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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2021
Compensation Related Costs [Abstract]  
SCHEDULE OF COMPENSATION BASED STOCK OPTION ACTIVITY

Compensation based stock option activity for qualified and unqualified stock options are summarized as follows:

 

       Weighted 
For the six months ended June 30, 2021      Average 
   Shares   Exercise Price 
Outstanding at January 1, 2021   3,941,301   $0.78 
Expired or canceled   -    - 
Outstanding at June 30, 2021   3,941,301   $0.78 

 

For the year ended December 31, 2020

 

       Weighted 
       Average 
   Shares   Exercise Price 
Outstanding at January 1, 2020   6,145,044   $0.75 
Expired or canceled   (2,203,743)   0.70 
Outstanding at December 31, 2020   3,941,301   $0.78 
SCHEDULE OF OPTIONS TO PURCHASE SHARES OF COMMON STOCK OUTSTANDING AND EXERCISABLE

The following table summarizes information about options to purchase shares of the Company’s Common Stock outstanding and exercisable at June 30, 2021:

            Weighted-     
        Weighted-   Average     
    Outstanding   Average   Exercise   Number 
Exercise prices   Options   Remaining Life   Price   Exercisable 
                  
$0.22    1,750,000    4.84   $0.22    1,750,000 
 0.38    900,000    4.16    0.38    900,000 
 0.73    762,500    3.78    0.73    762,500 
 1.37    150,000    2.00    1.37    150,000 
 1.43    300,000    3.91    1.43    300,000 
 11.88    2,359    0.51    11.88    2,359 
 15.00    75,000    3.91    15.00    75,000 
 19.80    1,442    0.34    19.80    1,442 
      3,941,301    4.28   $0.78    3,941,301 
SCHEDULE OF WARRANTS ACTIVITY

The issuance of warrants to purchase shares of the Company’s Common Stock, including those attributed to debt issuances, as of June 30, 2021 and December 31, 2020 are summarized as follows:

       Weighted- 
       Average 
   Shares   Exercise Price 
Outstanding at January 1, 2021   18,702,500   $0.20 
Issued during six months ended June 30, 2021   24,035,000    0.20 
Expired or cancelled   -   - 
Outstanding at June 30, 2021   42,737,500   $0.20 

 

 

       Weighted- 
       Average 
For the year ended December 31, 2020  Shares   Exercise Price 
         
Outstanding at January 1, 2020   19,515,787   $0.60 
Issued during the year ended December 31, 2020   17,215,000    0.20 
Expired or cancelled   (18,028,287)   0.63 
Outstanding at December 31, 2020   18,702,500   $0.20 
SCHEDULE OF WARRANTS OUTSTANDING AND EXERCISABLE

The following table summarizes information about warrants outstanding and exercisable at June 30, 2021:

 

    Outstanding and exercisable 
        Weighted-   Weighted-     
        Average   Average     
    Number   Remaining Life   Exercise   Number 
Exercise Price   Outstanding   in Years   Price   Exercisable 
                  
$0.20    1,487,500    2.08   $0.20    1,487,500 
 0.20    41,250,000    2.15    0.20    41,250,000 
      42,737,500    2.15   $0.20    42,737,500 
SCHEDULE OF BLACK SCHOLES VALUATION ALLOWANCE MODEL OF WARRANTS

 

Expected Term  1-2 years 
Expected volatility   94.4130.0%
Risk-free interest rates   0.080.25%
Dividend yields   0.00%

 

Expected Term  3 years 
Expected volatility   140.5%
Risk-free interest rates   1.40%
Dividend yields   0.00%