XML 44 R34.htm IDEA: XBRL DOCUMENT v3.22.2.2
Stock-Based Compensation (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended
Oct. 07, 2022
Jun. 30, 2022
Jun. 17, 2022
Jun. 30, 2021
May 11, 2021
Apr. 09, 2021
Jan. 06, 2021
Aug. 12, 2020
Aug. 01, 2020
Jul. 15, 2020
Jul. 14, 2020
Jun. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Shares outstanding                         3,325,000   3,325,000   2,666,667
Stock based compensation                         $ 396,883 $ 347,222 $ 1,160,649 $ 1,854,058  
Number of fully vested option exercisable                         2,446,875   2,446,875    
Total deferred compensation expense for outstanding value of unvested stock options                             $ 1,411,000    
Fair market value, per share                             $ 0.55    
Outstanding stock options to acquire shares of common stock not vested                         878,125   878,125    
Director [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Stock options are exercisable price per share             $ 3.21                    
Fair value of stock options             $ 571,312                    
Stock price per share             $ 2.8566                    
Number of fully vested option issued             200,000                    
Five Non Officer Directors [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Stock options description       the Board of Directors, in accordance with the Company’s cash and equity compensation package for members of the Board of Directors, granted to each of the five non-officer directors of the Company stock options exercisable for a period of five years to purchase 100,000 shares (a total of 500,000 shares) of the Company’s common stock at an exercise price of $3.03 per share (the closing market price on the grant date), vesting 12.5% on the last day of each subsequent calendar quarter-end until fully vested. The total fair value of the 500,000 stock options, as calculated pursuant to the Black-Scholes option-pricing model, was determined to be $1,421,095 ($2.84225 per share), which is being charged to operations ratably from July 1, 2021 through June 30, 2023. During the three months ended September 30, 2022 and 2021, the Company recorded charges to general and administrative costs in the consolidated statement of operations of $179,100 and $179,100, respectively, with respect to these stock options. During the nine months ended September 30, 2022 and 2021, the Company recorded charges to general and administrative costs in the consolidated statement of operations of $531,455 and $179,100, respectively, with respect to these stock options                          
Stock option vested exercisable term       5 years                          
Stock options are exercisable price per share       $ 3.03               $ 3.03          
Fair value of stock options                       $ 1,421,095          
Stock price per share       $ 2.84225               $ 2.84225          
Stock based compensation                         $ 179,100 179,100 $ 531,455 179,100  
Number of fully vested option exercisable   100,000   100,000               100,000          
Stock options granted to purchase common stock, issued       500,000                          
Non Officer Directors [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Stock options description   the Board of Directors, in accordance with the Company’s cash and equity compensation package for members of the Board of Directors, granted to each of the five non-officer directors of the Company stock options exercisable for a period of five years to purchase 100,000 shares (a total of 500,000 shares) of the Company’s common stock at an exercise price of $0.74 per share (the closing market price on the grant date), vesting 12.5% on the last day of each subsequent calendar quarter-end until fully vested. The total fair value of the 500,000 stock options, as calculated pursuant to the Black-Scholes option-pricing model, was determined to be $316,700 ($0.6334 per share), which is being charged to operations ratably from July 1, 2022 through June 30, 2024. During the three months and nine months ended September 30, 2022, the Company recorded charges to general and administrative costs in the consolidated statement of operations of $39,860 and $39,860, respectively, with respect to these stock options                              
Stock option vested exercisable term       5 years                          
Stock options are exercisable price per share   $ 0.74                              
Fair value of stock options   $ 316,700                              
Stock price per share   $ 0.6334                              
Stock based compensation                         39,860   39,860    
Number of fully vested option exercisable   500,000   500,000               500,000          
Stock options granted to purchase common stock, issued   500,000                              
BasvanderBaan [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Stock options description     the Board of Directors appointed Bas van der Baan to the Board of Directors. In connection with his appointment to the Board of Directors, and in accordance with the Company’s cash and equity compensation package for members of the Board of Directors, Mr. Baan was granted options exercisable for a period of five years to purchase 250,000 shares of the Company’s common stock at an exercise price of $0.74 per share (the closing market price on the grant date), vesting 50% on the grant date and the remainder vesting 12.5% on the last day of each subsequent calendar quarter-end until fully vested. The fair value of these stock options, as calculated pursuant to the Black-Scholes option-pricing model, was determined to be $158,525 ($0.6341 per share), of which $79,263 was attributable to the stock options fully-vested on June 17, 2022 and was therefore charged to operations on that date. The remaining unvested portion of the fair value of the stock options is being charged to operations ratably from June 17, 2022 through June 30, 2024. During the three months and nine months ended September 30, 2022, the Company recorded charges to general and administrative costs in the consolidated statement of operations of $9,801 and $90,449, respectively, with respect to these stock options                            
Stock option vested exercisable term     5 years                            
