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Stockholder Equity (Tables)
12 Months Ended
Dec. 31, 2021
Schedule of stock option activity

 

 

Shares

 

 

Weighted

Average

Exercise Price

 

 

Aggregate

Intrinsic Value

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Options outstanding at December 31, 2019

 

 

12,180,500

 

 

 

0.20

 

 

$4,750,395

 

 

 

5.59

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Expired/forfeit

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at December 31, 2020

 

 

12,180,500

 

 

 

0.20

 

 

$4,750,395

 

 

 

4.59

 

Granted

 

 

2,885,000

 

 

 

1.20

 

 

 

 

 

 

 

Exercised

 

 

(225,500)

 

 

0.19

 

 

 

 

 

 

 

Expired/forfeit

 

 

(2,540,000)

 

 

0.17

 

 

 

 

 

 

 

Options outstanding at December 31, 2021

 

 

12,300,000

 

 

 

0.37

 

 

$4,521,310

 

 

 

5.62

 

Schedule of warrant activity

 

 

Options

 

Options Unvested at December 31, 2019

 

 

 

Granted

 

 

 

Vested

 

 

 

Expired/forfeit

 

 

 

Options Unvested at December 31, 2020

 

 

 

Granted

 

 

2,885,000

 

Vested

 

 

(379,817)

Expired/forfeit

 

 

(40,000)

Options Unvested at December 31, 2021

 

 

2,465,183

 

Stock Option [Member]  
Schedule of stock option assumptions

 

 

For the years ended

 

 

 

2021

 

 

2020

 

Dividend yield

 

 

0.00%

 

 

Expected life

 

5.49 – 6.25 Years

 

 

 

Expected volatility

 

38.39- 38.67

%

 

 

Risk-free interest rate

 

0.87– 1.07

%

 

 

 

 

For the years ended

 

 

 

2021

 

 

2020

 

Dividend yield

 

 

0.00%

 

 

 

Expected life

 

1 - 3 Years

 

 

 

 

Expected volatility

 

42.39% - 45.24%

 

 

 

 

Risk-free interest rate

 

0.600% - 0.795%

 

 

 

 

 

 

Shares

 

 

Weighted

Average

Exercise Price

 

 

Aggregate

Intrinsic Value

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Balance at December 31, 2019

 

 

950,000

 

 

 

0.11

 

 

$690,500

 

 

 

1.44

 

Issued

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020

 

 

950,000

 

 

 

0.11

 

 

$690,500

 

 

 

0.44

 

Issued

 

 

5,033,333

 

 

 

0.85

 

 

 

 

 

 

Exercised

 

 

(4,733,333)

 

 

0.26

 

 

 

 

 

 

 

Balance at December 31, 2021

 

 

1,250,000

 

 

 

2.50

 

 

$437,500

 

 

 

2.96