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STOCK OPTIONS AND WARRANTS (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
STOCK OPTIONS AND WARRANTS    
Schedule of stock option activity

 

 

September 30, 2021

 

Risk-free interest rates

 

0.74%-0.84%

 

Expected life (in years)

 

 

5.00

 

Expected volatility

 

295%-325%

 

Dividend yield

 

 

0.00%

 

 

Options Outstanding

 

 

Weighted Average Exercise Price

 

Outstanding at December 31, 2018

 

 

30

 

 

$10,924.00

 

Assumed in recapitalization

 

 

35,894

 

 

 

11.88

 

Cancelled in recapitalization

 

 

(30)

 

 

10,924.00

 

Granted post-recapitalization

 

 

313,499

 

 

 

10.93

 

Granted

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

Expired or cancelled

 

 

(25)

 

 

70.00

 

Outstanding at December 31, 2019

 

 

349,368

 

 

 

11.03

 

Granted

 

 

326,936

 

 

 

5.60

 

Exercised

 

 

-

 

 

 

-

 

Expired or cancelled

 

 

-

 

 

 

-

 

Outstanding at December 31, 2020

 

 

676,304

 

 

$8.40

 

Exercisable at December 31, 2020

 

 

381,293

 

 

$10.68

 

Schedule of fair value of stock options granted

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

 

 

 

Exercise

 

 

 

Warrants

 

 

Price per

 

 

 

Outstanding

 

 

Share

 

Outstanding at December 31, 2019

 

 

470,939

 

 

 

4.80

 

Issued

 

 

2,223,438

 

 

 

2.01

 

Cancelled pursuant to modification

 

 

(479,533)

 

 

4.80

 

Reissued pursuant to modification

 

 

1,438,599

 

 

 

1.60

 

Exercised

 

 

-

 

 

 

-

 

Expired or cancelled

 

 

-

 

 

 

-

 

Outstanding at December 31, 2020

 

 

3,653,443

 

 

 

1.84

 

Issued

 

 

6,008,237

 

 

 

4.18

 

Cancelled pursuant to modification

 

 

(2,457,213)

 

 

2.03

 

Exchanged for common stock

 

 

(522,108)

 

 

2.60

 

Exercised

 

 

-

 

 

 

-

 

Expired or cancelled

 

 

-

 

 

 

-

 

Outstanding at September 30, 2021

 

 

6,682,359

 

 

 

3.92

 

 
Schedule of warrants outstanding

 

 

 

 

 

Wtd. Avg.

 

 

 

 

 

 

Exercise

 

 

 

Options

 

 

Price

 

Outstanding at December 31, 2019

 

 

349,368

 

 

$4.41

 

Granted

 

 

326,930

 

 

 

2.24

 

Exercised

 

 

-

 

 

 

-

 

Expired or cancelled

 

 

-

 

 

 

-

 

Balance, December 31, 2020

 

 

676,298

 

 

 

3.36

 

Granted during the period

 

 

1,765,250

 

 

 

4.87

 

Exercised during the period

 

 

-

 

 

 

-

 

Terminated/Expired during the period

 

 

(79,158 )

 

 

6.87

 

Balance, September 30, 2021

 

 

2,362,390

 

 

$4.61

 

Exercisable at September 30, 2021

 

 

497,284

 

 

$3.92

 

 

 

Warrants Outstanding

 

 

Weighted Average Exercise

Price Per Share

 

Outstanding at December 31, 2018

 

 

76

 

 

$2,636.00

 

Assumed in recapitalization

 

 

900,000

 

 

 

2.00

 

Cancelled in recapitalization

 

 

(76)

 

 

2,636.00

 

Exchanged pursuant to recapitalization

 

 

(900,000)

 

 

2.00

 

Issued post-recapitalization

 

 

188,376

 

 

 

12.00

 

Exercised

 

 

-

 

 

 

-

 

Expired or cancelled

 

 

-

 

 

 

-

 

Outstanding at December 31, 2019

 

 

188,376

 

 

 

12.00

 

Issued

 

 

889,376

 

 

 

5.025

 

Cancelled pursuant to modification

 

 

(191,814)

 

 

12.00

 

Reissued pursuant to modification

 

 

575,440

 

 

 

4.00

 

Exercised

 

 

-

 

 

 

-

 

Expired or cancelled

 

 

-

 

 

 

-

 

Outstanding at December 31, 2020

 

 

1,461,377

 

 

$4.60

 

Schedule of options outstanding and exercisable

Exercise

Price

 

 

Number

Outstanding

 

 

Weighted

Average

Remaining

Contractual Life

(Years)

 

 

Weighted

Average

Exercise Price

Exercisable

 

 

Number

Exercise Price

 

 

Weighted

Average

 

$

 1.00 - $2.00

 

 

 

35,869

 

 

 

2.45

 

 

$1.44

 

 

 

35,869

 

 

$1.44

 

$

2.56

 

 

 

190,468

 

 

 

2.59

 

 

$2.56

 

 

 

190,468

 

 

$2.56

 

$

3.00 - $4.00

 

 

 

797,419

 

 

 

4.47

 

 

$3.91

 

 

 

76,946

 

 

$3.63

 

$

 4.00 - $5.00

 

 

 

943,000

 

 

 

4.69

 

 

$4.60

 

 

 

129,000

 

 

$4.62

 

$

6.00 - $7.00

 

 

 

212,934

 

 

 

3.55

 

 

$6.30

 

 

 

13,767

 

 

$6.37

 

$

8.00 - $9.00

 

 

 

180,200

 

 

 

4.55

 

 

$8.43

 

 

 

48,733

 

 

$8.41

 

$

16.00

 

 

 

2,500

 

 

 

1.39

 

 

$16.00

 

 

 

2,500

 

 

$16.00

 

 

 

 

 

 

2,362,390

 

 

 

 

 

 

 

 

 

 

 

497,283

 

 

 

 

 

 

 

 

Options Exercisable

 

 

 

 

Number Outstanding

 

 

Weighted Average Remaining Contractual Life(Years)

 

 

Weighted Average Exercise Price

 

 

Number Exercisable

 

 

Weighted Average Exercise Price

 

$

 2.50-$500.00 

 

 

 

254,530

 

 

 

3.35

 

 

$4.175

 

 

 

132,020

 

 

$4.03

 

$

6.25

 

 

 

192,936

 

 

 

4.16

 

 

$6.25

 

 

 

20,435

 

 

$6.25

 

 $ 7.50-$10.00 

 

 

 

29,870

 

 

 

3.30

 

 

$8.425

 

 

 

29,870

 

 

$8.43

 

$

12.00

 

 

 

6,000

 

 

 

2.49

 

 

$12.00

 

 

 

6,000

 

 

$12.00

 

$

16.00

 

 

 

192,968

 

 

 

3.29

 

 

$16.00

 

 

 

192,968

 

 

$16.00

 

 

 

 

 

 

676,304

 

 

 

 

 

 

 

 

 

 

 

381,293