Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.23.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 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 7,700 0.05  —  — 
Exercised — —  —  — 
Cancelled (3,346) 0.46  —  — 
Outstanding - September 30, 2023 24,185 0.33  4.6 38 
Exercisable - September 30, 2023 17,098 0.44  2.6 8 
Vested or expected to vest - September 30, 2023 24,185 $ 0.33  4.6 $ 38 
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,
2023 2022 2023 2022
Volatility * 120.0% 132.0% 120.0%
Risk-Free Interest Rate * 3.0% 3.8% 3.0%
Expected Term (in years) * 5.52 5.77 5.52
Dividend Rate * —% —% —%
Weighted Average Fair Value Per Share on Grant Date * $0.03 $0.04 $0.03
* There were no grants during the three months ended September 30, 2023.