Annual report pursuant to Section 13 and 15(d)

Stock Options, Warrants and Restricted Common Stock (Tables)

v3.21.1
Stock Options, Warrants and Restricted Common Stock (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Recognized Stock-based Compensation

The Company recognized total stock-based compensation expense during the years ended December 31, 2020 and 2019, from the following categories:

Years Ended December 31,

2020

2019

Restricted stock awards under the Plan

$

3,407

$

687

Stock option awards under the Plan

58

Total stock-based compensation

$

3,407

$

745

Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity in the years ended December 31, 2020 and 2019 is as follows:

Number of Shares

Weighted Average Grant-Date

Fair Value

Unvested at January 1, 2019

95,939

$

12.49

 

Vested

(58,772

)

$

7.66

 

Granted

1,542,332

$

1.41

 

Forfeited

(55,000

)

$

14.95

 

Unvested at December 31, 2019

1,524,499

$

1.37

 

Vested

(2,435,553

)

$

1.34

 

Granted

1,544,359

$

1.27

 

Unvested at December 31, 2020

633,305

$

1.27

 

Summary of Stock Incentive Plan Activity

Shares Underlying Options

Weighted Average

Exercise Price

Weighted Average

Remaining

Contractual

Term (Years)

Aggregate Intrinsic Value

Outstanding at January 1, 2019

62,000

$

15.71

9.2

$

 

Granted

$

 

Exercised

$

 

Forfeited

(50,000

)

$

18.50

 

Outstanding at December 31, 2019

12,000

$

4.09

3.7

$

 

Exercisable at December 31, 2020

12,000

$

4.09

2.7

$

155

 

Schedule of Changes in Outstanding Warrants

As of December 31, 2020, the Company had outstanding, 2,061,770 warrants issued in connection with offerings. The following is a summary of the change in outstanding warrants during the years ended December 31, 2020 and 2019:

Shares Underlying

Options/Warrants

Weighted Average

Exercise Price

Weighted Average

Remaining Contractual

Term (Years)

Aggregate Intrinsic

Value

Outstanding at January 1, 2019

1,671,113

$

39.47

2.0

$

Issued

1,908,144

$

1.94

5.2

Forfeited

(5,000

)

$

7.90

Outstanding at December 31, 2019

3,574,257

$

19.48

2.9

Exercised

(1,492,487

)

$

1.94

Forfeited

(20,000

)

$

3.50

Outstanding and exercisable at December 31, 2020

2,061,770

$

32.33

1.1

$

6,256