8. Stock Options and Warrants (Tables)
|
3 Months Ended |
Mar. 31, 2021 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] |
|
Stock options outstanding |
Stock option activity for the period January 1,
2021 up to March 31, 2021, was as follows:
|
|
Options |
|
|
Weighted Avg. Exercise Price |
|
January 1, 2021 |
|
|
32,480,601 |
|
|
$ |
0.18 |
|
Granted |
|
|
300,000 |
|
|
|
0.03 |
|
Exercised |
|
|
– |
|
|
|
– |
|
Forfeited |
|
|
– |
|
|
|
– |
|
March 31, 2021 |
|
|
32,780,601 |
|
|
$ |
0.18 |
|
|
Options outstanding by Per Share Price |
The weighted average exercise
prices, remaining contractual lives for options granted, exercisable, and expected to vest as of March 31, 2021 were as follows:
|
|
Outstanding Options |
|
Exercisable Options |
|
Option Exercise Price Per Share
|
|
Shares |
|
Life (Years) |
|
|
Weighted Average Exercise Price |
|
Shares |
|
|
Weighted Average Exercise Price |
|
$0.05 - $0.24 |
|
21,805,551 |
|
6.8 |
|
$ |
0.10 |
|
21,705,551 |
|
$ |
0.10 |
|
$0.25 - $0.49 |
|
10,353,552 |
|
2.3 |
|
|
0.30 |
|
10,353,552 |
|
|
0.30 |
|
$0.50 - $0.99 |
|
471,052 |
|
3.1 |
|
|
0.85 |
|
471,052 |
|
|
0.85 |
|
$1.00 - $2.00 |
|
150,446 |
|
2.3 |
|
|
1.18 |
|
150,446 |
|
|
1.18 |
|
|
|
32,780,601 |
|
5.3 |
|
|
0.18 |
|
32,680,601 |
|
|
0.18 |
|
Warrants outstanding |
The following table summarizes
certain information about the Company’s stock purchase warrants activity for the period starting January 1, 2021 up to March 31,
2021.
|
|
Warrants |
|
|
Weighted Avg. Exercise Price |
|
January 1, 2021 |
|
|
8,683,677 |
|
|
$ |
0.11 |
|
Granted |
|
|
924,999 |
|
|
|
0.03 |
|
Exercised |
|
|
– |
|
|
|
– |
|
Cancelled |
|
|
(550,000 |
) |
|
|
0.04 |
|
March 31, 2021 |
|
|
9,058,676 |
|
|
$ |
0.11 |
|
|
Warrants outstanding by Per Share Price |
The weighted average exercise
prices, remaining contractual lives for warrants granted, exercisable, and expected to vest as of March 31, 2021 were as follows:
|
|
Outstanding Warrants |
|
Exercisable Warrants |
|
Warrant Exercise Price Per Share |
|
Shares |
|
Life (Years) |
|
Weighted Average Exercise Price |
|
Shares |
|
Weighted Average Exercise Price |
|
$0.02 - $0.24 |
|
6,988,676 |
|
0.6 |
|
$ |
0.04 |
|
6,955,343 |
|
$ |
0.04 |
|
$0.25 - $0.49 |
|
2,000,000 |
|
0.6 |
|
|
0.30 |
|
2,000,000 |
|
|
0.30 |
|
$0.50 - $1.00 |
|
70,000 |
|
3.1 |
|
|
0.80 |
|
70,000 |
|
|
0.80 |
|
|
|
9,058,676 |
|
0.6 |
|
|
0.11 |
|
9,025,343 |
|
|
0.11 |
|