Data Storage Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' (Deficit) (Tables)

Stockholders' (Deficit) (Tables)

12 Months Ended

Dec. 31, 2020

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		Weighted Average Contractual Life
Options Outstanding at January 1, 2019		5,765,519		$	0.02 – 0.65	$	0.26	6.8
Options Granted		2,852,537			0.05		0.05
Exercised		(100,000	)		0.05		0.05
Expired/Cancelled		(92,232	)		0.05		0.05
Options Outstanding at December 31, 2019		8,425,824		$	0.05 – 0.65	$	0.17	7.5
Options Granted		350,000			0.12 – 0.13		0.13
Exercised		(100,000	)		0.05		0.05
Expire/Cancelled		(369,838	)		0.35 – 0.36		0.36
Options Outstanding at December 31, 2020		8,305,986		$	0.05 – 0.39	$	0.13	6.6

Options Exercisable at December 31, 2020		5,227,220		$	0.05 – 0.39	$	0.17	5.5

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 year ended December 31, 2020 and 2019 are set forth in the table below.

	2020			2019
Weighted average fair value of options granted	$	0.13		$	0.05
Risk-free interest rate		0.66-0.83	%		1.79	%
Volatility		221 – 223	%		225	%
Expected life (years)		10			10
Dividend yield		0.00	%		0.00	%

Schedule of warrant activity and related information

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

	Number of Shares Under Warrants		Range of Warrants Price Per Share		Weighted Average Exercise Price		Weighted Average Contractual Life
Warrants Outstanding at January 1, 2019		133,334	$	0.01	$	0.01		5.5
Warrants Granted		—		—		—
Warrants Outstanding at December 31, 2019		133,334	$	0.01	$	0.01		4.5
Warrants Granted		—		—		—
Warrants Outstanding at December 31, 2020		133,334	$	0.01	$	0.01		3.5
Warrants Exercisable at December 31, 2020		133,334	$	0.01	$	0.01		3.5