XML 31 R19.htm IDEA: XBRL DOCUMENT v3.21.2
OPTIONS (Tables)
 9 Months Ended
Sep. 30, 2021
Share-based Payment Arrangement [Abstract]  
SCHEDULE OF ESTIMATE FAIR VALUE OF STOCK OPTIONS

The Company uses the Black-Scholes option pricing model to estimate the fair value of stock-based awards on the date of the grant. The following table summarizes the assumptions used to estimate the fair value of the stock options granted during the quarter ended September 30, 2021:

 SCHEDULE OF ESTIMATE FAIR VALUE OF STOCK OPTIONS

Expected dividend yield 0%
Weighted-average expected volatility 102-207%
Weighted-average risk-free interest rate 0.25%
Expected life of options 5 years 

SCHEDULE OF STOCK OPTION ACTIVITY

The following table represents stock option activity for the nine-month period ended September 30, 2021:

 SCHEDULE OF STOCK OPTION ACTIVITY

   Number Outstanding   Weighted Average Exercise Price   Contractual Life in Years   Intrinsic Value 
Options Outstanding as of December 31, 2020   425,817   $4.44    5.33   $597,322 
Options Exercisable as of December 31, 2020   282,167   $4.52    4.56   $384,226 
Options granted   36,700   $5.74    4.44    - 
Options forfeited   -   $-    -    - 
Options expired   -   $-    -    - 
Options exercised   (30,353)  $0.06    -    - 
                     
Options Outstanding as of September 30, 2021   432,164   $4.86    4.89   $368,613 
Options Exercisable as of September 30, 2021   295,015   $4.90    4.58   $245,551