XML 28 R17.htm IDEA: XBRL DOCUMENT v3.22.1
Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of stock-based compensation expense stock options and warrants
   Three
Months
Ended
   Three
Months
Ended
 
   March 31,
2022
   March 31,
2021
 
Research and development  $205,809   $67,279 
General and administrative   971,893    963,136 
   $1,177,702   $1,030,415 

 

Schedule of fair value of employee stock options
   Three Months
March 31,
2022
 
Weighted average exercise price  $6.90 
Weighted average grant date fair value  $5.20 
Assumptions     
Expected volatility    96%-97%
Expected term (in years)   6.3 
Risk-free interest rate    1.79%-2.41%
Expected dividend yield   0.00%

 

Schedule of stock option activity
   Number of
Shares
   Weighted-
Average
Exercise
Prices
   Weighted-
Average
Remaining
Contractual
Term (In Years)
   Intrinsic
Value
 
Outstanding at January 1, 2022   2,893,839   $6.48    8.05   $9,932,413 
Granted   100,000    6.90         
Cancelled   (17,749)   11.09         
Outstanding at March 31, 2022   2,976,090   $6.47    7.87   $4,435,685 
Exercisable at March 31, 2022   1,411,441   $5.00    7.24   $3,196,095