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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2021
Retirement Benefits [Abstract] |
Schedule of exercise price | The options outstanding as of December 31, 2021, have been classified by exercise price, as follows: Schedule of exercise price
Outstanding |  | Exercisable |
|  |  |  |  | Weighted |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Average |  |  | Weighted |  |  |  |  |  | Weighted |
|  |  |  |  | Remaining |  |  | Average |  |  |  |  |  | Average |
Exercise |  | Number |  |  | Contractual |  |  | Exercise |  |  | Number |  |  | Exercise |
Price |  | Outstanding |  |  | Life (Years) |  |  | Price |  |  | Exercisable |  |  | Price |
$2.15 - $2.62 |  |  | 3,395,000 |  |  |  | 9.75 |  |  | $ | 2.35 |  |  |  | 266,152 |  |  | $ | 2.51 |
$480 - $560 |  |  | 894 |  |  |  | 3.95 |  |  | $ | 537.34 |  |  |  | 814 |  |  | $ | 535.12 |
$1,208 - $1,352 |  |  | 25 |  |  |  | 2.25 |  |  | $ | 1,336.00 |  |  |  | 25 |  |  | $ | 1,336.00 |
$2.15 - $1,352 |  |  | 3,395,919 |  |  |  | 9.75 |  |  | $ | 2.50 |  |  |  | 266,991 |  |  | $ | 4.26 |
Issuances outside of the Plan
1.79 |  |  | 850,000 |  |  |  | 8.72 |  |  | $ | 1.79 |  |  |  | 708,221 |  |  | $ | 1.79 |
$2.46 - $2.55 |  |  | 2,150,000 |  |  |  | 9.33 |  |  | $ | 2.54 |  |  |  | - |  |  |  | - |
$1.79 - $2.55 |  |  | 3,000,000 |  |  |  | 9.16 |  |  | $ | 2.33 |  |  |  | 708,221 |  |  | $ | 1.79 |
Total Options
$1.79 - $1,352 |  |  | 6,395,919 |  |  |  | 9.47 |  |  | $ | 2.42 |  |  |  | 975,212 |  |  | $ | 2.47 |
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 year ended December 31, 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 year ended December 31, 2021 and 2020, was comprised as follows:
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |
General and administrative |  | $ | 7,750,000 |  |  | $ | 1,106,000 |
Total stock-based compensation |  | $ | 7,750,000 |  |  | $ | 1,106,000 |
A summary of option activity under the Company’s stock option plans as of December 31, 2021 and 2020, and changes during the years ended are as follows: | A summary of option activity under the Company’s stock option plans as of December 31, 2021 and 2020, and changes during the years 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 |  | 6.33 |  | $0 |
Restricted stock awards |  | (96,875) |  | — |  |  |  |  |  |  |
Forfeited |  | 463 |  | (463) |  | $781 |  |  |  |  |
January 1, 2021 |  | 6,693 |  | 925 |  | $564 |  | 4.87 |  | $0 |
Authorized |  | 7,500,000 |  |  |  |  |  |  |  |  |
Stock options granted |  | (3,395,000) |  | 3,395,000 |  | $2.35 |  |  |  |  |
Restricted stock awards |  | (1,270,000) |  | — |  |  |  |  |  |  |
Forfeited |  | 6 |  | (6) |  | $1,352 |  |  |  |  |
December 31, 2021 |  | 2,841,699 |  | 3,395,919 |  | $2.52 |  | 9.75 |  | $0 |

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