Quarterly report pursuant to Section 13 or 15(d)

8. Stock Options and Warrants (Tables)

v3.20.2
8. Stock Options and Warrants (Tables)
9 Months Ended
Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]  
Stock options outstanding

Stock option activity for the period January 1, 2020 up to September 30, 2020, was as follows:

 

    Options     Weighted
Avg. Exercise
Price
 
January 1, 2020     39,750,603     $ 0.20  
Granted     3,299,998       0.13  
Exercised     (60,000 )     0.05  
Forfeited     (10,810,000 )     0.25  
September 30, 2020     32,180,601     $ 0.18  
Options outstanding by Per Share Price

The weighted average exercise prices, remaining contractual lives for options granted, exercisable, and expected to vest as of September 30, 2020 were as follows:

 

        Outstanding Options       Exercisable Options  
Option
Exercise Price
Per Share
      Shares       Life
(Years)
      Weighted
Average Exercise
Price
      Shares       Weighted
Average Exercise
Price
 
$0.05 - $0.24        21,205,551       7.2     $ 0.10        20,563,885     $ 0.10  
$0.25 - $0.49        10,353,552       2.8       0.30        10,353,552       0.30  
$0.50 - $0.99        471,052       3.6       0.85        471,052       0.85  
$1.00 - $2.00        150,446       2.8       1.18        150,446       1.18  
        32,180,601       5.7     $ 0.18       31,538,935     $ 0.18  
Warrants outstanding

The following table summarizes certain information about the Company’s stock purchase warrants activity for the period starting January 1, 2020 up to September 30, 2020.

 

    Warrants     Weighted Avg.
Exercise Price
 
January 1, 2020     13,065,084     $ 0.11  
Granted     3,624,514       0.04  
Exercised     (1,155,000 )     0.05  
Cancelled     (9,253,062 )     0.07  
September 30, 2020     6,281,536     $ 0.14  
Warrants outstanding by Per Share Price

The weighted average exercise prices, remaining contractual lives for warrants granted, exercisable, and expected to vest as of September 30, 2020 were as follows:

 

        Outstanding Warrants       Exercisable Warrants  
Warrant Exercise Price Per Share       Shares       Life
(Years)
      Weighted
Average Exercise Price
      Shares       Weighted
Average Exercise Price
 
$0.05 - $0.24        4,211,536       0.9     $ 0.05        4,178,203     $ 0.06  
$0.25 - $0.49        2,000,000       1.1       0.30        2,000,000       0.30  
$0.50 - $1.00        70,000       3.6       0.80        70,000       0.80  
        6,281,536       1.0     $ 0.14       6,248,203     $ 0.14