STOCK OPTIONS AND WARRANTS (Tables)

3 Months Ended

Mar. 31, 2020

The following table summarizes the stock option activity for the three months ended March 31, 2020:

	Shares		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at December 31, 2019		822,797	$	8.03		6.5	$	244,603
Grants		-						-
Exercised		-						-
Expired		-						-
Forfeited		-						-
Outstanding at March 31, 2020		822,797	$	8.03		6.3	$	98
Exercisable at March 31, 2020		818,630	$	8.04		6.4	$	98

The following table presents information related to stock options at March 31, 2020:

Options Outstanding
Price	Number of Options		Weighted Average Remaining Life In Years		Options Exercisable Exercisable Number of Options

$0.01-2.50		330,350		6.2		330,350
2.51-5.00		35,000		0.3		35,000
5.01andup		457,447		6.9		453,280
		822,797		6.3		818,630

The following table summarizes the changes in warrants outstanding and the related prices for the shares of the Company's common stock:

Warrants Outstanding						Warrants Exercisable
Exercise Prices		Number Outstanding		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price		Number Exercisable		Weighted Average Remaining Contractual Life (Years)
$	20.00		10,000		1.66	$	20.00		10,000		1.66
	100.00		62,500		1.14		100.00		62,500		1.14
$	-		72,500		1.21	$	89.0		72,500		1.21

The following table summarizes the warrant activity for the three months ended March 31, 2020:

	Number of Shares		Weighted Average Exercise Price Per Share
Outstanding at December 31, 2019		72,500	$	89.00
Issued		-		-
Exercised		-		-
Expired		-		-
Outstanding at March 31, 2020		72,500	$	89.00