Stock options are exercisable price per share     $ 0.74                            
Fair value of stock options     $ 158,525                            
Stock price per share     $ 0.6341                            
Stock based compensation                         9,801   90,449    
Number of fully vested option exercisable     250,000                            
Stock options granted to purchase common stock, issued     79,263                            
DrWinson SzeChunHo [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Number of fully vested option issued             50,000                    
Dr Yun Yen [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Number of fully vested option issued             50,000                    
Dr Stephen Forman [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Number of fully vested option issued             50,000                    
Philip Palmedo [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Number of fully vested option issued             50,000                    
Eric J. Forman [Member] | Employment Agreement [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Stock options granted to purchase common stock, issued                   58,333              
Stock options description                   On July 15, 2020, as amended on August 12, 2020, in connection with the employment agreement entered into with Eric J. Forman, Mr. Forman was granted options for 58,333 shares of the Company’s common stock. The options can be exercised on a cashless basis. The options have a term of five years and an exercise price of $7.14 per share, which was equal to the closing market price of the Company’s common stock on the grant date. The options vested 25% on August 12, 2020, 2021 and 2022, respectively, with the final 25% vesting on August 12, 2023, subject to continued service. The fair value of these stock options, as calculated pursuant to the Black-Scholes option-pricing model, was determined to be $400,855 ($6.8718 per share), of which $100,214 was attributable to the stock options fully-vested on August 12, 2020 and was therefore charged to operations on that date. The remaining unvested portion of the fair value of the stock options is being charged to operations ratably from August 12, 2020 through August 12, 2023. During the three months ended September 30, 2022 and 2021, the Company recorded charges to general and administrative costs in the consolidated statement of operations of $25,259 and $25,259, respectively, with respect to these stock options. During the nine months ended September 30, 2022 and 2021, the Company recorded charges to general and administrative costs in the consolidated statement of operations of $74,954 and $74,954, respectively, with respect to these stock options              
Stock option vested exercisable term                   5 years              
Stock options are exercisable price per share                   $ 7.14              
Fair value of stock options                   $ 400,855              
Stock price per share                   $ 6.8718              
Stock options fully vested amount, fair value               $ 100,214                  
Stock based compensation                         25,259 25,259 74,954 74,954  
Dr. James Miser [Member] | Employment Agreement [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Stock options granted to purchase common stock, issued                 83,334                
Stock options description                 Dr. James S. Miser, M.D., Dr. Miser was granted options for 83,334 shares of the Company’s common stock. The options can be exercised on a cashless basis. The options have a term of five years and an exercise price of $7.14 per share, which was equal to the closing market price of the Company’s common stock on the effective date of the employment agreement. The options vested 25% on August 1, 2020, 2021 and 2022, respectively, with the final 25% vesting on August 1, 2023, subject to continued service. The fair value of these stock options, as calculated pursuant to the Black-Scholes option-pricing model, was determined to be $572,650 ($6.8718 per share), of which $143,163 was attributable to the stock options fully-vested on August 1, 2020 and was therefore charged to operations on that date. The remaining unvested portion of the fair value of the stock options is being charged to operations ratably from August 1, 2020 through August 1, 2023. During the three months ended September 30, 2022 and 2021, the Company recorded charges to general and administrative costs in the consolidated statement of operations of $36,085 and $36,085, respectively, with respect to these stock options. During the nine months ended September 30, 2022 and 2021, the Company recorded charges to general and administrative costs in the consolidated statement of operations of $107,078 and $107,078, respectively, with respect to these stock options                
Stock options are exercisable price per share                 $ 7.14                
Fair value of stock options                 $ 572,650                
Stock price per share                 $ 6.8718                
Stock options fully vested amount, fair value                 $ 143,163                
Stock based compensation                         36,085 36,085 107,078 107,078  
Robert N. Weingarten [Member] | Employment Agreement [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Stock options granted to purchase common stock, issued               58,333                  
Stock options description               On August 12, 2020, in connection with the employment agreement entered into with Robert N. Weingarten, Mr. Weingarten was granted options for 58,333 shares of the Company’s common stock. The options can be exercised on a cashless basis. The options have a term of five years and an exercise price of $7.14 per share, which was equal to the closing market price of the Company’s common stock on the grant date. The options vested 25% on August 12, 2020, 2021 and 2022, respectively, with the final 25% vesting on August 12, 2023, subject to continued service. The fair value of these stock options, as calculated pursuant to the Black-Scholes option-pricing model, was determined to be $400,855 ($6.8718 per share), of which $100,214 was attributable to the stock options fully-vested on August 12, 2020 and was therefore charged to operations on that date. The remaining unvested portion of the fair value of the stock options is being charged to operations ratably from August 12, 2020 through August 12, 2023. During the three months ended September 30, 2022 and 2021, the Company recorded charges to general and administrative costs in the consolidated statement of operations of $25,259 and $25,259, respectively, with respect to these stock options. During the nine months ended September 30, 2022 and 2021, the Company recorded charges to general and administrative costs in the consolidated statement of operations of $74,954 and $74,954, respectively, with respect to these stock options                  
