v3.22.4
SHARE-BASED PAYMENTS (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
SHARE-BASED PAYMENTS    
Schedule of fair value measurement inputs and valuation techniques  

    

Year Ended

December 31, 

2020

Risk Free Interest Rate

 

1.54 – 1.59%

Expected Dividend Yield

 

0.00%

Expected Volatility

 

58.0 – 100%

Expected Life (years)

 

5 – 10

Summary of information related to common stock and preferred stock warrants

    

Common

    

Weighted

Stock

Average

Warrants

Exercise Price

Outstanding – December 31, 2021

35,801

$

412.00

Granted

96,313

 

30.71

Exercised

Forfeited

 

Outstanding – September 30, 2022

132,114

$

134.13

Exercisable at September 30, 2022

104,459

$

166.65

    

Common

    

Weighted

Stock

Average

Warrants

Exercise Price

Outstanding – December 31, 2019

 

4,180

$

281

Granted

 

4,966

 

252

Exercised

Forfeited

Outstanding – December 31, 2020

9,146

$

266

Granted

30,120

458

Conversion of preferred stock warrants upon IPO

516

766

Exercised

 

(3,869)

 

457

Forfeited

 

(112)

 

766

Outstanding – December 31, 2021

 

35,801

$

412

Exercisable at December 31, 2020

9,146

$

266

Exercisable at December 31, 2021

 

35,801

$

412

    

Preferred

    

Weighted

Stock

Average

Warrants

Exercise Price

Outstanding – December 31, 2019

 

806,903

$

0.49

Outstanding – December 31, 2020

806,903

$

0.49

Converted to common stock warrants upon IPO

(806,903)

0.49

Exercised

 

 

Forfeited

 

 

Outstanding – December 31, 2021

 

$

Exercisable at December 31, 2021

 

$

Summary of information related to stock options under stock plan  

    

    

Weighted

Average

Options

Exercise Price

Outstanding – December 31, 2019

 

10,842

$

2.50

Granted

 

917

 

94

Exercised

 

 

Forfeited

 

(128)

$

328

Outstanding – December 31, 2020

11,631

$

234

Granted

27,320

415

Exercised

Forfeited

Outstanding – December 31, 2021

 

38,951

$

362

Exercisable at December 31, 2020

8,810

$

234

Exercisable at December 31, 2021

 

31,646

$

359

Weighted average duration (years) to expiration of outstanding options at December 31, 2021

 

8.00

 

  

Schedule of assumptions utilized for option grants  

Year Ended

December 31,

    

2021

    

2020

Risk Free Interest Rate

 

0.34% – 0.85%

0.42% – 0.51%

Expected Dividend Yield

 

0.00%

0.00%

Expected Volatility

 

58.00%

58.00%

Expected Life (years)

 

5.18

6.25