Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.20.2
STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2020
STOCK-BASED COMPENSATION  
Schedule of Accounting for Stock-Based Compensation

The following table summarizes amounts charged to expense for stock-based compensation related to employee and director stock option grants and recorded in connection with stock options granted to non-employee consultants:

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30, 

 

    

2020

    

2019

 

 

 

 

 

 

 

Employee and director stock option grants:

 

 

  

 

 

  

Research and development

 

$

50,071

 

$

47,825

General and administrative

 

 

303,010

 

 

611,074

Total stock-based compensation

 

$

353,081

 

$

658,899

 

Schedule of Stock Options Activity

A summary of stock option activity is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

Number of

 

 

 

 

Average

 

 

 

 

 

Shares Issuable

 

 

 

 

Remaining

 

 

 

 

 

Upon Exercise

 

Weighted

 

Contracted

 

Aggregate

 

 

of Outstanding

 

Average

 

Term in

 

Intrinsic

 

    

Options

    

Exercise Price

    

Years

    

Value

Outstanding at December 31, 2019

 

610,714

 

$

6.78

 

8.83

 

$

34,750

Granted

 

653,750

 

$

1.84

 

 

 

 

 

Forfeited

 

(80,000)

 

$

2.46

 

  

 

 

  

Outstanding at September 30, 2020

 

1,184,464

 

$

4.34

 

8.82

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

Exercisable, September 30, 2020

 

432,096

 

$

8.62

 

7.94

 

$

Unvested, September 30, 2020

 

752,368

 

$

1.88

 

9.33

 

$

 —

 

Schedule of Restricted Stock Grants

The following table summarizes the restricted stock grants:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Grant Date

 

Total Grant

 

 

Number of

 

Fair Value

 

Date Fair

 

    

Shares

    

Per Share

    

Value

Outstanding at December 31, 2019

 

9,334

 

$

21.00

 

$

196,000

Vested

 

(9,334)

 

$

21.00

 

$

(196,000)

Outstanding at September 30, 2020

 

 —

 

$

 —

 

$

 —