EQUITY-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Fair Value Assumptions

The fair value of the option grants awarded during each of the six month periods ended June 30, 2021 and 2020 was $0.1 million, which has been estimated with the following assumptions on the grant date.

	3/10/2021		6/16/2021		3/23/2020
Risk-free interest rate	1.00	%	1.09	%	0.48	%
Volatility	133.35	%	131.06	%	113.17	%
Expected life (years)	6.00		6.00		5.80
Expected dividend yield	0	%	0	%	0	%

Summary of Stock Option Activity

The following table summarizes stock option activity for employees and non-employees for the six months ended June 30, 2021 and 2020:

	Shares	Weighted-Average Exercise Price	Weighted-Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at December 31, 2019	166,233	$34.42	6.53	$—
Granted	182,000	0.61
Exercised	—
Forfeited	(26,000)	—
Expired	—
Outstanding at June 30, 2020	322,233	$17.59	7.85
Exercisable at June 30, 2020	84,711	$59.61	3.00	$—
Outstanding at December 31, 2020	1,563,972	$2.78	9.47	$175,770
Granted	68,500	$1.13-$1.49
Exercised	—
Forfeited	(45,000)
Expired	—
Outstanding at June 30, 2021	1,587,472	$2.77	8.99	$307,100
Exercisable at June 30, 2021	156,519	$17.64	6.90	$33,750