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Stockholders' Equity / (Deficit) (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Stock Options Assumptions

The following was used in determining the fair value of stock options granted during the three months and nine months ended September 30, 2020:

		For the Three Months Ended September 30, 2020				For the Nine Months Ended September 30, 2020
Dividend yield			-				-
Expected price volatility			45	%			45% - 57	%
Risk free interest rate			0.23% - 0.38	%			0.23% - 0.58	%
Expected term			5.3 - 6.1				5.3 - 6.1

Schedule of Stock Option Activity

A summary of activity under the Plan for the nine months ended September 30, 2020 is as follows (in thousands, except share and per share amounts):

		Number of Shares				Weighted Average Exercise Price				Total Intrinsic Value				Weighted Average Remaining Contractual Life (in years)
Outstanding as of December 31, 2019			16,667			$	28.20			$	-				7.3
Options assumed from Merger			8,051,098			$	1.31
Granted			7,141,899			$	8.79
Exercised			(226,740	)		$	1.43
Forfeited or expired			(389,008	)		$	0.83
Outstanding as of September 30, 2020			14,593,916			$	4.99			$	61,234				8.2
Options vested and exercisable as of September 30, 2020			6,081,567			$	2.01			$	42,736				6.9

Summary of Outstanding Warrants Activity

A summary of the Company’s outstanding warrants as of September 30, 2020 are presented below (in thousands, except share and per share amounts):

		Number of Warrants				Weighted Average Exercise Price				Total Intrinsic Value				Weighted Average Remaining Contractual Life  (in years)
Outstanding as of December 31, 2019			200,007			$	13.31			$	-				0.2
Issued			9,538,526			$	6.62			$	23,119				1.7
Expired			(200,000	)		$	-			$	-				-
Outstanding as of September 30, 2020			9,538,533			$	5.80			$	32,670				2.6
Warrants exercisable as of September 30, 2020			9,538,533			$	5.80			$	32,670				2.6

Market and Service Condition Based Options [Member]

Schedule of Stock Options Assumptions

Stock based compensation expense is based on the estimated value of the awards on the grant date, and is recognized over the period from the grant date through the expected vest dates of each vesting condition, both of which were estimated based on a Monte Carlo simulation model applying the following key assumptions as of the grant date:

Dividend yield			—	%
Expected volatility			76.0 – 88.1	%
Risk free rate			0.24 – 0.30	%
Derived service period			1.59 – 1.91

Schedule of Stock Option Activity

A summary of activity under the Plan for market and service based stock options for the nine months ended September 30, 2020 is as follows (in thousands, except share and per share amounts):

		Number of Shares				Weighted Average Exercise Price				Total Intrinsic Value				Weighted Average Remaining Contractual Life (in years)
Outstanding as of December 31, 2019			-			$	-			$	-				-
Granted			3,078,297			$	9.69								6.8
Outstanding as of September 30, 2020			3,078,297			$	9.69			$	450				6.6
Options vested and exercisable as of September 30, 2020			-			$	9.69			$	-				6.6

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Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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