| SCHEDULE OF FAIR MARKET VALUE |
SCHEDULE
OF FAIR MARKET VALUE
| | |
Number of Shares | | |
Fair Value per Share | | |
Weighted Average Market Value per Share | |
| Shares Issued as of January 1, 2021 | |
| 11,002,000 | | |
$ | 0.003 – 1.49 | | |
$ | 0.10 | |
| Shares Issued | |
| 3,899,200 | | |
| 0.001 – 0.24 | | |
| 0.21 | |
| Shares Issued as of December 31, 2021 | |
| 18,706,909 | | |
$ | 0.001 – 1.49 | | |
$ | 0.09 | |
| Shares Issued | |
| 552,000 | | |
| 0.16 – 0.32 | | |
| 0.19 | |
| Shares Issued as of December 31, 2022 | |
| 19,258,909 | | |
$ | 0.001 – 1.49 | | |
$ | 0.09 | |
|
| SCHEDULE OF STOCK OPTIONS VALUATION ASSUMPTIONS |
The
fair value of stock options granted and revaluation of non-employee consultant options for the year ended December 31, 2022 and 2021
was calculated with the following assumptions:
SCHEDULE
OF STOCK OPTIONS VALUATION ASSUMPTIONS
| | |
2022 | | |
2021 | |
| Risk-free interest rate | |
| 1.02 – 4.66 | % | |
| 0.16 - 1.00 | % |
| Expected dividend yield | |
| 0 | % | |
| 0 | % |
| Volatility factor (monthly) | |
| 155.52 | % | |
| 175.34 | % |
| Expected life of option | |
| 3 years | | |
| 3 years | |
|
| SCHEDULE OF STOCK OPTIONS ACTIVITY |
SCHEDULE
OF STOCK OPTIONS ACTIVITY
| | |
Number of Options | | |
Exercise Price per Share | | |
Weighted Average Exercise Price per Share | |
| Outstanding as of January 1, 2021 | |
| 533,000 | | |
$ | 0.001 - 1.21 | | |
$ | 0.71 | |
| Granted | |
| 135,000 | | |
| 0.001 - 0.20 | | |
| 0.20 | |
| Exercised | |
| — | | |
| — | | |
| — | |
| Options forfeited/cancelled | |
| — | | |
| — | | |
| — | |
| Outstanding as of December 31, 2021 | |
| 668,000 | | |
$ | 0.001 - 1.21 | | |
$ | 0.55 | |
| Granted | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | |
| Options forfeited/cancelled | |
| (144,000 | ) | |
| 0.31 – 1.21 | | |
| 0.81 | |
| Outstanding as of December 31, 2022 | |
| 524,000 | | |
$ | 0.001 – 0.95 | | |
$ | 0.44 | |
|
| SCHEDULE OF STOCK OPTION VESTED |
The
following table summarizes information about stock options that are vested or expected to vest at December 31, 2022:
SCHEDULE
OF STOCK OPTION VESTED
| | | |
| | |
Options Outstanding | | |
| | |
| | |
Exercisable Options | | |
| |
| Exercise Price | | |
Number of Options | | |
Weighted Average Exercise Price Per Share | | |
Weighted Average Remaining Contractual Life (Years) | | |
Aggregate Intrinsic Value | | |
Number of Options | | |
Weighted Average Exercise Price Per Share | | |
Weighted Average Remaining Contractual Life (Years) | | |
Aggregate Intrinsic Value | |
| $ | 0.001 | | |
| 90,000 | | |
$ | 0.001 | | |
| 0.95 | | |
$ | 43,110 | | |
| 90,000 | | |
$ | 0.001 | | |
| 0.95 | | |
$ | 43,110 | |
| | 0.05 | | |
| 3,000 | | |
| 0.05 | | |
| 0.75 | | |
| 1,292 | | |
| 3,000 | | |
| 0.05 | | |
| 0.75 | | |
| 1,292 | |
| | 0.15 | | |
| 90,000 | | |
| 0.15 | | |
| 0.33 | | |
| 29,340 | | |
| 90,000 | | |
| 0.15 | | |
| 0.33 | | |
| 29,340 | |
| | 0.18 | | |
| 45,000 | | |
| 0.18 | | |
| 0.83 | | |
| 13,680 | | |
| 45,000 | | |
| 0.18 | | |
| 0.83 | | |
| 13,680 | |
| | 0.19 | | |
| 45,000 | | |
| 0.19 | | |
| 1.33 | | |
| 13,185 | | |
| 45,000 | | |
| 0.19 | | |
| 1.33 | | |
| 13,185 | |
| | 0.20 | | |
| 48,000 | | |
| 0.20 | | |
| 1.04 | | |
| 13,446 | | |
| 48,000 | | |
| 0.20 | | |
| 1.04 | | |
| 13,446 | |
| | 0.32 | | |
| 3,000 | | |
| 0.32 | | |
| 0.25 | | |
| 467 | | |
| 3,000 | | |
| 0.32 | | |
| 0.25 | | |
| 467 | |
| | 0.95 | | |
| 200,000 | | |
| 0.95 | | |
| 1.26 | | |
| — | | |
| 200,000 | | |
| 0.95 | | |
| 1.26 | | |
| — | |
| $ | 0.001-0.95 | | |
| 524,000 | | |
$ | 0.44 | | |
| 0.99 | | |
$ | 114,519 | | |
| 524,000 | | |
$ | 0.44 | | |
| 0.99 | | |
$ | 114,519 | |
|