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]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award The following table contains information about the Company's equity incentive plans as of September 30, 2022:
Awards Reserved for Issuance Awards Exercised Awards Outstanding Awards Available for Grant
2016 Equity Incentive Plan 999,906  —  499,953  499,953 
2018 Equity Incentive Plan 31,405,648  4,022,133  14,009,842  13,373,673 
2019 Equity Incentive Plan 108,892,137  34,884  73,053,116  35,804,137 
Share-based Payment Arrangement, Activity
The following table sets forth the total stock-based compensation expense resulting from stock options and restricted grants of common stock to employees, directors and non-employee consultants in the consolidated statement of operations which are included in selling, general and administrative expenses:
(in thousands, except for shares / options)
  For the Three Months Ended
  September 30, 2022 September 30, 2021
Type of Award Number of
Shares or
Options
Granted
Stock-Based
Compensation
Expense
Number of
Shares or
Options
Granted
Stock-Based
Compensation
Expense
 
Stock Options $ 276  83,020,303 $ 780 
Stock Grants:
Directors (Common Stock) $ —  32 
Non–Employee Consultants (Common Stock) 6,472,492 $ 268  873 
Total Stock–Based Compensation Expense $ 544  $ 1,685 
(in thousands, except for shares / options)
  For the Nine Months Ended
  September 30, 2022 September 30, 2021
Type of Award Number of
Shares or
Options
Granted
Stock-Based
Compensation
Expense
Number of
Shares or
Options
Granted
Stock-Based
Compensation
Expense
 
Stock Options 400,000 $ 3,450  5,909,716 $ 1,664 
Stock Grants:
Employees (Common Stock) 2,100,000  $ 352  250,000 68 
Directors (Common Stock) 943,128 $ 213  885,159 245 
Non–Employee Consultants (Common Stock) 7,197,492 $ 397  332,947 907 
Total Stock–Based Compensation Expense $ 4,412  $ 2,884 
Share-based Payment Arrangement, Option, Activity
The following table summarizes the Company’s stock option activity and related information for the nine months ended September 30, 2022:
Number of
Shares
Weighted-
Average Exercise
Price Per Share
Weighted-
Average
Remaining
Contractual
Life
Aggregate
Intrinsic
Value of
In-the-Money
Options
 
Options Outstanding as of January 1, 2022 88,251,380 $ 0.20 
Granted 400,000  $ 0.23 
Exercised (146,212) $ 0.08 
Forfeited (17,836,303) $ 0.15 
Expired (11,825,348) $ 0.34 
Options Outstanding as of September 30, 2022 58,843,517 $ 0.20  7.9 years $ — 
Options Exercisable as of September 30, 2022 49,998,358 $ 0.24   7.4 years $ —