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Stock Award Plans and Stock-based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Grant Date Fair Value

There were 1,700   stock options granted during the three months ended March 31, 2022.  The assumptions underlying the calculation of grant date fair value per share for the three months ended March 31, 2022 are as follows:

 

 

 

For the Three Months

Ended March 31,

 

 

 

2022

 

Number of options granted

 

 

1,700

 

Weighted-average expected volatility

 

 

117.18

%

Weighted-average risk-free interest rate

 

 

1.68

%

Weighted-average expected option term

   (in years)

 

 

6.25

 

Weighted-average dividend yield

 

 

%

Weighted-average fair value per share

   of grants

 

$

6.92

 

Schedule of Stock-based Compensation Expense

The Company recognized stock-based compensation expense related to the issuance of stock option awards, restricted stock awards and restricted stock units to employees, non-employees and directors in the statements of operations as follows:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

Cost of goods sold

 

$

14,755

 

 

$

9,033

 

Research and development

 

 

29,612

 

 

 

47,403

 

Selling, general and administrative

 

 

221,903

 

 

 

109,535

 

Total

 

$

266,270

 

 

$

165,971