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Stockholders' Deficit (Tables)
3 Months Ended
Mar. 31, 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 the three months ended March 31, 2022 and 2021 was as follows:

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Selling, general and administrative

 

$

192,903

 

 

$

319,849

 

Research and development

 

 

66,904

 

 

 

23,234

 

Cost of product and product-related services revenue

 

 

7,998

 

 

 

7,856

 

 

 

$

267,805

 

 

$

350,939

 

 

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 three months ended March 31, 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

 

 

29,500

 

 

 

3.74

 

 

 

 

 

 

 

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(17,494

)

 

 

5.89

 

 

 

 

 

 

 

 

 

Expired/Cancelled

 

 

(33,876

)

 

 

34.94

 

 

 

 

 

 

 

 

 

Balance at March 31, 2022

 

 

537,466

 

 

$

12.31

 

 

 

8.2

 

 

$

-

 

Exercisable at March 31, 2022

 

 

283,983

 

 

$

17.79

 

 

 

7.4

 

 

$

-

 

 

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

The following table summarizes restricted stock unit (“RSU”) award activity for the three months ended March 31, 2022:

 

 

 

Number of

Shares

 

 

Weighted-

Average

Grant Date

Fair Value

Per Share

 

Balance at December 31, 2021

 

 

31,177

 

 

$

6.93

 

Granted

 

 

-

 

 

 

-

 

Released

 

 

(4,148

)

 

 

9.60

 

Forfeited

 

 

-

 

 

 

-

 

Balance at March 31, 2022

 

 

27,029

 

 

 

6.52

 

Vested and unissued at March 31, 2022

 

 

4,148

 

 

$

9.60