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Stockholders Equity and StockBased Compensation (Tables) | 9 Months Ended
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Sep. 30, 2021
Stockholders Equity and StockBased Compensation |
Schedule of Warrants Outstanding |
|  | September 30, |  |  | December 31, |
Outstanding Warrants |  | 2021 |  |  | 2020 |
Issued to Investors on October 25, 2013, entitling the holders to purchase 20,833 common shares in the Company at an exercise price of $138.00 per common share up to and including April 24, 2021. In 2016, 4,954 of these warrants were exchanged for common stock, and all remaining warrant holders agreed to new warrant terms, which excluded any potential net cash settlement provisions in exchange for a reduced exercise price of $75.00 per share (warrants expired). |  |  | - |  |  |  | 13,665 |
Issued to Investors on November 17, 2014, entitling the holders to purchase 45,577 common shares in the Company at an exercise price of $138.60 per common share up to and including May 16, 2022. On June 30, 2016, the warrant holders agreed to new warrant terms, which excluded any potential net cash settlement provisions in order to classify them as equity in exchange for a reduced exercise price of $75.00 per share. |  |  | 45,577 |  |  |  | 45,577 |
Issued to an investment bank and subsequently transferred to a principal of the investment bank regarding the Series B Preferred Stock investment on January 30, 2018, entitling the holder to purchase 11,119 common shares in the Company at an exercise price of $18.00 per share, up to and including January 30, 2021 (warrants expired). |  |  | - |  |  |  | 11,119 |
Total |  |  | 45,577 |  |  |  | 70,361 |
Schedule of Share-based Compensation, Stock Options, Activity |
Expected volatility |  |  | 95.15% to 131.85 | %
Risk free interest rate |  |  | 0.06% to 0.93% |
Dividend yield rate |  |  | 0 |
Weighted average years |  |  | 1-6 years |
Closing price per share – common stock |  | $ | $4.55 to $6.51 |
Schedule of Stock option transactions of the employees |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
General and administrative expenses |  | $ | 54,000 |  |  | $ | (4,000 | ) |  | $ | 301,000 |  |  | $ | 8,000 |
Total stock-based compensation expense |  | $ | 54,000 |  |  | $ | (4,000 | ) |  | $ | 301,000 |  |  | $ | 8,000 |
|  | Options Outstanding |  |  | Weighted Average Exercise Price |  |  | Weighted Average Grant Date Fair Value |
Beginning of the period – January 1, 2021 |  |  | 515,847 |  |  | $ | 20.23 |  |  | $ | 14.51 |
Granted |  |  | 58,164 |  |  |  | 6.72 |  |  |  | 2.58 |
Exercised |  |  | - |  |  |  | - |  |  |  | - |
Forfeited |  |  | (3,997 | ) |  |  | 62.52 |  |  |  | 43.63 |
Expired |  |  | (1,019 | ) |  |  | 329.81 |  |  |  | 291.73 |
End of the period – September 30, 2021 |  |  | 568,995 |  |  | $ | 18.00 |  |  | $ | 12.59 |
Options exercisable |  |  | 557,229 |  |  | $ | 18.26 |  |  | $ | 12.77 |
Schedule of Non-Vested Options, Activity |
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Fair Value Grant Date |
Non-vested – December 31, 2019 |  |  | 84,873 |  |  |  | 10.73 |  |  |  | 5.15 |
Granted |  |  | 7,634 |  |  |  | 4.45 |  |  |  | 3.28 |
Vested |  |  | (41,552 | ) |  |  | 10.80 |  |  |  | 8.29 |
Forfeited |  |  | (1,229 | ) |  |  | 10.80 |  |  |  | 8.33 |
Non-vested – December 31, 2020 |  |  | 49,726 |  |  |  | 9.71 |  |  |  | 7.44 |
Granted |  |  | 58,164 |  |  |  | 6.72 |  |  |  | 2.58 |
Vested |  |  | (96,124 | ) |  |  | 8.40 |  |  |  | 4.89 |
Forfeited |  |  | - |  |  |  | - |  |  |  | - |
Non-vested – September 30, 2021 |  |  | 11,766 |  |  |  | 5.71 |  |  |  | 4.25 |
Schedule of Stock options Exercisable |
|  | Stock Options Outstanding |  |  | Stock Options Vested |
|  | Weighted |  |  |  |  |  |  |  |  | Weighted |  |  |  |  |  |  |
|  | Average |  |  |  |  |  |  |  |  | Average |  |  |  |  |  |  |
|  | Remaining |  |  |  |  |  | Weighted |  |  | Remaining |  |  |  |  |  | Weighted |
|  | Contractual |  |  | Number |  |  | Average |  |  | Contractual |  |  | Number |  |  | Average |
|  | Life |  |  | of |  |  | Exercise |  |  | Life |  |  | of |  |  | Exercise |
Exercise Prices |  | -Years |  |  | Awards |  |  | Price |  |  | -Years |  |  | Awards |  |  | Price |
$ 3.82-$9.00 |  |  | 5.59 |  |  |  | 150,479 |  |  | $ | 5.10 |  |  |  | 5.28 |  |  |  | 138,713 |  |  | $ | 5.05 |
$ 9.01-$12.48 |  |  | 6.85 |  |  |  | 132,864 |  |  | $ | 10.80 |  |  |  | 6.85 |  |  |  | 132,864 |  |  | $ | 10.80 |
$ 12.49-$24.00 |  |  | 5.38 |  |  |  | 199,790 |  |  | $ | 14.19 |  |  |  | 5.38 |  |  |  | 199,790 |  |  | $ | 14.19 |
$ 24.01-$72.00 |  |  | 3.97 |  |  |  | 62,771 |  |  | $ | 55.07 |  |  |  | 3.97 |  |  |  | 62,771 |  |  | $ | 55.07 |
$ 72.01-$75.60 |  |  | 3.40 |  |  |  | 23,091 |  |  | $ | 75.59 |  |  |  | 3.40 |  |  |  | 23,091 |  |  | $ | 75.59 |
Total |  |  | 5.55 |  |  |  | 568,995 |  |  | $ | 18.00 |  |  |  | 5.47 |  |  |  | 557,229 |  |  | $ | 18.26 |
Summary of RSUs activity |
Schedule of fair value of options |
|  | Year Ending December 31, |
|  | 2021 |  |  | 2022 |  |  | 2023 |  |  | Total |
Scheduled vesting |  |  | 78,617 |  |  |  | 78,616 |  |  |  | 78,617 |  |  |  | 235,850 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
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