XML 38 R28.htm IDEA: XBRL DOCUMENT v3.22.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
SCHEDULE OF COMPENSATION BASED STOCK OPTION ACTIVITY

A summary of stock option activity for the years ended December 31, 2021 and 2020 are summarized as follows:

 

       Weighted 
For the year ended December 31, 2021      Average 
   Shares   Exercise Price 
Outstanding at January 1, 2021   3,941,301   $0.78 
Granted   12,652,761    0.15 
Expired or cancelled   (1,442)   19.80 
Outstanding at December 31, 2021   16,592,620   $0.30 

 

 

       Weighted 
For the year ended December 31, 2020      Average 
   Shares   Exercise Price 
Outstanding at January 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 December 31, 2021:

 

        Weighted-   Weighted-     
        Average   Average     
    Outstanding   Remaining Life   Exercise   Number 
Exercise prices   Options   In Years   Price   Exercisable 
                  
$0.14    7,150,000    9.67   $0.14    530,000 
 0.16    5,502,761    9.51    0.16    5,502,761 
 0.22    1,750,000    4.33    0.22    1,750,000 
 0.38    900,000    3.65    0.38    900,000 
 0.73    762,500    3.28    0.73    762,500 
 1.37    150,000    1.49    1.37    150,000 
 1.43    300,000    3.40    1.43    300,000 
 11.88    2,359    0.005    11.88    2,359 
 15.00    75,000    3.40    15.00    75,000 
                       
      16,592,620    8.22   $0.30    9,972,620 
SCHEDULE OF BLACK SCHOLES VALUATION ALLOWANCE MODEL

 

Expected Term  2.25 year 
Expected volatility   129.9 131.4%
Risk-free interest rates   0.22%
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, for the years ended December 31, 2021 and 2020, respectively are summarized as follows:

 

       Weighted- 
For the year ended December 31, 2021      Average 
   Shares   Exercise Price 
Outstanding at January 1, 2021   18,702,500   $0.20 
Issued during the year ended December 31, 2021   34,611,924    0.13-0.20 
Outstanding at December 31, 2021   53,314,424   $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 December 31, 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       1.33     $ 0.20       1,487,500  
  0.20       27,500,000       1.25       0.20       27,500,000  
  0.20       13,750,000       1.23       0.20       13,750,000  
  0.13       10,576,924       5.0       0.13       10,576,924  
                                     
          53,314,424       1.97     $ 0.19       53,314,424  

December 31 2020 [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
SCHEDULE OF BLACK SCHOLES VALUATION ALLOWANCE MODEL

 

Expected Term  3 years 
Expected volatility   140.5%
Risk-free interest rates   1.40%
Dividend yields   0.00%
November and December 2020 [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
SCHEDULE OF BLACK SCHOLES VALUATION ALLOWANCE MODEL

 

Expected Term  5 years 
Expected volatility   132.4-132.8%
Risk-free interest rates   0.67-0.81%
Dividend yields   0.00%