Quarterly report pursuant to Section 13 or 15(d)

8. Stock Options and Warrants (Tables)

v3.21.2
8. Stock Options and Warrants (Tables)
3 Months Ended
Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]  
Stock options outstanding

Stock option activity for the period January 1, 2021 up to March 31, 2021, was as follows:

 

    Options     Weighted
Avg. Exercise
Price
 
January 1, 2021     32,480,601     $ 0.18  
Granted     300,000       0.03  
Exercised            
Forfeited            
March 31, 2021     32,780,601     $ 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 March 31, 2021 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   21,805,551   6.8   $ 0.10   21,705,551   $ 0.10  
$0.25 - $0.49   10,353,552   2.3     0.30   10,353,552     0.30  
$0.50 - $0.99   471,052   3.1     0.85   471,052     0.85  
$1.00 - $2.00   150,446   2.3     1.18   150,446     1.18  
    32,780,601   5.3     0.18   32,680,601     0.18
Warrants outstanding

The following table summarizes certain information about the Company’s stock purchase warrants activity for the period starting January 1, 2021 up to March 31, 2021.

 

    Warrants     Weighted Avg.
Exercise Price
 
January 1, 2021     8,683,677     $ 0.11  
Granted     924,999       0.03  
Exercised            
Cancelled     (550,000 )     0.04  
March 31, 2021     9,058,676     $ 0.11  
Warrants outstanding by Per Share Price

The weighted average exercise prices, remaining contractual lives for warrants granted, exercisable, and expected to vest as of March 31, 2021 were as follows:

 

    Outstanding Warrants   Exercisable Warrants  
Warrant Exercise Price Per Share   Shares   Life
(Years)
  Weighted Average Exercise Price   Shares   Weighted Average Exercise Price  
$0.02 - $0.24   6,988,676   0.6   $ 0.04   6,955,343   $ 0.04  
$0.25 - $0.49   2,000,000   0.6     0.30   2,000,000     0.30  
$0.50 - $1.00   70,000   3.1     0.80   70,000     0.80  
    9,058,676   0.6     0.11   9,025,343     0.11