XML 42 R29.htm IDEA: XBRL DOCUMENT v3.22.1
Stockholders’ Deficit (Tables)
 12 Months Ended
Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Schedule of Stock Option Transactions

Stock option transactions under the Company’s Plan for the years ended December 31, 2021 and 2020 are summarized as follows:

 

           Weighted       Weighted 
           Average       Average 
       Weighted   Remaining   Aggregate   Grant 
   Number of   Average   Contractual   Intrinsic   Date 
Stock Options  Options   Exercise Price   Term (Years)   Value   Fair Value 
Outstanding - December 31, 2019   -   $-    0.00   $-   $- 
Exercisable - December 31, 2019   -   $-    0.00   $-   $- 
Vested and Exercisable - December 31, 2020   -   $-    0.00   $-   $- 
Unvested and non-exercisable - December 31, 2020   -   $-    0   $-   $- 
Granted   17,004   $16.00    7.00   $-   $8.75 
Exercised   -   $-        $-      
Cancelled/Forfeited   -   $-        $-      
Outstanding - December 31, 2020   17,004   $16.00    6.16   $-   $- 
Vested and Exercisable - December 31, 2020   -   $-    0.00   $-   $- 
Unvested and non-exercisable - December 31, 2020   17,004   $16.00    6.16   $-   $- 
                          
                          
Outstanding - December 31, 2020   17,004   $16.00    6.16   $-   $- 
Vested and Exercisable - December 31, 2020   -   $-    0.00   $-   $- 
Unvested and non-exercisable - December 31, 2020   17,004   $16.00    6.16   $-   $- 
Granted   -    -             $- 
Exercised   -    -                
Cancelled/Forfeited   -    -                
Outstanding - December 31, 2021   17,004   $16.00    5.16   $-   $- 
Vested and Exercisable - December 31, 2021   3,401   $16.00    5.16   $-   $- 
Unvested and non-exercisable - December 31, 2021   13,603   $16.00    5.16   $-   $- 
Schedule of Stock Option

During 2020, the Company granted 17,004 options to its Chief Executive Officer, having a fair value of $148,696, based upon the following management assumptions:

 

   Year Ended 
   December 31, 2020 
     
Exercise price  $16.00 
Expected volatility   96.50%
Expected dividends   0.00%
Expected life in years   5.5 
Risk-free interest rate   0.84%
Schedule of Warrants Activity

Warrant activity for the years ended December 31, 2021 and 2020 are summarized as follows:

 

            Weighted     
            Average     
        Weighted   Remaining   Aggregate 
   Number of    Average   Contractual   Intrinsic 
Warrants  Warrants    Exercise Price   Term (Years)   Value 
Outstanding and exercisable - December 31, 2019   136,993    $35.50    1.98   $- 
Exercisable    -    -    -    - 
Granted   62,325    $26.50    -    - 
Exercised   -     -    -    - 
Cancelled/Forfeited   (5,000)   $40.00    -    - 
Outstanding - December 31, 2020   194,317    $32.50    1.52   $- 
Exercisable - December 31, 2020   194,317    $32.50    1.52   $- 
                      
                      
Outstanding - December 31, 2020   194,317    $32.50    1.52   $- 
Exercisable - December 31, 2020   194,317    $32.50    1.52   $- 
Unvested - December 31, 2021   230,000    $8.00    4.85   $- 
Granted   5,935,450    $8.01    -    - 
Exercised   (2,133)   $12.50    -    - 
Cancelled/Forfeited   (44,650)   $23.49    -    - 
Outstanding - December 31, 2021   6,082,984    $8.68    2.93   $- 
Exercisable - December 31, 2021   5,852,984    $8.70    2.85   $- 
Unvested - December 31, 2021   230,000    $8.00    4.85   $- 
Warrant One [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Schedule of Fair Value of Warrants

 

Expected term (years)   5 
Expected volatility   118%
Expected dividends   0%
Risk free interest rate   0.53%
Warrant Two [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Schedule of Fair Value of Warrants

Fair value of the warrants was determined using a Black-Scholes option pricing model with the following inputs:

 

Expected term (years)  3 years 
Expected volatility   118%
Expected dividends   0%
Risk free interest rate   0.53%
Warrant Three [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Schedule of Fair Value of Warrants

The fair value of these warrants was determined using a Black-Scholes option pricing model with the following inputs:

 

Expected term (years)   3 - 5 
Expected volatility   119% - 146%
Expected dividends   0%
Risk free interest rate   0.07% - 1.15%