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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2022
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, 2022      Average 
   Shares   Exercise Price 
Outstanding at January 1, 2022   16,592,620   $0.30 
Expired or cancelled   (2,359)   11.88 
Issued   9,100,000    0.10 
Outstanding at September 30, 2022   25,690,261   $0.23 
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, 2022:

 

            Weighted-     Weighted-        
            Average     Average        
      Outstanding     Remaining Life     Exercise     Number  
Exercise prices     Options     In Years     Price     Exercisable  
                           
$ 0.01 to 0.15       16,250,000       9.4     $ 0.12       6,057,500  
  0.16       5,502,761       8.8       0.16       5,502,761  
  0.22       1,750,000       3.6       0.22       1,750,000  
  0.38       900,000       2.9       0.38       900,000  
  0.73       762,500       2.5       0.73       762,500  
  1.37       150,000       0.7       1.37       150,000  
  1.43       300,000       2.7       1.43       300,000  
  15.00       75,000       2.7       15.00       75,000  
          25,690,261       8.3     $ 0.30       15,497,761  
SCHEDULE OF BLACK SCHOLES VALUATION ALLOWANCE MODEL

 

Strike price  $0.15 
Expected Term   1 year 
Expected volatility   115.1%
Risk-free interest rates   1.36%
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, 2022 are summarized as follows:

 

   Shares  

Average

Exercise Price

 
Outstanding at January 1, 2022   53,314,424   $0.20 
Issued during the nine months ended September 30, 2022   38,623,816    0.15-0.20 
Exercised / cancelled during the nine months ended September 30, 2022   (9,615,385)   0.13 
Outstanding at September 30, 2022   82,322,855   $0.18 
SCHEDULE OF WARRANTS OUTSTANDING AND EXERCISABLE

The following table summarizes information about warrants outstanding and exercisable at September 30, 2022:

 

    Outstanding and exercisable 
        Weighted-   Weighted-     
        Average   Average     
    Number   Remaining Life   Exercise   Number 
Exercise Price   Outstanding   in Years   Price   Exercisable 
$0.20    42,737,500    0.50   $0.20    42,737,500 
 0.13    961,539    4.21    0.13    961,539 
 0.15    33,000,066    1.50    0.15    33,000,066 
 0.20    5,623,750     4.50-4.73    0.20    5,623,750 
      82,322,855    1.0   $0.18    82,322,855 
Stock Options [Member]  
SCHEDULE OF BLACK SCHOLES VALUATION ALLOWANCE MODEL

 

Strike price  $0.10 
Expected Term   1 year 
Expected volatility   95.5%
Risk-free interest rates   3.12%
Dividend yields   0.00%