Annual report pursuant to Section 13 and 15(d)

Share-based Compensation and Common Stock Issuance (Tables)

v3.24.1
Share-based Compensation and Common Stock Issuance (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation

The following table sets forth total non-cash share-based compensation for the issuance of common stock, options to purchase common stock, warrants to purchase common stock, and restricted stock unit awards by operating statement classification for the years ended December 31, 2023 and 2022:

 

    2023     2022  
    Year ended December 31,  
    2023     2022  
Research and development   $ 140     $ 388  
Sales and marketing     15       238  
General and administrative     316       1,183  
Total   $ 471     $ 1,809  
Schedule of Stock option and Warrants

A summary of the Company’s stock option and warrant activity is as follows:

 

    Options     Warrants  
   

Shares

Underlying

Options

   

Weighted

Average

Exercise Price

    Weighted Average Remaining Contractual Life (years)     Average Intrinsic Value    

Shares

Underlying

Warrants

   

Weighted

Average

Exercise Price

    Weighted Average Remaining Contractual Life (years)     Average Intrinsic Value  
Outstanding at December 31, 2021     20,421     $ 812.48       7.45     $  -       27,870     $ 817.77       3.40     $  -  
Granted     6,839     $ 130.97                       400     $ 150.00                  
Expired     (437 )   $ 963.98                       (1,782 )   $ 1,394.9                  
Cancelled     -     $ -                       (400 )   $ 849.00                  
Forfeited     (256 )   $ 172.35                       -     $ -                  
Outstanding at December 31, 2022     26,567     $ 640.72       7.21     $ -       26,088     $ 759.26       2.66     $ -  
Granted     45,712     $ 8.99                       17,956,613     $ 1.18                  
Exercised     -     $ -                       (523,469)     $ 0.0001                  
Expired     (8,729 )   $ 738.53                       (3,920 )   $ 1,589.80                  
Cancelled     -     $ -                       -     $ -                  
Forfeited     (3,380 )   $ 202.03                       -     $ -                  
Outstanding at December 31, 2023     60,170     $ 171.23       8.44     $ -       17,455,312     $ 1.99       4.43     $ -  
Exercisable at December 31, 2023     17,202     $ 566.11                       17,455,312     $ 1.99                  
Schedule of Option Pricing Model Using Weighted Average Assumptions

The options granted during the years ended December 31, 2023 and 2022 were valued using the Black-Scholes option pricing model using the following weighted average assumptions:

 

    For the year ended December 31,  
    2023     2022  
Expected term, in years     5.34       5.8  
Expected volatility     80.66 %     99.21 %
Risk-free interest rate     2.93 %     2.10 %
Dividend yield     -       -  
Schedule of Warrant Pricing Model Using Weighted Average Assumptions

The warrants granted during the years ended December 31, 2023 and 2022 were valued using the Black-Scholes option pricing model using the following weighted average assumptions:

 

             
    For the year ended December 31,  
    2023     2022  
Expected term, in years     2.33       -  
Expected volatility     75 %     - %
Risk-free interest rate     3.0 %     - %
Dividend yield     -       -