Quarterly report pursuant to Section 13 or 15(d)

Stockholders' (Deficit) (Tables)

v3.20.2
Stockholders' (Deficit) (Tables)
 9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Schedule of option activity and related information

A summary of the Company’s option activity and related information follows:

 

    Number of
Shares
Under Options		     Range of
Option Price
Per Share		     Weighted
Average
Exercise Price		  
Options Outstanding at December 31, 2019     8,425,824     $ 0.05 – 0.65     $ 0.17  
Options Granted     350,000       0.13       0.13  
Exercised     (100,000 )     0.05       0.05  
Expire/Cancelled     (250,000 )     0.36       0.36  
Options Outstanding at September 30, 2020     8,425,824     $ 0.05 – 0.65     $ 0.13  
                         
Options Exercisable at September 30, 2020     4,869,403     $ 0.05 – 0.65     $ 0.19  
Schedule of fair value of options by using Black-Scholes model

The weighted average fair value of options granted, and the assumptions used in the Black-Scholes model during the nine months ended September 30, 2020 are set forth in the table below.

 

    2020
Weighted average fair value of options granted   $0.13
Risk-free interest rate   0.66% - 0.83%
Volatility   221% - 223%
Expected life (years)   10
Dividend yield   0.00%