XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.23.3

DIRECTORS AND EMPLOYEES’ BENEFITS | 9 Months Ended
--- | ---
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract] |
DIRECTORS AND EMPLOYEES’ BENEFITS | 15. DIRECTORS AND EMPLOYEES’ BENEFITS AEI Stock Option plans Under our 2018 Incentive Compensation Plan (the “Plan”), adopted by our board of directors and holders of a majority of our outstanding shares of common stock in September 2018, 25,000 shares of common stock (subject to certain adjustments) were reserved for issuance upon exercise of stock options and grants of other equity awards. No options or other equity awards have been granted under the Plan. The reservation of shares under the Incentive Compensation Plan was cancelled in May 2021. Alset International Stock Option plans On November 20, 2013, Alset International approved a Stock Option Plan (the “2013 Plan”). Employees, executive directors, and non-executive directors (including the independent directors) are eligible to participate in the 2013 Plan. The following tables summarize stock option activity under the 2013 Plan for the nine months ended September 30, 2023: SCHEDULE OF OPTION ACTIVITY
|  | Options for Common Shares |  |  | Exercise Price |  |  | Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Outstanding as of January 1, 2022 |  |  | 1,061,333 |  |  | $ | 0.09 |  |  |  | 2.00 |  |  | $ | - |
Vested and exercisable at January 1, 2022 |  |  | 1,061,333 |  |  | $ | 0.09 |  |  |  | 2.00 |  |  | $ | - |
Granted |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Forfeited, cancelled, expired |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Outstanding as of December 31, 2022 |  |  | 1,061,333 |  |  | $ | 0.09 |  |  |  | 1.00 |  |  | $ | - |
Vested and exercisable at December 31, 2022 |  |  | 1,061,333 |  |  | $ | 0.09 |  |  |  | 1.00 |  |  | $ | - |
Granted |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Forfeited, cancelled, expired |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Outstanding as of September 30, 2023 |  |  | 1,061,333 |  |  | $ | 0.09 |  |  |  | 0.25 |  |  | $ | - |
Vested and exercisable at September 30, 2023 |  |  | 1,061,333 |  |  | $ | 0.09 |  |  |  | 0.25 |  |  | $ | - |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration