Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.21.2
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
SCHEDULE OF STOCK-BASED COMPENSATION

Stock-based compensation, including restricted stock awards, 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,  
    2021     2020     2021     2020  
Research and development   $ 20,708     $ 15,873     $ 44,194     $ 31,745  
Sales and marketing     60,633       38,120       124,082       72,705  
General and administrative     1,556,730       96,956       3,169,218       202,958  
Total   $ 1,638,071     $ 150,949     $ 3,337,494     $ 307,408  
SCHEDULE OF STOCK-BASED COMPENSATION, STOCK OPTIONS, ACTIVITY

The following table reflects the stock option activity:

 

    Number of Shares     Weighted Average Exercise Price     Contractual Life (Years)  
Outstanding at December 31, 2020     1,920,269     $ 4.40       8.66  
Exercised     (469,576 )     (2.25 )        
Forfeitures     (2,500 )     (2.52 )        
Outstanding at June 30, 2021     1,448,193     $ 4.98       8.46  
SCHEDULE OF STOCK-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS

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

 

    Six Months Ended June 30,  
    2021     2020  
Expected life (years)     N/A       5.0  
Risk-free interest rate     N/A       0.70 %
Expected volatility     N/A       4.40 %
Total grant date fair value   $ N/A     $ 3.84  
Restricted Stock [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
SCHEDULE OF STOCK-BASED COMPENSATION, STOCK OPTIONS, ACTIVITY

The following table reflects the restricted stock activity:

 

 

Number of

Shares

   

Weighted

Average

Grant Price

 
Outstanding at December 31, 2020     1,072,503     $ 5.30  
Granted     172,000       7.66  
Vested     (681,724 )     4.85  
Forfeitures     (42,612 )     3.17  
Outstanding at June 30, 2021     520,167     $ 6.84