Annual report pursuant to Section 13 and 15(d)

Stock Options (Tables)

v3.21.1
Stock Options (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Assumptions

   

Year ended

December 31, 2020

Exercise price    
$1.84 to $2.03
 
Risk free interest rate     0.68%  
Expected life of options     10 years  
Expected volatility of underlying stock     231.1 to 231.4 %
Expected dividend rate     0 %

 

Stock option activity

    Number of shares   Exercise price per share   Weighted average exercise price
             
Granted     315,938       $2.72 to $2.96     $ 2.84  
Forfeited/cancelled     —         —         —    
Exercised     —         —         —    
Outstanding December 31, 2019     315,938       $2.72 to $2.96     $ 2.84  
Granted     1,307,000       $1.84 to $2.03     $ 1.95  
Forfeited/Cancelled     —         —         —    
Exercised     —         —         —    
Outstanding December 31, 2020     1,622,938       $1.84 to $2.96     $ 2.11  
                         

 

Stock options outstanding

  Options outstanding   Options exercisable
  Exercise price   Number of shares   Weighted average remaining years   Weighted Average exercise price   Number of shares   Weighted average exercise price
                   
  $ 1.84       648,000       9.73               —    
  $ 2.03       659,000       9.75               79,083     —  
  $ 2.72       25,000       5.50               25,000  
  $ 2.80       220,625       8.73               69,128  
  $ 2.96       70,313       8.52               70,313  
            1,622,938       9.49     $ 2.11       243,524     $2.59