STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2023

STOCK-BASED COMPENSATION [Abstract]

Information Regarding Equity Incentive Plan

The table below includes issuances of restricted stock awards and units under the 2020 Plan and unvested equity interests of MOR which were converted into restricted Company common stock.

	Number of Restricted Shares and Units			Weighted Average Grant Date Fair Value Per Share
Unvested at January 1, 2022		1,146,131		$	1.28
Issued		—			11.71
Vested		(474,768	)		0.03
Canceled		(120,105	)		12.18
Unvested at December 31, 2022		551,258			3.28
Issued		570,000			3.79
Vested		(234,999	)		4.68
Canceled		(20,653	)		0.16
Unvested at June 30, 2023		865,606		$	3.31

Fair Value of Stock Option Assumptions

The assumptions used to calculate the grant date fair value of the options outstanding at June 30, 2023 and December 31, 2022 are as follows:

	June 30, 2023			December 31, 2022
Exercise Price		$	2.00 to $51.80	$	2.00 to $51.80
Fair value of Company common stock		$	2.98 to $15.61	$	2.98 to $15.61
Dividend yield			0%		0%
Expected volatility		83% to 188%		83% to 188%
Risk Free interest rate	0.27% to 4.52%			0.27% to 4.52%
Expected life (years) remaining	0.01 to 9.62			0.01 to 9.62

Stock Option Activity

Stock option activity for the six months ended June 30, 2023 and the year ended December 31, 2022 is as follows:

	Shares Underlying Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)
Outstanding at January 1, 2022		4,046,973		$	14.25		8.75
Granted		1,203,250		$	4.02		9.14
Exercised		(33,334	)	$	2.47		2.55
Forfeited and expired		(1,233,081	)	$	13.87		8.12
Outstanding at December 31, 2022		3,983,808		$	10.53		8.23
Granted		1,097,500		$	3.71		8.45
Exercised		(2,452	)	$	8.34		8.34
Forfeited and expired		(1,528,312	)	$	12.60		7.70
Outstanding at June 30, 2023		3,550,544		$	7.54		8.54
Vested options at June 30, 2023		2,076,200		$	12.59		6.69

Stock Compensation Expense

Stock compensation expense for the three and six months ended June 30, 2023 and 2022 is as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2023		2022		2023			2022
Services	$	34,272	$	36,975	$	72,198		$	56,604
Research and development		36,964		86,491		75,156			133,932
Sales and marketing		49,915		188,728		103,917			240,549
General and administrative		1,419,191		1,062,000		2,767,472			3,140,044
Separation expenses		—		—		349,832			5,417,043
Subtotal		1,540,342		1,374,194		3,368,575			8,988,172
Discontinued operations		—		392,000		(247,308	)		682,606
Total	$	1,540,342	$	1,766,194	$	3,121,267		$	9,670,778