Quarterly report pursuant to Section 13 or 15(d)

Stockholders' (Deficit) (Tables)

v3.20.1
Stockholders' (Deficit) (Tables)
 3 Months Ended
Mar. 31, 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      250,000       0.13       0.13  
Exercised      (100,000 )     0.54       0.54  
Expire/Cancelled      (250,000 )     0.36       0.36  
Options Outstanding at March 31, 2020      8,325,824     $ 0.05 – 0.65     $ 0.20  
                         
Options Exercisable at March 31, 2020     4,441,433     $ 0.05 – 0.65     $ 0.20  
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 three months ended March 31, 2020 are set forth in the table below.

 

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