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STOCK OPTIONS AND WARRANTS (Tables)
12 Months Ended
Dec. 31, 2019
STOCK OPTIONS AND WARRANTS (Tables)  
Schedule of option activity during the year

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Options

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, December 31, 2017

 

 

49,000

 

 

$ 1.49

 

 

 

3.19

 

 

$ -

 

Granted

 

 

25,000

 

 

 

1.00

 

 

 

4.00

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Balance Outstanding, December 31, 2018

 

 

74,000

 

 

$ 1.32

 

 

 

2.47

 

 

$ 198,000

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Balance Outstanding, December 31, 2019

 

 

74,000

 

 

$ 1.32

 

 

 

1.47

 

 

$ 64,800

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, December 31, 2019

 

 

74,000

 

 

$ 1.32

 

 

 

1.47

 

 

$ 64,800

 

Significant assumptions of fair values of warrants

 

2018

 

Market value of underlying stock

 

$

6.40

Volatility

 

111.51%-254.07

%

Expected term (in years)

 

5 – 5.5

Risk-free interest rate

 

2.77% -2.78

%

Expected dividend yield

 

None

Summary of warrant activity during the year

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

Warrants

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Balance Outstanding, December 31, 2017

 

 

599,640

 

 

$ 7.65

 

 

 

5.29

 

 

$ 1,725,921

 

Granted

 

 

1,111,073

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

 

(536,000 )

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

(10,040 )

 

 

-

 

 

 

-

 

 

 

-

 

Balance Outstanding, December 31, 2018

 

 

1,164,673

 

 

$ 6.41

 

 

 

5.01

 

 

$ -

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Balance Outstanding, December 31, 2019

 

 

1,164,673

 

 

$ 6.41

 

 

 

4.01

 

 

$ -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, December 31, 2019

 

 

1,164,673

 

 

$ 6.41

 

 

 

4.01

 

 

$ -