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STOCK BASED COMPENSATION
3 Months Ended
Mar. 31, 2023
Retirement Benefits [Abstract]  
STOCK BASED COMPENSATION

NOTE 5 - STOCK BASED COMPENSATION

 

  A. The table below depicts the number of options granted to such employee:

 

   options   in USD 
   Three months ended March 31, 2023 
   Number of   Weighted average exercise price 
   options   in USD 
         
Options outstanding at January 1, 2023   10,846,284   $0.0001 
Options granted during the period *)   1,859,776   $0.0001 
Options outstanding at the end of period   12,706,060   $0.0001 
Options exercisable at the end of period   9,510,407   $0.0001 

 

  B. The estimated fair values of the options granted to directors and employees were measured using Black and Scholes Model based on the following assumptions:

 

Grant date  July 1, 2021   January 2022   Q1 2023 
Vesting period   2 years    2 years    2-3 years 
Expected average volatility   187.7%   187.7%   187.7%
Expected dividend yield   -    -    - 
Common Stock Value  $0.76   $0.01-$0.08   $0.02-$0.04 
Risk-free interest rate   0.3%   1.81%   3.88%-3.39% 

 

For the three months ended March 31, 2023 and 2022 the company recognized expenses, to such options, in the amount of $279,000 and $252,000, respectively. The expense is non-cash stock-based compensation expense resulting from options awards to our Chief Financial Officer and advisors The expense represents the aggregate grant date fair value for the option awards granted and vested during the fiscal years presented, determined in accordance with FASB ASC Topic 718.

 

 

APPYEA INC.

NOTES TO THE FINANCIAL STATEMENTS