Stockholders’ Equity (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Schedule of Stockholders’ Equity

	Common Stock				Paid-in		Accumulated			Total Stockholders’ Equity
	Shares		Amount		Capital		Deficit			(Deficit)
Balance, December 31, 2020		10,382	$	1	$	52,985	$	(54,094	)	$	(1,108	)
Stock-based compensation		-		-		25		-			25
Issuance of common stock from warrant exercise for cash, net of expenses		900		-		2,375		-			2,375
Issuance of warrants for secured credit facility		-		-		717		-			717
Issuance of common stock for Azuñia initial earn-out		1,883		-		6,860		-			6,860
Issuance of common stock for services by third parties		141		-		263		-			263
Issuance of common stock for services by employees		63		-		131		-			131
Issuance of common stock, sold for cash, net		718		-		2,009		-			2,009
Deemed dividend-warrant price protection-revaluation adjustment		-		-		2,288		(2,288	)		-
Net income		-		-		-		30			30
Balance, September 30, 2021		14,087	$	1	$	67,653	$	(56,352	)	$	11,302

Summary of Stock Option Activity

A summary of all stock option activity as of and for the nine months ended September 30, 2021 is presented below:

	# of Options			Weighted-Average Exercise Price
Outstanding as of December 31, 2020		134,931		$	4.71
Options granted		5,000			0.53
Options canceled		(68,845	)		5.31
Outstanding as of September 30, 2021		71,086		$	3.34
Exercisable as of September 30, 2021		65,503		$	3.21

Schedule of Weighted-average Assumptions Used in Black-scholes Valuation Method

The following weighted-average assumptions were used in the Black-Scholes valuation model for options granted during the nine months ended September 30, 2021:

Risk-free interest rate	1.69	%
Expected term (in years)	5.0
Dividend yield	-
Expected volatility	75	%

Schedule of Share Based Payment Award Assumptions Used in Black-scholes Valuation Method

The estimated fair value of the Company’s outstanding warrants was based on a combination of closing market trading price on the date of issuance for the public offering warrants, and the Black-Scholes option-pricing model, using the weighted-average assumptions below:

Volatility		75	%
Risk-free interest rate		0.69	%
Expected term (in years)		5.0
Expected dividend yield		-
Fair value of common stock	$	3.88

Summary of Warrant Activity

A summary of activity in warrants was as follows:

	Warrants			Weighted-Average Remaining Life (Years)		Weighted-Average Exercise Price		Aggregate Intrinsic Value
Outstanding as of December 31, 2020		240,278			3.2	$	4.85	$	-
Granted		1,800,000			4.8		2.29		-
Exercised		(900,000	)		-		2.60		-
Outstanding as of September 30, 2021		1,140,278			4.2	$	3.39	$	-