Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.22.2.2
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 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 500 0.03  —  — 
Exercised — —  —  — 
Cancelled (11,245) 0.51  —  — 
Outstanding - September 30, 2022 19,418 0.47  3.6 — 
Exercisable - September 30, 2022 18,138 0.48  3.3 — 
Vested or expected to vest - September 30, 2022 19,418 $ 0.47  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 September 30, Nine months ended September 30,
2022 2021 2022 2021
Volatility 120.0% * 120.0% 133.7%
Risk-Free Interest Rate 3.0% * 3.0% 0.9%
Expected Term (in years) 5.52 * 5.52 5.61
Dividend Rate —% * —% —%
Fair Value Per Share on Grant Date $0.03 * $0.03 $0.49
* There were no grants during the three months ended September 30, 2021.