STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2020

STOCK-BASED COMPENSATION

Schedule of forward-looking range of assumptions to value the stock options issue

	2020		2019
Dividend yield	0.0	%	0.0	%
Risk-free rate of return	0.33	%	2.15	%
Expected life in years	5.88		5.88
Volatility	74.57	%	93.59	%
Forfeiture rate	2.6	%	2.6	%

Schedule of the Company's stock options

A summary of the Company’s stock options for the six months ended June 30, 2020 is as follows:

				Weighted
				Average
		Weighted		Remaining
	Number of	Average		Contractual		Aggregate
	Shares	Exercise Price		Life		Intrinsic Value
Options Outstanding, December 31, 2019	9,821,250	$	0.28
Granted	2,130,000	$	0.30
Exercised	—	$	—
Forfeited	—	$	—
Options Outstanding, June 30, 2020	11,951,250	$	0.28	5.9	years	$	813,600
Vested and unvested but expected to vest, June 30, 2020	11,784,785	$	0.28	5.9	years	$	802,268
Exercisable at June 30, 2020	8,093,750	$	0.30	4.4	years	$	550,550