Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.20.4
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 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 6,210  0.41  —  — 
Exercised (612) 0.37  —  — 
Forfeited (8,478) 0.91  —  — 
Outstanding - December 31, 2020 25,225  0.48  5.7 2,186 
Exercisable - December 31, 2020 22,254  0.46  5.3 2,010 
Vested or expected to vest - December 31, 2020 25,225  $ 0.48  5.7 $ 2,186 
Fair value 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:
For the years ended December 31,
2020 2019
Volatility 132.9% 126.1%
Risk-Free Interest Rate 0.5% 1.6%
Expected Term (in years) 5.33 2.74
Dividend Rate 0.0% 0.0%
Fair Value Per Share on Grant Date $0.36 $1.92