STOCK OPTIONS AND WARRANTS (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
|---|
| STOCK OPTIONS AND WARRANTS |
|
| Scheule of Black-Scholes option pricing model |
|
|
2020 |
|
Risk-free interest rate |
|
0.27%-0.29 |
% |
Expected term (years) |
|
3 - 5 |
|
Expected volatility |
|
112.97%-137.27 |
% |
Expected dividends |
|
|
0.00 |
|
|
| Schedule of stock options |
|
|
Shares |
|
|
Weighted-
Average
Exercise
Price
|
|
|
Weighted-
Average
Remaining
Contractual
Term
|
|
|
Aggregate
Intrinsic
Value
|
|
Outstanding at January 1, 2020 |
|
|
822,797 |
|
|
|
8.03 |
|
|
|
6.5 |
|
|
|
244,603 |
|
Grants |
|
|
15,834 |
|
|
|
2.53 |
|
|
|
3.5 |
|
|
|
- |
|
Expired |
|
|
(10,000 |
) |
|
|
15.00 |
|
|
|
- |
|
|
|
- |
|
Outstanding at December 31, 2020 |
|
|
828,631 |
|
|
$ |
7.84 |
|
|
|
5.8 |
|
|
$ |
- |
|
Expired |
|
|
(13,280 |
) |
|
|
7.15 |
|
|
|
- |
|
|
|
- |
|
Outstanding at December 31, 2021 |
|
|
815,351 |
|
|
|
7.85 |
|
|
|
4.9 |
|
|
|
795,115 |
|
Exercisable at December 31, 2021 |
|
|
815,351 |
|
|
$ |
7.85 |
|
|
|
4.9 |
|
|
$ |
795,115 |
|
|
| 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 |
|
|
|
4.4 |
|
|
|
337,850 |
|
|
|
4.4 |
|
|
2.51-5.00 |
|
|
43,334 |
|
|
|
3.1 |
|
|
|
43,334 |
|
|
|
3.1 |
|
|
5.01 and up |
|
|
434,167 |
|
|
|
5.4 |
|
|
|
434,167 |
|
|
|
5.4 |
|
|
|
|
|
815,351 |
|
|
|
4.9 |
|
|
|
815,351 |
|
|
|
4.9 |
|
|
| Schedule of changes in warrants outstanding |
|
|
Number of
Shares
|
|
|
Weighted
Average
Exercise
Price Per
Share
|
|
Outstanding at January 1, 2020 |
|
|
72,500 |
|
|
$ |
89.00 |
|
Issued |
|
|
- |
|
|
|
- |
|
Exercised |
|
|
- |
|
|
|
- |
|
Expired |
|
|
- |
|
|
|
- |
|
Outstanding at December 31, 2020 |
|
|
72,500 |
|
|
$ |
89.00 |
|
Issued |
|
|
- |
|
|
|
- |
|
Exercised (1) |
|
|
10,000 |
|
|
|
20.00 |
|
Expired |
|
|
(62,500 |
) |
|
|
100.00 |
|
Outstanding at December 31, 2021 |
|
|
- |
|
|
$ |
- |
|
|