XML 249 R72.htm IDEA: XBRL DOCUMENT v3.20.4
Equity (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Equity [Abstract]    
Summary of Stock Options

The following is a summary of the stock options granted, forfeited or expired, and exercised under the Plan for the nine months ended September 30, 2020:

 

    Options     Weighted Average Exercise
Price Per Share
    Weighted Average Remaining Contractual Life (Years)     Aggregate Intrinsic Value  
Outstanding at December 31, 2019     19,700,000     $ 0.18       3.87     $ 2,995,640  
Granted     2,350,000       0.36       4.53       -  
Forfeited or expired     (2,000,000 )     0.39       4.48       -  
Exercised     -       -       -       -  
Outstanding at September 30, 2020     20,050,000     $ 0.20       3.88     $ -  

 

The following is a summary of the stock options granted, forfeited or expired, and exercised under the Plan for the nine months ended September 30, 2019:

 

    Options     Weighted Average Exercise
Price Per Share
    Weighted Average Remaining Contractual Life (Years)     Aggregate Intrinsic
Value
 
Outstanding at December 31, 2018     -     $ -       -     $           -  
Granted     19,000,000       0.17       4.86       -  
Forfeited or expired     -       -       -       -  
Exercised     -       -       -       -  
Outstanding at September 30, 2019     19,000,000     $ 0.17       4.86     $ -  

The following is a summary of the stock options granted, forfeited or expired, and exercised under the Plan for the year ended December 31, 2019:

 

    Options    

Weighted Average Exercise

Price Per Share

    Weighted Average Remaining Contractual Life (Years)     Aggregate Intrinsic Value  
Outstanding at December 31, 2018     -     $ -       -       -  
Granted     19,700,000       0.18       4.62       -  
Forfeited or expired     -       -       -       -  
Exercised     -       -       -       -  
Outstanding at December 31, 2019     19,700,000     $ 0.18       4.62       2,995,640  

 

Summary of Non-Vested Stock Options

The following is a summary of the Company’s non-vested stock options as of September 30, 2020, and changes during the nine months ended September 30, 2020:

 

    Options     Weighted Average Exercise Price Per Share     Weighted Average Remaining Contractual Life (Years)  
Non-vested at December 31, 2019     18,200,000     $ 0.18       4.30  
Granted     2,350,000       0.36       4.53  
Vested     (4,700,000 )     0.17       2.74  
Forfeited or expired     (2,000,000 )     0.39       4.48  
Non-vested at September 30, 2020     13,850,000     $ 0.17       2.74  

 

The following is a summary of the Company’s non-vested stock options as of September 30, 2019, and changes during the nine months ended September 30, 2019:

 

    Options     Weighted Average Exercise Price Per Share     Weighted Average Remaining Contractual Life (Years)  
Non-vested at December 31, 2018     -     $ -       -  
Granted     19,000,000       0.17       4.86  
Vested     (1,500,000 )     0.20       3.45  
Forfeited or expired     -       -       -  
Non-vested at September 30, 2019     17,500,000     $ 0.22       3.78  

The following is a summary of the Company’s non-vested stock options as of December 31, 2019, and changes during the year ended December 31, 2019:

 

    Options     Weighted Average Exercise Price Per Share     Weighted Average Remaining Contractual Life (Years)  
Non-vested at December 31, 2018     -     $ -       -  
Granted     19,700,000       0.18       4.62  
Vested     (1,500,000 )     0.20       4.21  
Forfeited or expired     -       -       -  
Non-vested at December 31, 2019     18,200,000     $ 0.18       4.30  

 

Schedule of Assumption of Black-Scholes Option Pricing Model

. The following assumptions were used in the Black-Scholes option-pricing model:

 

   

Nine Months Ended

September 30, 2020

   

Nine Months Ended

September 30, 2019

 
Exercise price   $ 0.17 - 0.39     $ 0.20  
Expected term     3.25 - 3.75 years       3.25 - 3.50 years  
Risk-free interest rate     0.38 %     1.35 - 2.43 %
Estimated volatility     300.069 %     492.64 - 520.24 %
Expected dividend     -       -  
Option price at valuation date   $ 0.12 - 0.31     $ 0.19  

The following assumptions were used in the Black-Scholes option-pricing model:

 

     

Year Ended

December 31, 2019

 
Exercise price   $ 0.17 - $0.27  
Expected term     3.25 to 3.75 years  
Risk-free interest rate     1.35% - 2.43%  
Estimated volatility     484.51% - 533.64%  
Expected dividend     -  
Option price at valuation date   $ 0.16 - $0.27