As of December 31, 2020, there were 62,000 options outstanding and 62,000 options exercisable with expiration dates commencing January 2021 and continuing through January 2022.

A summary of the Company’s option activity during the years ended December 31, 2020 and 2019 is presented below:

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Number of			Exercise		Contractual		Intrinsic
Options	Shares			Price		Term		Value
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
Granted		-			-		-		-
Forfeited		(12,000	)		-		-		-
Exercised		-			-		-		-
Expired		-			-		-		-
Balance Outstanding, December 31, 2020		62,000		$	1.19		0.60	$	242,200

Exercisable, December 31, 2020		62,000		$	1.19		0.60	$	242,200

A summary of the Company’s warrant activity for the years ending December 31, 2020 and 2019 is as follows:

					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
	Number of		Exercise		Contractual		Intrinsic
Warrants	Shares		Price		Term		Value
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	$	-
Granted		-		-		-		-
Forfeited		-		-		-		-
Exercised		-		-		-		-
Expired		-		-		-		-
Balance Outstanding, December 31, 2020		1,164,673	$	6.41		3.01	$	5,360

Exercisable, December 31, 2020		1,164,673	$	6.41		3.01	$	5,360