Annual report pursuant to Section 13 and 15(d)

STOCK OPTIONS AND WARRANTS (Tables)

v3.21.1
STOCK OPTIONS AND WARRANTS (Tables)
12 Months Ended
Dec. 31, 2020
STOCK OPTIONS AND WARRANTS  
Scheule of Black-Scholes option pricing model

 

 

2020

 

 

2019

 

Risk-free interest rate

 

0.27%-0.29%

 

 

2.36% - 2.58%

 

Expected term (years)

 

3-5

 

 

1.00 - 5.00

 

Expected volatility

 

112.97%-137.27%

 

 

99.85% - 143.11%

 

Expected dividends

 

 

0.00

 

 

 

0.00

 

Schedule of stock options

 

 

Shares

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Term

 

 

Aggregate

Intrinsic

Value

 

Outstanding at January 1, 2019

 

 

791,850

 

 

 

8.09

 

 

 

7.7

 

 

 

1,188,065

 

Grants

 

 

53,280

 

 

 

6.52

 

 

 

2.5

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

(1,500 )

 

 

20.00

 

 

 

-

 

 

 

-

 

Forfeited

 

 

(20,833 )

 

 

5.75

 

 

 

-

 

 

 

-

 

Outstanding at December 31, 2019

 

 

822,797

 

 

$ 8.03

 

 

 

6.5

 

 

$ 244,603

 

Grants

 

 

15,834

 

 

 

2.53

 

 

 

3.5

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

(10,000 )

 

 

15.00

 

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding at December 31, 2020

 

 

828,631

 

 

 

7.84

 

 

 

5.8

 

 

 

-

 

Exercisable at December 31, 2020

 

 

819,742

 

 

$ 7.90

 

 

 

5.8

 

 

$ -

 

Schedule of information regarding stock options

 

Options Outstanding

 

 

Options Exercisable

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

Average

 

 

Exercisable

 

 

Average

 

 

Exercise

 

 

Number of

 

 

Remaining Life

 

 

Number of

 

 

Remaining Life

 

 

Price

 

 

Options

 

 

In Years

 

 

Options

 

 

In Years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$0.01-2.50

 

 

 

337,850

 

 

 

5.4

 

 

 

331,600

 

 

5.5

 

 

2.51-5.00

 

 

 

43,334

 

 

 

4.1

 

 

 

41,112

 

 

4.2

 

 

5.01 and up

 

 

 

447,447

 

 

 

6.3

 

 

 

447,030

 

 

6.3

 

 

 

 

 

 

828,631

 

 

 

5.8

 

 

 

819,742

 

 

5.8

 

Schedule of changes in warrants outstanding

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

 

 

 

0.91

 

 

$

20

 

 

 

10,000

 

 

 

0.91

 

 

100.00

 

 

 

62,500

 

 

 

0.38

 

 

 

100

 

 

 

62,500

 

 

 

0.38

 

 

 

 

 

 

72,500

 

 

 

0.46

 

 

$

89.0

 

 

 

72,500

 

 

 

0.46

 

Schedule of summary of warrant activity

 

 

Number of

Shares

 

 

Weighted

Average

Exercise

Price Per

Share

 

Outstanding at January 1, 2019

 

 

85,250

 

 

$ 79.40

 

Issued

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

Expired

 

 

(12,750 )

 

 

25.00

 

Outstanding at December 31, 2019

 

 

72,500

 

 

$ 89.00

 

Issued

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

Expired

 

 

-

 

 

 

-

 

Outstanding at December 31, 2020

 

 

72,500

 

 

$ 89.00