Data Storage Corporation General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

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