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Stockholders' Deficit (Tables)
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Summary of Stock Based Compensation Recognized in Consolidated Statement of Operations Stock-based compensation expense (including employee stock purchase plan expense) recorded in the accompanying condensed consolidated statements of operations for three and nine months ended September 30, 2022 and 2021 was as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Selling, general and administrative

 

$

115,912

 

 

$

293,916

 

 

$

488,394

 

 

$

934,446

 

Research and development

 

 

55,858

 

 

 

35,566

 

 

 

163,276

 

 

 

83,108

 

Cost of product and product-related services revenue

 

 

2,977

 

 

 

9,411

 

 

 

22,216

 

 

 

24,764

 

 

 

$

174,747

 

 

$

338,893

 

 

$

673,886

 

 

$

1,042,318

 

Summary of Stock Option Plans Activity Including Inducement Award Activity

A summary of the Company’s stock option activity (including inducement award activity) for the nine months ended September 30, 2022 is as follows:

 

 

Number of
Shares

 

 

Weighted-
Average
Exercise Price
Per Share

 

 

Weighted-
Average
Remaining
Contractual
Life (Years)

 

 

Aggregate
Intrinsic Value

 

Balance at December 31, 2021

 

 

559,336

 

 

$

13.93

 

 

 

8.2

 

 

$

30,267

 

Granted

 

 

476,000

 

 

 

1.08

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Forfeited

 

 

(58,922

)

 

 

5.57

 

 

 

 

 

 

 

Expired/Cancelled

 

 

(39,576

)

 

 

31.15

 

 

 

 

 

 

 

Balance at September 30, 2022

 

 

936,838

 

 

$

7.20

 

 

 

8.7

 

 

$

-

 

Exercisable at September 30, 2022

 

 

399,745

 

 

$

13.75

 

 

 

7.6

 

 

$

-

 

Summary of Restricted Stock Unit ("RSU") Award Activity

The following table summarizes restricted stock unit (“RSU”) award activity for the nine months ended September 30, 2022:

 

 

Number of
Shares

 

 

Weighted-
Average
Grant Date
Fair Value
Per Share

 

Balance at December 31, 2021

 

 

31,177

 

 

$

6.93

 

Granted

 

 

5,000

 

 

 

0.69

 

Released

 

 

(11,177

)

 

 

10.02

 

Forfeited

 

 

(7,500

)

 

 

5.20

 

Balance at September 30, 2022

 

 

17,500

 

 

$

3.91

 

Vested and unissued at September 30, 2022

 

 

2,500

 

 

$

5.20