Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.21.2
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

The following table summarizes the Company’s stock option activity for the nine months ended September 30, 2021 and 2020:

 

                Weighted        
                Average        
          Weighted     Remaining        
          Average     Contractual     Aggregate  
    Number of     Exercise     Life     Intrinsic  
    Options     Price     (in Years)     Value  
Outstanding - January 1, 2021     66,126     $ 5.24       8.3     $      -  
Granted     30,000       2.10       9.7          
Exercised     -       -       -          
Forfeited     (30,000 )     3.69       -          
Outstanding - September 30 2021     66,126     $ 4.52       8.6     $ -  
                                 
Exercisable at September 30, 2021     36,126     $ 6.53       6.6     $ -  

 

                Weighted        
                Average        
          Weighted     Remaining        
          Average     Contractual     Aggregate  
    Number of     Exercise     Life     Intrinsic  
    Options     Price     (in Years)     Value  
Outstanding - January 1, 2020     295,793     $ 8.88              7.5     $      -  
Granted     30,000       3.69       9.7          
Exercised     -       -       -          
Forfeited     (259,667 )     9.21       -          
Outstanding - September 30, 2020     66,126     $ 5.24       8.6     $ -  
                                 
Exercisable at September 30, 2020     26,126     $ 8.18       4.2     $ -  
Schedule of Restricted Stock Award Activity

As of September 30, 2021 and 2020, the following is a summary of restricted stock activity:

    Number of  
    Shares  
Outstanding - January 1, 2021     233,875  
Granted     59,524  
Forfeited     -  
Vested     (133,875 )
Outstanding - September 30, 2021     159,524  

 

    Number of  
    Shares  
Outstanding - January 1, 2020     27,319  
Granted     306,775  
Forfeited     -  
Vested     (127,319 )
Outstanding - September 30, 2020     206,775