Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.2.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

The following table summarizes the Company’s stock option activity for the six months ended June 30, 2022 and 2021:

 

                Weighted        
                Average        
          Weighted     Remaining        
          Average     Contractual     Aggregate  
    Number of     Exercise     Life     Intrinsic  
    Options     Price     (in Years)     Value  
Outstanding - January 1, 2022     66,126     $ 4.52       7.8     $           -  
Granted     -       -       -       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Outstanding - June 30, 2022     66,126     $ 4.52       7.2     $ -  
                                 
Exercisable at June 30, 2022     46,126     $ 5.57       6.5     $ -  

 

                Weighted        
                Average        
          Weighted     Remaining        
          Average     Contractual     Aggregate  
    Number of     Exercise     Life     Intrinsic  
    Options     Price     (in Years)     Value  
Outstanding - January 1, 2021     66,126     $ 5.24       8.3     $             -  
Granted     30,000       2.10       3.9          
Exercised     -       -       -          
Forfeited     (20,000 )     3.69       -          
Outstanding - June 30, 2021     76,126     $ 4.41       8.4     $ -  
                                 
Exercisable at June 30, 2021     26,126     $ 8.18       6.5     $ -  
Schedule of Restricted Stock Award Activity

As of June 30, 2022 and 2021, the following is a summary of restricted stock activity:

 

    Number of  
    Shares  
Outstanding - January 1, 2022     159,525  
Granted     314,228  
Forfeited     -  
Vested     (335,525 )
Outstanding – June 30, 2022     138,228  

 

    Number of  
    Shares  
Outstanding - January 1, 2021     233,875  
Granted     59,524  
Forfeited     -  
Vested     (133,875 )
Outstanding - June 30, 2021     159,524