Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

v3.20.2
Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock-based Payment Award, Stock Options, Valuation Assumptions

The Company uses the following inputs when valuing stock-based awards.

 

    Period Ending June 30,  
    2020     2019  
Expected life (years)     5.0       3.0  
Risk-free interest rate     0.70 %     1.71 %
Expected volatility     4.40 %     64.4 %
Total grant date fair value   $ 3.84     $ 1.47 to $3.48  
Schedule of Stock-based Compensation

Stock-based compensation, including stock options and warrants is included in the unaudited condensed consolidated statement of operations as follows:

 

    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2020     2019     2020     2019  
Research and development   $ 15,873     $ 44,648     $ 31,745     $ 76,306  
Sales and marketing   $ 38,120     $ 10,457     $ 72,705     $ 11,873  
General and administrative   $ 96,956     $ 421,109     $ 202,958     $ 519,478  
Total   $ 150,949     $ 476,214     $ 307,408     $ 607,657  
Schedule of Stock-based Compensation, Stock Options, Activity

The following table reflects the stock option activity for the six months ended June 30, 2020:

 

    Number of Shares     Weighted Average Exercise Price     Contractual Life (Years)
                 
Outstanding at December 31, 2019     996,646     $ 3.249     5.73
Assumed as part of the Merger     61,440       46.95     2.50
Granted     8,985       3.447     7.00
Forfeitures     (6,817 )     2.446     5.00
                     
Outstanding at June 30, 2020     1,060,254     $ 5.478     5.67