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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2020
Stockholders' Equity Note [Abstract]  
Summary of warrant activity

The following is a summary of warrant activity.

 

       Warrants Outstanding    Weighted Average Exercise Price   Weighted Average Remaining Contractual Life     Aggregate Intrinsic Value
Outstanding, December 31, 2018       419,167     $ 61.00       3.48     $  
Granted       25,355,000       0.97                  
Forfeited                                
Exercised       (6,120,000 )     0.50                  
Outstanding, December 31, 2019       19,654,167     $ 1.57       2.76     $ 1,111,600  
Granted                                
Forfeited       (10,667 )     256.25                  
Exercised                                
Outstanding, December 31, 2020       19,643,500     $ 1.50       1.76     $  
Exercisable, December 31, 2020       19,643,500     $ 1.50       1.76     $  
Summary of exercise price for warrant outstanding

The exercise price for warrant outstanding and exercisable at December 31, 2020:

 

Outstanding     Exercisable  
Number of     Exercise     Number of     Exercise  
Warrants     Price     Warrants     Price  
  15,880,000     $ 0.50       15,880,000     $ 0.50  
  3,000,000       1.85       3,000,000       1.85  
  500,000       2.70       500,000       2.70  
  20,000       31.90       20,000       31.90  
  100,000       50.00       100,000       50.00  
  75,000       75.00       75,000       75.00  
  50,000       100.00       50,000       100.00  
  10,000       235.00       10,000       235.00  
  7,500       250.00       7,500       250.00  
  1,000       280.00       1,000       280.00  
  19,643,500               19,643,500          

 

Schedule of Assumptions

The fair value of the warrants listed above was determined using the Black-Scholes option pricing model with the following assumptions:

 

    December 31,
    2019
Risk-free interest rate   1.55%
Expected life of the options   3.1 to 3.6 years
Expected volatility   185%
Expected dividend yield   0%