Quarterly report pursuant to Section 13 or 15(d)

Stock Based Awards (Tables)

Stock Based Awards (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes stock option transactions for the 2007 Plan and 2015 Plan, collectively, for the nine months ended September 30, 2020 (in thousands, except per share amounts):

	Number of Shares Available for Grant			Total Options Outstanding			Weighted Average Exercise Price		Aggregate Intrinsic Value
Balance at December 31, 2019		3,588			931		$	4.14	$	-
Exercised		-			-			-		-
Granted		(878	)		878			1.33			_
Cancelled		8			(8	)		2.94		-
Balance at September 30, 2020		2,718			1,801			2.78			_

Schedule of Weighted Average Assumptions Used

The fair value of share option award is estimated using the Black-Scholes option pricing method based on the following weighted-average assumptions:

	Nine Months Ended September 30,
	2020			2019
Risk-free interest rate		0.43	%		2.99	%
Average expected term (years)		5.9			6.1
Expected volatility		107.45	%		90.00	%
Expected dividend yield		0.00			0.00

Schedule of Common Stock Reserved Future Issuance

The following table presents information concerning common stock available for future issuance (in thousands) as of:

	September 30, 2020		September 30, 2019
Stock options issued and outstanding		1,801		931
Shares authorized for future option grants		2,718		3,588
Warrants outstanding		243		243
Total		4,762		4,762