Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.20.2
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Stock option activity
The following summarizes activity related to the Company's stock options (in thousands, except per share data):
Number of Shares Weighted Average
Exercise Price		 Weighted Average
Remaining Contract
Term (in years)		 Aggregate Intrinsic Value
Outstanding - December 31, 2019 28,105 $ 0.80  5.4 $ 12,335 
Granted 6,165 0.41  —  — 
Exercised (612) 0.86  —  — 
Forfeited (7,503) 1.13  —  — 
Outstanding - September 30, 2020 26,155 0.50  5.9 5,169 
Exercisable - September 30, 2020 22,265 0.48  5.5 4,608 
Vested or expected to vest - September 30, 2020 26,155 $ 0.50  5.9 $ 5,169 
Schedule of share-based payment award, stock options, valuation assumptions
The following table presents the weighted average grant date fair value of stock options granted and the weighted-average assumptions used to estimate the fair value on the date of grant using the Black-Scholes valuation model:
Three months ended September 30, Nine months ended September 30,
2020 2019 2020 2019
Volatility 132.9% 106.0% 132.9% 112.3%
Risk-Free Interest Rate 0.4% 1.7% 0.5% 2.3%
Expected Term (in years) 5.85 5.87 5.32 5.75
Dividend Rate —% —% —% —%
Fair Value Per Share on Grant Date $0.47 $3.16 $0.36 $3.83