STOCK-BASED COMPENSATION (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 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, 2021 is as follows:

				Weighted
				Average
		Weighted		Remaining
	Number of	Average		Contractual		Aggregate
	Shares	Exercise Price		Life		Intrinsic Value
Options Outstanding, December 31, 2020	11,951,250	$	0.28
Granted	-	$	0.30
Exercised	(105,000)	$	0.21
Forfeited	(1,915,000)	$	0.21
Options Outstanding, June 30, 2021	9,931,250	$	0.30	5.9	years	$	283,550
Vested and unvested but expected to vest, June 30, 2021	9,606,260	$	0.30	5.9	years	$	274,271
Exercisable at June 30, 2021	7,861,250	$	0.31	5.3	years	$	223,250

The following summarizes information about stock options outstanding at December 31, 2020:

		Weighted		Weighted
		Average		Average	Aggregate
	Number of	Exercise		Remaining	Intrinsic
	Shares	Price		Contractual Life	Value
Options Outstanding, December 31, 2019	9,821,250	$	0.28
Granted	2,130,000	$	0.30
Exercised	-	$	-
Forfeited	-	$	-
Options Outstanding, December 31, 2020	11,951,250	$	0.28	5.4 years	$	2,189,575
Vested and unvested but expected to vest, December 31, 2020	11,811,875	$	0.28	5.4 years	$	2,164,040
Exercisable at December 31, 2020	8,745,500	$	0.29	4.1 years	$	1,563,850