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16. Stock Options (Tables)
 3 Months Ended
Mar. 31, 2021
Schedule of stock option activity

The following table summarizes the changes in the Company’s stock option plan during the three months ended March 31, 2021:

 

   Options
Outstanding
Number Of
Shares		   Exercise
Prices
Per Share		   Weighted
Average
Remaining
Contractual
Life		   Weighted
Average

Exercise Price Per Share		   Aggregate
Intrinsic
Value		 
Balance at December 31, 2020   9,116,176   $1.39 - 10.00    9.37 years   $1.69    – 
Options Granted   660,000   $3.06    4.83 years   $3.06    – 
Options Exercised   –   $–    –   $–    – 
Options Cancelled   45,000   $2.61    4.24 years   $2.61    – 
Options Expired   –   $–    –   $–    – 
Balance at March 31, 2021   9,731,176   $1.39 - 10.00    8.86 years   $1.78    – 
                          
Exercisable December 31, 2020   6,449,452   $1.39 - 9.00    6.25 years   $7.67    – 
Exercisable March 31, 2021   6,434,452   $1.39 - 3.17    9.43 years   $1.44    – 
Stock Options [member]  
Schedule of assumptions used

The fair value of these options was determined to be $1,801,800 using the Black-Scholes option pricing model based on the following assumptions:

 

Exercise Price $3.06
Dividend Yield 0%
Volatility 143%
Risk-free interest rate 0.41%
Expected life of options 5.0 years