STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Schedule of exercise price

The options outstanding as of September 30, 2020, have been classified by exercise price, as follows:

Outstanding				Exercisable
		Weighted
		Average	Weighted		Weighted
		Remaining	Average		Average
Exercise	Number	Contractual	Exercise	Number	Exercise
Price	Outstanding	Life (Years)	Price	Exercisable	Price
$480 - $560	919	5.19	$537.96	566	$533.08
$1,208 - $1,352	31	2.88	$1,339.20	31	$1,339.20
$480 - $1,352	950	5.11	$564.32	597	$575.23
Issuances outside of Plans
$1.79	850,000	9.97	$1.79	0	$0.00
Total Options
$480 - 1,856	850,950	9.96	$2.42	597	$575.23

Schedule of stock-based compensation expense

The total stock-based compensation expense related to stock options and stock awards issued pursuant to the Plans to the Company’s employees, consultants and directors, included in reported net loss for the three and nine months ended September 30, 2020 and 2019, is comprised as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Stock-based compensation from Plans	$	202,975	$	206,289	$	272,466	$	531,379
Stock-based compensation from issuances
outside of Plans		-		155,490		-		822,683
Total Stock-based compensation	$	202,975	$	361,779	$	272,466	$	1,354,062

Schedule of option activity under the company's stock option plans

A summary of option activity under the Company's stock option plans as of September 30, 2020, and changes during the nine months ended are as follows:

				Outstanding Options
									Weighted
							Weighted		Average
	Shares						Average		Remaining		Aggregate
	Available			Number			Exercise		Contractual		Intrinsic
	for Grant			of Shares			Price		Life (years)		Value
January 1, 2019		103,105			1,388		$	636.47		6.33	$	0
Restricted stock awards		(96,875	)		—
Forfeited		438			(438	)	$	793.14
September 30, 2020		6,668			950		$	564.32		5.11	$	0

Schedule of weighted average assumptions

During the nine months ended September 30, 2020, the Company estimated the fair value of stock options granted using the Black-Scholes option pricing model with the following weighted average assumptions:

	Nine Months Ended
	September 30, 2020
Weighted average risk-free interest rate	0.280%
Weighted average life (in years)	5.7
Volatility	100.3% — 100.5%
Expected dividend yield	0%
Weighted average grant-date fair value per share of options granted	$1.38