Annual report pursuant to Section 13 and 15(d)

Shareholders' Equity (Tables)

v3.21.1
Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule of stock options activity

    Total
Options
Outstanding
    Weighted
Average
Remaining
Term
(Years)
    Weighted
Average
Exercise
Price
    Weighted
Average
Fair Value
at Issue
 
Outstanding December 31, 2018     243,182       8.93     $ 4.88     $ 4.09  
Issued     1,452,880               3.19       2.21  
Cancelled     (34,596 )             5.70       4.23  
Outstanding December 31, 2019     1,661,466               3.38       2.38  
Issued     1,255,000               1.44       1.13  
Cancelled     (247,600 )             3.27       2.04  
Outstanding December 31, 2020     2,668,866       8.09       2.48       1.78  
Outstanding December 31, 2020, vested and exercisable     1,242,831       7.72     $ 2.94     $ 2.13  
Schedule of black scholes valuation model to determine the fair value of the options issued

    2020     2019  
Fair Value per Share   $ 1.36-1.48     $ 1.45-3.39  
Expected Term     5.75 years         1.46-5.75 years  
Expected Dividend            
Expected Volatility     102.39-103.83 %       97.37-101.09 %
Risk free rate     0.49-0.72 %       2.32-2.51 %
Schedule of stock-based compensation expense

    Year ended December 31,  
    2020     2019  
Research and development options expense     252,173       355,229  
Total research and development expenses     252,173       355,229  
General and administrative options expense     1,168,281       723,344  
Stock and warrants issued to consultants and employees     710,792       523,745  
Total general and administrative expenses     1,879,073       1,247,089  
Total stock-based compensation expense   $ 2,131,246     $ 1,602,318  
Schedule of activity in warrants

   

Total

Warrants

    Weighted
Average
Remaining
Term
(Years)
   

Weighted

Average

Exercise

Price

    Average
Intrinsic
Value
 
Outstanding December 31, 2018     5,054,759       5.07     $ 5.72       0.61  
Issued     2,113,750               4.06          
Exercised     (519,235 )           $ 4.07          
Outstanding December 31, 2019     6,669,274       4.23     $ 5.38       0.03  
Issued     2,206,705               1.98          
Exercised     (226,354 )           $ 1.99          
Outstanding December 31, 2020     8,649,625       3.46     $ 4.60       0.02