Annual report pursuant to Section 13 and 15(d)

Stock Options and Warrants (Tables)

v3.22.1
Stock Options and Warrants (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Stock options outstanding
               
    Options    

Weighted Avg.

Exercise Price

 
Options outstanding, December 31, 2019     39,750,603     $ 0.20  
Options granted     3,599,998       0.12  
Options exercised     (60,000 )     0.05  
Options cancelled     (10,810,000 )     0.25  
Options outstanding, December 31, 2020     32,480,601     $ 0.18  
Options granted     800,000       0.03  
Options exercised            
Options cancelled     (2,200,000 )     0.30  
Options outstanding, December 31, 2021     31,080,601     $ 0.17  
Options outstanding by Per Share Price
                                       
    Outstanding Options     Exercisable Options  

Option

Exercise Price

Per Share

  Shares     Life
(Years)
    Weighted
Average
Exercise Price
    Shares     Weighted
Average Exercise
Price
 
$ 0.02 - $ 0.24     22,305,551       6.1     $ 0.10       22,305,551     $ 0.10  
$ 0.25 - $ 0.49     8,153,552       2.0       0.30       8,153,552       0.30  
$ 0.50 - $ 0.99     471,052       2.3       0.85       471,052       0.85  
$ 1.00 - $ 2.00     150,446       1.6       1.18       150,446       1.18  
      31,080,601       4.9     $ 0.17       31,080,601     $ 0.17  
Assumptions used for option valuation
               
    Years Ended  
    2021     2020  
Expected life (years)     4.9       5.5  
Risk free interest rate     1.3%       1.7%  
Volatility     148%       138%  
Expected dividend yield     0%       0%  
Warrants outstanding
               
    Warrants    

Weighted Avg.

Exercise Price

 
Warrants outstanding, December 31, 2019     13,065,084     $ 0.11  
Warrants granted     6,117,013       0.03  
Warrants exercised     (1,155,000 )     0.05  
Warrants cancelled     (9,343,420 )     0.07  
Warrants outstanding, December 31, 2020     8,683,677     $ 0.11  
Warrants granted     19,307,153       0.04  
Warrants exercised            
Warrants cancelled     (8,013,681 )     0.10  
Warrants outstanding, December 31, 2021     19,977,149     $ 0.04  
Warrants outstanding by Per Share Price
                                       
    Outstanding Warrants     Exercisable Warrants  
Warrant
Exercise Price
Per Share
  Shares     Life
(Years)
    Weighted
Average
Exercise Price
    Shares     Weighted
Average
Exercise Price
 
$ 0.02 - $ 0.24     19,907,149       0.7     $ 0.04       19,873,816     $ 0.04  
$ 0.25 - $ 0.49                              
$ 0.50 - $ 1.00     70,000       2.3       0.80       70,000       0.80  
      19,977,149       0.7     $ 0.04       19,943,816     $ 0.04