Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.22.2.2
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2022
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, 2021 30,163 $ 0.49  5.5 $ — 
Granted — —  —  — 
Exercised — —  —  — 
Forfeited (8,517) 0.50  —  — 
Outstanding - June 30, 2022 21,646 0.49  3.6 — 
Exercisable - June 30, 2022 19,120 0.50  3.9 — 
Vested or expected to vest - June 30, 2022 21,646 $ 0.49  3.6 $ — 
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 June 30, Six months ended June 30,
2022 2021 2022 2021
Volatility * 132.1% * 133.7%
Risk-Free Interest Rate * 0.8% * 0.9%
Expected Term (in years) * 5.49 * 5.61
Dividend Rate * —% * —%
Fair Value Per Share on Grant Date * $0.32 * $0.49
* There were no grants during the three and six months ended June 30, 2022.