v3.21.1

STOCK WARRANTS AND STOCK OPTIONS (Tables)

3 Months Ended

Mar. 31, 2021

STOCK WARRANTS AND STOCK OPTIONS

Schedule of fair value of non-employee stock/warrants

		March 31, 2021				March 31, 2020
Exercise Price		$	3.00				-
Dividend Yield			0	%			-
Volatility			158	%			-
Risk-free Interest Rate			0.14	%			-
Life of Warrants			2 Years				-

Schedule of outstanding warrants

		Warrants Outstanding Number of Shares				Exercise Price Per Share				Weighted Average Remaining Contractual Life		Weighted Average Exercise Price Per Share				Aggregate Intrinsic Value
Balance at December 31, 2019			598,414			$	0.13304 – 1.039375			3.97 Years		$	0.3607			$	1,276,870
Warrants Granted			-
Warrants Exercised			(454,097	)		$	0.13304 - 0.15299					$	0.1451
Warrants Expired			-
Balance at March 31, 2020			144,317			$	1.039375			2.70 Years		$	1.039375			$	18,000

		Warrants Outstanding Number of Shares				Exercise Price Per Share				Weighted Average Remaining Contractual Life		Weighted Average Exercise Price Per Share				Aggregate Intrinsic Value
Balance at December 31, 2020			584,317			$	0.50 – 2.00			3.80 Years		$	0.9413			$	1,173,737
Warrants Granted			550,000			$	3.00			1.96 Years		$	3.00			$	66,000
Warrants Exercised			(176,938	)		$	0.50					$	0.50
Warrants Expired			-
Balance at March 31, 2021			957,379			$	0.50 – 3.00			2.52 Years		$	2.2055			$	875,493

Schedule of fair value of stock options

		March 31, 2021				March 31, 2020
Exercise Price			-			$	0.2634
Dividend Yield			-				0	%
Expected Volatility			-				171	%
Risk-free Interest Rate			-				0.43	%
Expected Life			-				2.2 years

Schedule of outstanding options

		Options Outstanding Number of Shares				Exercise Price Per  Share				Weighted Average Remaining Contractual Life		Weighted Average Exercise Price Per Share				Aggregate Intrinsic Value
Balance at December 31, 2019			2,381,239			$	0.2634-1.039			8.86 Years		$	0.2948			$	5,238,080
Options Granted			20,144			$	0.26341			2.96 Years		$	0.2627			$	18,144
Options Exercised			-
Options Cancelled			-
Options Expired			-
Balance at March 31, 2020			2,401,383			$	0.2634 – 1.039			8.57 Years		$	0.2945			$	2,088,224
		Options Outstanding Number of Shares				Exercise Price Per Share				Weighted Average Remaining Contractual Life		Weighted Average Exercise Price Per Share				Aggregate Intrinsic Value
Balance at December 31, 2020			2,572,227			$	0.2634 – 3.300			7.45 Years		$	0.4999			$	6,302,277
Options Granted			-
Options Exercised			-
Options Cancelled			-
Options Expired			-
Balance at March 31, 2021			2,572,227			$	0.2634 – 3.300			7.21 Years		$	0.4999			$	6,739,385
Exercisable at December 31, 2020			1,253,030			$	0.2634 – 3.300			7.4 Years		$	0.3165			$	3,299,765
Exercisable at March 31, 2021			1,426,424			$	0.2634 – 3.300			7.12 Years		$	0.3488			$	3,952,883

X

- Definition

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.

+ References

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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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Tabular disclosure of the change in stock options.

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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.

+ References

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-Topic 718
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