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Stockholders' Deficit (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

There were 5,222,863 options outstanding as of March 31, 2020. The fair value of each stock option granted was estimated using the Black-Scholes assumptions and or factors as follows:

Exercise price		$	1.75
Expected dividend yield			0	%
Risk free interest rate			1.61	%
Expected life in years			10
Expected volatility			140	%

There were 3,835,366 options outstanding as of December 31, 2019. The fair value of each stock option granted was estimated using the Black-Scholes assumptions and or factors as follows:

Exercise price		$	1.00 - $1.75
Expected dividend yield			0	%
Risk free interest rate			2.09% - 2.70	%
Expected life in years			10
Expected volatility			137% - 140	%

Schedule of Share-based Compensation, Stock Options, Activity

The following is an analysis of the stock option grant activity under the Plan:

						Weighted Average				Weighted Average Remaining
		Number				Exercise Price				Life
Stock Options
Outstanding December 31, 2018			3,846,299			$	1.36				7.20
Granted			126,567			$	1.15				9.20
Expired			(137,500	)		$	1.75
Outstanding December 31, 2019			3,835,366			$	1.34				6.02
Granted			1,387,497			$	1.75				9.88
Expired			-			$	-
Outstanding March 31, 2020			5,222,863			$	1.45				7.02

Schedule of Share-based Compensation Nonvested Shares

A summary of the status of the Company’s nonvested options as of March 31, 2020, and changes during the three months ended March 31, 2020, is presented below:

Nonvested Options		Options				Weighted- Average Exercise Price
Nonvested at December 31, 2018			800,210			$	1.63
Granted			126,567			$	1.15
Vested			(584,895	)		$	1.46
Forfeited			(137,500	)		$	1.75
Nonvested at December, 2019			204,382			$	1.74
Granted			1,387,497			$	1.75
Vested			(294,698	)		$	1.36
Forfeited			-			$	-
Nonvested at March 31, 2020			1,297,181			$	1.74

Summary of Warrant Issuances

A summary of warrant issuances are as follows:

						Weighted Average				Weighted Average Remaining
		Number				Exercise Price				Life
Warrants
Outstanding December 31, 2018			3,826,658			$	1.05				3.69
Granted			-				-				-
Outstanding December 31, 2019			3,826,658			$	1.05				2.69
Granted			-				-				-
Outstanding March 31, 2020			3,826,658			$	1.05				2.49

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Tabular disclosure of the changes in outstanding nonvested shares.

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-Name Accounting Standards Codification
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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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