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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
SCHEDULE OF WEIGHTED-AVERAGE ASSUMPTIONS TO ESTIMATE THE FAIR VALUE OF THE OPTIONS GRANTED

We used the following weighted-average assumptions to estimate the grant date fair value of the stock options granted for the years indicated:

 

   For the years ended December 31, 
   2020   2019 
Expected volatility   110%   108%
Expected term   6.2 years    5.1 years 
Risk-free interest rate   0.30%   2.21%
Expected dividend yield   0.00%   0.00%
2015 Equity Incentive Plan [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
SCHEDULE OF OPTIONS ACTIVITY

Summarized stock option information for the 2015 Equity Incentive Plan is as follows:

 

   Options   Weighted-
average
exercise
 price
 
Outstanding options at January 1, 2019   5,525,405   $8.08 
           
Granted, fair value of $5.14 per share   1,490,490   $6.53 
Exercised   (303,129)   3.20 
Expired/forfeited   (917,371)   7.95 
Outstanding options at December 31, 2019   5,795,395   $7.96 
Outstanding options at January 01, 2020   5,795,395    7.96 
Granted, fair value of $1.88 per share   2,645,146   $2.26 
Exercised   (77,560)   2.28 
Expired/forfeited   (2,802,242)   6.52 
Outstanding options at December 31, 2020   5,560,739   $2.21 
           
Non-vested options at December 31, 2019   2,342,706   $8.78 
Non-vested options at December 31, 2020   2,507,203   $1.29 
SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE

Further information regarding options outstanding under the 2015 Equity Incentive Plan as of December 31, 2020 is summarized below:

 

            Weighted-average       Weighted-average 
Range of exercise prices   Number of options outstanding   Remaining life in years   Exercise price   Number of options exercisable   Remaining life in years   Exercise price 
$1.02   $1.28    4,562,630    7.8   $1.20    2,077,915    6.3   $1.23 
 2.31    2.59    161,642    1.4    2.31    161,642    1.4    2.31 
 4.38    4.78    357,925    3.2    4.43    357,925    3.2    4.43 
 6.59    7.42    298,865    2.6    7.33    298,865    2.6    7.33 
 8.54    13.65    66,567    6.5    13.26    47,817    6.3    13.10 
 14.45    16.02    113,110    1.1    15.96    109,372    1.0    15.96 
           5,560,739              3,053,536           
SUMMARY OF RESTRICTED STOCK ACTIVITY

Restricted Common Stock: Summarized stock option information for the 2015 Equity Incentive Plan is as follows:

 

   Restricted
common
stock
awards
   Weighted-
average
grant date
fair value
 
Outstanding awards at January 1, 2019   -   $- 
           
Granted   376,625   $3.14 
Vested   -    - 
Forfeited   (22,000)   3.14 
Outstanding awards at December 31, 2019   354,625   $3.14 
Outstanding awards at January 01, 2020   354,625    3.14 
Granted   5,290,312   $1.75 
Vested   (817,054)   2.26 
Forfeited   (1,875,384)   1.75 
Outstanding awards at December 31, 2020   2,952,499   $1.78 
2005 Equity Incentive Plan [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
SCHEDULE OF OPTIONS ACTIVITY

Summarized information for the 2005 Equity Incentive Plan is as follows:

 

   Options   Weighted-
average
exercise
price
 
Outstanding options at January 1, 2019   316,400   $14.15 
           
Expired/forfeited   (56,400)   19.75 
Outstanding options at December 31, 2019   260,000   $12.94 
Outstanding options at January 01, 2020   260,000    12.94 
Expired/forfeited   (135,200)   6.80 
Outstanding options at December 31, 2020   124,800   $8.55 
SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE

Further information regarding options outstanding under the 2005 Equity Incentive Plan as of December 31, 2020 is summarized below:

 

            Weighted-average       Weighted-average 
Range of exercise prices   Number of options outstanding   Remaining life in years   Exercise price   Number of options exercisable   Remaining life in years   Exercise price 
$1.28   $1.28    80,000    3.2   $1.28    80,000    3.2   $1.28 
 11.50    18.50    42,000    2.4    18.17    42,000    2.4    18.17 
 30.50    113.50    2,800    0.6    72.00    2,800    0.6    72.00 
           124,800              124,800