Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.21.2
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 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 6,550 0.55  —  — 
Exercised (2) 0.26  —  — 
Forfeited (632) 0.58  —  — 
Outstanding - September 30, 2021 31,141 0.50  5.9 51 
Exercisable - September 30, 2021 25,221 0.48  5.1 51 
Vested or expected to vest - September 30, 2021 31,141 $ 0.50  5.9 $ 51 
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,
2021 2020 2021 2020
Volatility * 132.9% 133.7  % 132.9  %
Risk-Free Interest Rate * 0.4% 0.9  % 0.5  %
Expected Term (in years) * 5.85 5.61 5.32
Dividend Rate * —% —  % —  %
Fair Value Per Share on Grant Date * $0.47 $ 0.49  $ 0.36 
* there were no grants during the three months ended September 30, 2021.