STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2021			Average
	Shares		Exercise Price
Outstanding at January 1, 2021		3,941,301	$	0.78
Issued during the three and nine months ended September 30, 2021		11,394,809		0.15
Outstanding at September 30, 2021		15,336,110	$	0.31

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 September 30, 2021:

						Weighted-
				Weighted-		Average
		Outstanding		Average		Exercise		Number
Exercise prices		Options		Remaining Life		Price		Exercisable
$	0.14		7,150,000		9.92	$	0.14		265,000
	0.16		4,244,809		9.77		0.16		4,244,809
	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
			15,336,110		8.37	$	0.31		8,451,110

SCHEDULE OF BLACK SCHOLES VALUATION ALLOWANCE MODEL OF WARRANTS

Expected Term	1 year
Expected volatility		97.3 – 110.0	%
Risk-free interest rates		0.05	%
Dividend yields		0.00	%

 

Expected Term	1-2 years
Expected volatility		94.4 – 130.0	%
Risk-free interest rates		0.08 – 0.25	%
Dividend yields		0.00	%

 

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

 

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 September 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 nine months ended September 30, 2021		24,035,000		0.20
Outstanding at September 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 September 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