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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Stock-Based Compensation  
Schedule of share-based compensation expense

Stock-based compensation expense was included in general and administrative as follows in the accompanying statements of comprehensive loss:

Year Ended

December 31, 

2022

    

2021

General and administrative

$

854

$

662

Schedule of stock option plan activity

Weighted

Weighted

Average

Aggregate

Average

Remaining

Intrinsic

Number of

Exercise

Contractual

Value

Options

Price

Term (years)

(in thousands)

Outstanding at January 1, 2021

30,676

$

108.32

8.5

$

Granted

22,555

$

67.80

$

Exercised

(6,096)

$

17.90

$

364

Forfeited/Cancelled

(14,637)

$

57.89

$

Outstanding at December 31, 2021

32,498

$

119.72

9.3

$

Granted

5,995

$

17.83

$

Exercised

-

$

$

Forfeited/Cancelled

(2,000)

$

181.20

$

Outstanding at December 31, 2022

36,493

$

99.62

8.5

$

-

Vested and expected to vest at December 31, 2022

36,493

$

99.62

8.5

$

-

Options exercisable at December 31, 2022

17,903

$

146.70

8.1

$

-

Schedule of unvested stock options

The following table summarizes the Company’s unvested stock options as of and for the year ended December 31, 2022:

Weighted

Average

Number of

Grant Date

Options

Fair Value

Nonvested at January 1, 2022

25,725

$

59.09

Granted

5,995

$

12.43

Vested

(12,018)

$

64.90

Forfeited/Cancelled

(1,112)

$

117.26

Nonvested as of December 31, 2022

18,590

$

36.81

Schedule of assumptions used in the Black Scholes option-pricing model

Year Ended

December 31,

    

2022

2021

Expected stock price volatility

80.7-85.2

%

79.0-80.4

%

Expected life of options (years)

5.5-5.8

5.8

Expected dividend yield

%

%

Risk free interest rate

1.72-3.08

%

0.93-1.33

%