STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 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 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		(331,934	)		7.30
Canceled		(44,339	)		0.44
Unvested at December 31, 2023		744,985		$	2.05

Fair Value of Stock Option Assumptions

The assumptions used to calculate the grant date fair value of the options outstanding as of December 31, are as follows:

	2023			2022
Exercise Price		$	2.00 to $51.80		$	2.00 to $51.80
Fair value of Company common stock		$	2.40 to $15.61		$	2.98 to $15.61
Dividend yield			0%			0%
Expected volatility	74% to 188%			83% to 188%
Risk Free interest rate	0.27% to 4.67%			0.27% to 4.52%
Expected life (years) remaining	0.01 to 9.99			0.01 to 9.62

Stock Option Activity

The following summarizes option activity under the Company’s stock plan for the years ended December 31, 2023 and 2022:

	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		1,416,000		$	3.46		9.28
Exercised		(2,452	)	$	2.20		4.42
Forfeited and expired		(1,556,812	)	$	12.53		7.40
Outstanding at December 31, 2023		3,840,544		$	7.12		8.96
Vested options at December 31, 2023		1,500,629		$	12.98		6.11

Stock Compensation Expense

Stock compensation expense for the years ended December 31, 2023 and 2022 is as follows:

	For the Years Ended December 31,
	2023			2022
Services	$	155,097		$	133,585
Research and development		167,368			307,209
Sales and marketing		318,860			401,014
General and administrative		5,582,812			5,661,724
Separation expenses		349,832			5,417,043
Subtotal		6,573,969			11,920,575
Discontinued operations		(247,308	)		1,390,013
Total	$	6,326,661		$	13,310,588