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Common Stock Options (Tables)
6 Months Ended
Jun. 30, 2022
Common Stock Options  
Schedule of Stock Option Activity

The following table summarizes stock option activity during the three months ended June 30, 2022:

 

       Weighted 
       Average 
       Exercise 
   Options   Price 
Outstanding at December 31, 2021   7,651,750   $2.45 
Granted        
Exercised   (217,500)   0.42 
Forfeited/Cancelled        
Outstanding at June 30, 2022   7,434,250   $2.51 
           
Exercisable at December 31, 2021   4,151,750   $2.28 
Exercisable at June 30, 2022   3,934,250   $2.39 
Schedule of Stock Option Outstanding and Exercisable

Additional information regarding stock options outstanding and exercisable as of June 30, 2022 is as follows:

 

Option       Remaining     
Exercise   Options   Contractual   Options 
Price   Outstanding   Life (in years)   Exercisable 
$0.25    434,250    1.6    434,250 
 2.65    7,000,000    4.4    3,500,000 
 Total    7,434,250         3,934,250