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Stock Options

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Stock Options

NOTE 4 – STOCK OPTIONS

The following table presents the Company’s stock option activity for employees and directors of the Company for the three months ended March 31, 2020:

		Number of Options				Weighted Average Exercise Price
Outstanding at December 31,2019			1,150,004				0.45
Granted			-				0.45
Exercised			-				-
Forfeited or expired			(58,333	)			0.45
Outstanding at March 31,2020			1,091,671				0.45
Number of options exercisable at March 31, 2020			625,002				-

The aggregate intrinsic value of the awards outstanding as of March 31, 2020 is US$491,252. These amounts represent the total intrinsic value, based on the Company’s stock price of US$ 0.9 as of March 31, 2020, less the weighted exercise price. This represents the potential amount received by the option holders had all option holders exercised their options as of that date.

Costs incurred in respect of stock-based compensation for employees and directors, for the three months ended March 31, 2020 and 2019 were $35,403 and $67,955, respectively

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- Definition

The entire disclosure for share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-URI http://asc.fasb.org/topic&trid=2228938

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- References

No definition available.

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