Stock options are exercisable price per share               $ 7.14                  
Fair value of stock options               $ 400,855                  
Stock price per share               $ 6.8718                  
Stock options fully vested amount, fair value               $ 100,214                  
Stock based compensation                         25,259 25,259 74,954 74,954  
DrWinson SzeChunHo [Member] | Director [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Stock options description           Winson Sze Chun Ho resigned from the Company’s Board of Directors to focus on clinical and pre-clinical cancer research in academic medicine. Concurrent with his resignation, the Board of Directors appointed Gil Schwartzberg to fill the vacancy created by Dr. Ho’s resignation. In connection with his appointment to the Board of Directors, and in accordance with the Company’s cash and equity compensation package for members of the Board of Directors, Mr. Schwartzberg was granted options exercisable for a period of five years to purchase 250,000 shares of the Company’s common stock at an exercise price of $3.20 per share (the closing market price on the grant date), vesting 50% on the grant date and the remainder vesting 12.5% on the last day of each subsequent calendar quarter-end until fully vested. The fair value of these stock options, as calculated pursuant to the Black-Scholes option-pricing model, was determined to be $753,611 ($3.0144 per share), of which $376,800 was attributable to the stock options fully-vested on April 9, 2021 and was therefore charged to operations on that date. The remaining unvested portion of the fair value of the stock options is being charged to operations ratably from April 9, 2021 through June 30, 2023. During the three months ended September 30, 2022 and 2021, the Company recorded charges to general and administrative costs in the consolidated statement of operations of $42,692 and $42,692, respectively, with respect to these stock options. During the nine months ended September 30, 2022 and 2021, the Company recorded charges to general and administrative costs in the consolidated statement of operations of $126,684 and $457,543, respectively, with respect to these stock options                      
Stock option vested exercisable term           5 years                      
Stock options are exercisable price per share           $ 3.20                      
Fair value of stock options           $ 753,611                      
Stock price per share           $ 3.0144                      
Stock options fully vested amount, fair value           $ 376,800                      
Stock based compensation                         42,692 42,692 126,684 457,543  
Number of fully vested option exercisable           250,000                      
Ms.Regina Brown [Member] | Director [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Stock options description         the Board of Directors appointed Regina Brown to the Board of Directors. In connection with her appointment to the Board of Directors, and in accordance with the Company’s cash and equity compensation package for members of the Board of Directors, Ms. Brown was granted options exercisable for a period of five years to purchase 250,000 shares of the Company’s common stock at an exercise price of $2.80 per share (the closing market price on the grant date), vesting 50% on the grant date and the remainder vesting 12.5% on the last day of each subsequent calendar quarter-end until fully vested. The fair value of these stock options, as calculated pursuant to the Black-Scholes option-pricing model, was determined to be $658,363 ($2.6335 per share), of which $329,188 was attributable to the stock options fully-vested on May 11, 2021 and was therefore charged to operations on that date. The remaining unvested portion of the fair value of the stock options is being charged to operations ratably from May 11, 2021 through June 30, 2023. During the three months ended September 30, 2022 and 2021, the Company recorded charges to general and administrative costs in the consolidated statement of operations of $38,827 and $38,827, respectively, with respect to these stock options. During the nine months ended September 30, 2022 and 2021, the Company recorded charges to general and administrative costs in the consolidated statement of operations of $115,215 and $389,117, respectively, with respect to these stock options                        
Stock option vested exercisable term         5 years                        
Stock options are exercisable price per share         $ 2.80                        
Fair value of stock options         $ 658,363                        
Stock price per share         $ 2.6335                        
Stock options fully vested amount, fair value         $ 329,188                        
Stock based compensation                         $ 38,827 $ 38,827 $ 115,215 $ 389,117  
Number of fully vested option exercisable         250,000                        
2020 Stock Incentive Plan [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Shares issued                             2,100,000    
Shares outstanding                         2,100,000   2,100,000    
Shares were available for issuance                         233,333   233,333    
Stock options granted to purchase common stock, issued 4,133,333                                
2020 Stock Incentive Plan [Member] | Subsequent Event [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Common shares avaliable for issuable 1,800,000                                
2020 Stock Incentive Plan [Member] | Maximum [Member]                                  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                                  
Number of restricted stock issued                     2,333,333