SUBSEQUENT EVENTS	12 Months Ended
Dec. 31, 2021
SUBSEQUENT EVENTS
18. SUBSEQUENT EVENTS	NOTE 18. SUBSEQUENT EVENTS Pursuant to the agreement with our Board of Directors, in January 2022, we issued an aggregate of 51,750 shares of common stock valued at approximately $54,000 to independent directors of the Board. The agreements with our Board provide for the annual issuance of shares of our common stock. In January 2022 we issued an option to purchase 172,500 shares of common stock to our Chief Executive Officer at an exercise price of $1.12 per share pursuant to an employment agreement. The option was valued at $190,239 and has a term of 10 years. We utilized the Black-Scholes model to fair value the warrant received by our Chief Executive Officer with the following assumptions: volatility, 151%; expected dividend yield, 0%; risk free interest rate, 1.75%; and a life of 10 years. The grant date fair value of each share of common stock underlying the warrant was $1.10. In January 2022 we issued an option to purchase 57,500 shares of common stock to our Chief Operating Officer at an exercise price of $1.12 per share pursuant to an employment agreement. The option was valued at $63,413 and has a term of 10 years. We utilized the Black-Scholes model to fair value the warrant received by our Chief Executive Officer with the following assumptions: volatility, 151%; expected dividend yield, 0%; risk free interest rate, 1.75%; and a life of 10 years. The grant date fair value of each share of common stock underlying the warrant was $1.10. In January 2022 we issued an option to purchase 40,000 shares of common stock to our Chief Financial Officer at an exercise price of $1.12 per share pursuant to an employment agreement. The option was valued at $44,113 and has a term of 10 years. We utilized the Black-Scholes model to fair value the warrant received by our Chief Executive Officer with the following assumptions: volatility, 151%; expected dividend yield, 0%; risk free interest rate, 1.75%; and a life of 10 years. The grant date fair value of each share of common stock underlying the warrant was $1.10.

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2021

NOTE 18. SUBSEQUENT EVENTS

Pursuant to the agreement with our Board of Directors, in January 2022, we issued an aggregate of 51,750 shares of common stock valued at approximately $54,000 to independent directors of the Board. The agreements with our Board provide for the annual issuance of shares of our common stock.

In January 2022 we issued an option to purchase 172,500 shares of common stock to our Chief Executive Officer at an exercise price of $1.12 per share pursuant to an employment agreement. The option was valued at $190,239 and has a term of 10 years. We utilized the Black-Scholes model to fair value the warrant received by our Chief Executive Officer with the following assumptions: volatility, 151%; expected dividend yield, 0%; risk free interest rate, 1.75%; and a life of 10 years. The grant date fair value of each share of common stock underlying the warrant was $1.10.

In January 2022 we issued an option to purchase 57,500 shares of common stock to our Chief Operating Officer at an exercise price of $1.12 per share pursuant to an employment agreement. The option was valued at $63,413 and has a term of 10 years. We utilized the Black-Scholes model to fair value the warrant received by our Chief Executive Officer with the following assumptions: volatility, 151%; expected dividend yield, 0%; risk free interest rate, 1.75%; and a life of 10 years. The grant date fair value of each share of common stock underlying the warrant was $1.10.

In January 2022 we issued an option to purchase 40,000 shares of common stock to our Chief Financial Officer at an exercise price of $1.12 per share pursuant to an employment agreement. The option was valued at $44,113 and has a term of 10 years. We utilized the Black-Scholes model to fair value the warrant received by our Chief Executive Officer with the following assumptions: volatility, 151%; expected dividend yield, 0%; risk free interest rate, 1.75%; and a life of 10 years. The grant date fair value of each share of common stock underlying the warrant was $1.10.