Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.23.1
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2023
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, 2022 19,831 $ 0.46  3.5 $ — 
Granted 7,450 0.04  —  — 
Exercised — —  —  — 
Cancelled (2,550) 0.45  —  — 
Outstanding - March 31, 2023 24,731 0.33  5.1 4 
Exercisable - March 31, 2023 16,318 0.48  2.7 — 
Vested or expected to vest - March 31, 2023 24,731 $ 0.33  5.1 $ 4 
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,
2023 2022
Volatility 132.0% *
Risk-Free Interest Rate 3.8% *
Expected Term (in years) 5.77 *
Dividend Rate —% *
Fair Value Per Share on Grant Date $0.04 *
* There were no grants during the three months ended March 31, 2022.