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Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Assumptions of Fair Values Options Issued

The significant assumptions used to determine the fair values of options issued, using a Black-Scholes option-pricing model are as follows:

Significant assumptions:
Risk-free interest rate at grant date			2.38	%
Expected stock price volatility			184.78	%
Expected dividend payout			—
Expected option life-years			6.5 years
Weighted average grant date fair value		$	0.15
Forfeiture rate			0	%

Schedule of Warrant Activity

The following is a summary of outstanding and exercisable warrants:

		Warrants Outstanding Number of Shares				Exercise Price per Share				Weighted Average Remaining Contractual Life				Weighted Average Exercise Price per Share
Balance at December 31, 2017			3,089,119			$	0.20 - 0.40				1.5 years				0.4
Warrants Granted			2,491,305				0.28 - 0.40				7.5 years				0.29
Warrants Exercised			–				–				–				–
Warrants Expired			(354,891	)			0.40 - 0.50				0 years				0.44
Balance at December 31, 2018			5,225,533			$	0.20 - 0.50				2.99 years			$	0.35
Warrants Granted			6,201,088			$	0.28				9.84 years				0.28
Warrants Exercised			–				–				–				–
Warrants Expired			(100,000	)			0.20 - 0.50				–				0.35
Balance at December 31, 2019			11,326,621			$	0.20 - 0.50				6.69 years			$	0.34
Exercisable December 31, 2018			5,225,533			$	0.20 - 0.50				2.99 years			$	0.31
Exercisable December 31, 2019			10,330,244			$	0.20 - 0.50				6.24 years			$	0.31

Schedule of Assumptions of Fair Values Warrants Granted

The fair value of warrants granted (or extended) during the years ended December 31, 2019 and 2018, was estimated on the date of grant (or extension) using the Black-Scholes option-pricing model with the following weighted-average assumptions:

		2019				2018
Expected volatility			123.4% - 195.7%				191% - 196%
Risk free interest rate			1.42% - 2.58%				2.44% - 2.58%
Expected dividend yield			-				-
Expected warrant term (in years)			2.0 - 5.0				3.0 - 5.0
Weighted average grant date fair value		$	0.22				$0.21 – 0.22

Service-Based Stock Options [Member]

Schedule of Option Activity

The following is a summary of outstanding service-based options at December 31, 2019 and 2018:

		Options Outstanding Number of Shares				Exercise Price per Share				Weighted Average Remaining Contractual Life				Weighted Average Exercise Price per Share
Balance at December 31, 2017			10,960,800				0.20 - 0.40				3.41 years			$	0.26
Granted			3,400,000				0.30 - 0.40				6.9 years				0.39
Expired			(550,000	)			–				–				0.20
Exercised			40,800				0.2				3.41 years				0.20
Balance at December 31, 2018			13,820,000				$ 0.20 - 0.40				4.34 years			$	0.26
Granted			1,425,000				$ 0.23 - 1.50				9.55 years				0.72
Cancelled			(200,000	)		$	0.40				7.75 years				0.40
Expired			–				–				–				–
Balance at September 30, 2019			15,045,000				$ 0.20 - 0.40				4.78 years			$	0.3
Exercisable December 31, 2018			10,805,416				$ 0.20 - 0.40				3.63 years			$	0.24
Exercisable December 31, 2019			11,805,416				$ 0.20 - 0.40				3.76 years			$	0.25

Performance-Based Stock Options [Member]

Schedule of Option Activity

The following is a summary of outstanding service-based options at December 31, 2019 and 2018:

Options Outstanding Number of Shares

Exercise Price per Share

Weighted Average Remaining Contractual Life

Weighted Average Exercise Price per Share

Balance at December 31, 2017

–

–

–

–

Granted

15,425,000

$ 0.25 - 0.40

5.46 years

$

0.27

Cancelled

–

–

–

–

Expired

–

–

–

–

Balance at December 31, 2018

15,425,000

$ 0.25 - 0.40

5.46 years

$

0.27

Granted

–

–

–

–

Cancelled

(8,600,000

)

0.25 - 0.40

7.32 years

0.31

Expired

–

–

–

–

Balance at December 31, 2019

6,825,000

$ 0.25 - 0.40

3.11 years

$

0.23

Exercisable December 31, 2018

3,175,000

$ 0.25 - 0.40

2.63 years

$

0.40

Exercisable December 31, 2019

3,175,000

$ 0.25 - 0.40

2.63 years

$

0.40

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