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 |
|
|