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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2021
Retirement Benefits [Abstract]  
The options outstanding as of September 30, 2021, have been classified by exercise price, as follows

The options outstanding as of September 30, 2021, have been classified by exercise price, as follows:

 

Outstanding   Exercisable 
        Weighted             
        Average   Weighted       Weighted 
        Remaining   Average       Average 
Exercise   Number   Contractual   Exercise   Number   Exercise 
Price   Outstanding   Life (Years)   Price   Exercisable   Price 
$2.51    1,760,000   9.90   $2.51    141,900   $2.51 
$480 - $560    894   4.20   $537.34    774   $533.84 
$1,208 - $1,352    25   2.50   $1,336.00    25   $1,336.00 
$480 - $1,352    1,760,919   9.90   $2.80    142,699   $5.63 
                          
Issuances Outside of Plans
$1.79    

850,000

  

8.97

   $

1.79

    569,591   $1.79 

$2.46 - $2.55

    

2,150,000

   9.58   $

2.54

    -     
$1.79 - $2.55    3,000,000   9.41   $2.33    569,591   $1.79 
                          
Total Options
$1.79 - $1,856    4,760,919   9.59   $2.50    712,290   $2.56 

 

The total stock-based compensation expense related to stock options and stock awards issued to the Company’s employees, consultants and directors, included in reported net loss for the three and nine months ended September 30, 2021 and 2020, was comprised as follows

The total stock-based compensation expense related to stock options and stock awards issued to the Company’s employees, consultants and directors, included in reported net loss for the three and nine months ended September 30, 2021 and 2020, was comprised as follows:

 

                             
   Three Months Ended
September 30,
  

Nine Months Ended

September 30,

 
   2021   2020   2021   2020 
General and administrative  $4,148,000   $20,000   $4,732,000   $272,000 
Total stock-based compensation  $4,148,000   $20,000   $4,732,000   $272,000 
A summary of option activity under the Company’s stock option plans as of September 30, 2021, and changes during the nine months ended are as follows

A summary of option activity under the Company’s stock option plans as of September 30, 2021, and changes during the nine months ended are as follows:

 

        Outstanding Options 
                  Weighted      
             Weighted   Average      
   Shares        Average   Remaining   Aggregate 
   Available   Number   Exercise   Contractual   Intrinsic 
   for Grant   of Options   Price   Life (years)    Value 
January 1, 2020   103,105    1,388   $636.47   6.33   $0 
Restricted stock awards   (96,875)                  
Forfeited   463    (463)   780.54          
January 1, 2021   6,693    925   $564.43   4.87   $0 
Authorized   7,500,000                    
Stock options granted   (1,760,000)   1,760,000   $2.51          
Restricted stock awards   (1,070,000)                  
Forfeited   6    (6)  $1,352          
September 30, 2021   4,676,699    1,760,919   $2.80   9.90   $0