Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.21.1
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2021
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, 2020 25,225 $ 0.48  5.7 $ 2,186 
Granted 5,350 0.59  —  — 
Exercised — —  —  — 
Forfeited (28) 0.61  —  — 
Outstanding - March 31, 2021 30,547 0.50  6.3 1,991 
Exercisable - March 31, 2021 22,869 0.46  5.1 1,883 
Vested or expected to vest - March 31, 2021 30,547 $ 0.50  6.3 $ 1,991 
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 March 31,
2021 2020
Volatility 134.1% 135.4%
Risk-Free Interest Rate 1.0% 0.6%
Expected Term (in years) 5.61 5.29
Dividend Rate —% —%
Fair Value Per Share on Grant Date $0.53 $0.29