfeited or cancelled     (2,050 )                        
Options outstanding at December 31, 2019     180,912                          
Granted     472,183       2.61       4.73       -  
Exercised     -       -       -                -  
Forfeited or cancelled     (42,866 )     23.24                  
Options outstanding September 30, 2020     610,229       5.76       4.55       -  
Options expected to vest in the future as of September 30, 2020     337,197       4.17       4.65       -  
Options exercisable at September 30, 2020     273,032       7.72       4.42       -  
Options vested, exercisable, and options expected to vest at September 30, 2020     610,229       5.76       4.55       -  
Summary of Warrant Activity

Warrant activity for the nine months ended September 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                  
Granted     64,024                  
Exercised     (7,023 )                
Forfeited or cancelled     -                  
Warrants outstanding at September 30, 2019     362,061                  
                         
Warrants outstanding at December 31, 2019     363,727                  
Granted     1,481,995       3.22       4.89  
Exercised     -                  
Forfeited or cancelled     -                  
Warrants outstanding at September 30, 2020     1,845,722       7.64       4.39  
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 nine months ended September 30, 2020:

 

Assumptions:

 

    2020  
Dividend yield     0.00 %
Risk-free interest rate     0.22 %
Expected volatility     116.9 %
Expected life (in years)     5  
Schedule of Stock Option Activity

SARs activity for the nine months ended September 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       4.73       -  
Exercised     -       -       -       -  
Forfeited or cancelled     -       -       -       -  
SARs outstanding September 30, 2020     114,179       2.63       4.73       -  
SARs expected to vest in the future as of September 30, 2020     114,179       2.63       4.73       -  
SARs exercisable at September 30, 2020     -       -       -       -  
SARs vested, exercisable, and options expected to vest at September 30, 2020     114,179       2.63       4.73       -