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
Share-based Payment Arrangement [Abstract]  
Schedule of summary of stock option activity

 

 

 

Number of

Shares

 

 

Weighted

Average

Exercise Price

 

 

Weighted

Average Remaining

Contractual

Term (Years)

 

 

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2019

 

 

3,317,642

 

 

$ 0.33

 

 

 

8.34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

24,200,000

 

 

 

0.05

 

 

 

 

 

Cancelled

 

 

(1,861,964 )

 

 

0.08

 

 

 

 

 

Forfeited

 

 

(655,000 )

 

 

0.42

 

 

 

 

 

Outstanding, September 30, 2020

 

 

25,000,678

 

 

$ 0.07

 

 

 

9.73

 

Exercisable, September 30, 2020

 

 

4,410,668

 

 

$ 0.07

 

 

 

9.73

 

Schedule of fair value assumptions of stock option granted

 

 

 

Nine Months Ended

September 30, 2020

 

Dividend yield

 

0.00%

 

Risk-free interest rate

 

0.28—0.38%

 

Expected term (years)

 

5.56—6.01

 

Volatility

 

92.55—93.84%

 

Schedule of RSA activity

 

 

 

Number of

Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

Unvested, December 31, 2019

 

 

450,000

 

 

$ 0.19

 

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

Released

 

 

(450,000 )

 

 

0.19

 

Unvested, September 30, 2020

 

 

 

 

$

 

Schedule of stock-Based compensation Expense

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Research and development

 

$ 44,010

 

 

$

 

 

$ 82,463

 

 

$

 

General and administrative

 

 

104,355

 

 

 

170,106

 

 

 

158,753

 

 

 

514,683

 

 

 

$ 148,365

 

 

$ 170,106

 

 

$ 241,216

 

 

$ 514,683