| Schedule of Share-based Compensation, Stock Options, Activity |
A
summary of stock option activity is as follows:
| |
|
|
| |
Year
Ended |
Year
Ended |
| |
December
31, 2019 |
December
31, 2018 |
| |
|
Weighted
Average |
|
Weighted
Average |
| |
Number
of Options |
Exercise
Price |
Number
of
Options |
Exercise
Price |
| Outstanding, beginning of
period |
5,014,851,500 |
$ |
0.002 |
4,963,851,500 |
$ |
0.002 |
| Granted |
254,050,000 |
$ |
0.028 |
52,500,000 |
$ |
0.015 |
| Exercised |
(26,000,000) |
$ |
(0.003) |
- |
$ |
- |
| Cancelled |
(6,500,000) |
$ |
(0.015) |
(1,500,000) |
$ |
(0.015) |
| Outstanding,
end of period |
5,236,401,500 |
$ |
0.003 |
5,014,851,500 |
$ |
0.002 |
| |
|
|
|
|
|
|
| Exercisable,
end of period |
5,154,901,500 |
$ |
0.003 |
4,987,851,500 |
$ |
0.002 |
|
| Schedule of Options Outstanding |
The
options outstanding at December 31, 2019 and 2018 were as follows:
| |
|
December
31, 2019 |
|
December
31, 2018 |
| Expiry
Date |
|
Options |
Exercise
Price |
Intrinsic
Value |
|
Options |
Exercise
Price |
Intrinsic
Value |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| April 18, 2019 |
|
- |
$ |
|
$ |
- |
|
200,000 |
$ |
0.030 |
$ |
0.005 |
| May 21, 2019 |
|
- |
$ |
|
$ |
- |
|
500,000 |
$ |
0.015 |
$ |
0.020 |
| July 25, 2019 |
|
- |
$ |
|
$ |
- |
|
1,000,000 |
$ |
0.015 |
$ |
0.020 |
| August 1, 2019 |
|
- |
$ |
|
$ |
- |
|
1,250,000 |
$ |
0.015 |
$ |
0.020 |
| January 30, 2020 |
|
- |
$ |
|
$ |
- |
|
2,400,000 |
$ |
0.015 |
$ |
0.020 |
| May 29, 2020 |
|
- |
$ |
|
$ |
- |
|
560,000,200 |
$ |
0.002 |
$ |
0.033 |
| May 30, 2020 |
|
10,000,000 |
$ |
0.035 |
$ |
- |
|
- |
$ |
- |
$ |
- |
| July 1, 2021 |
|
4,365,001,300 |
$ |
0.002 |
$ |
0.015 |
|
4,390,001,300 |
$ |
0.002 |
$ |
0.033 |
| November 27, 2022 |
|
7,200,000 |
$ |
0.015 |
$ |
0.002 |
|
7,200,000 |
$ |
0.015 |
$ |
0.020 |
| January 31, 2023 |
|
40,500,000 |
$ |
0.015 |
$ |
0.002 |
|
47,000,000 |
$ |
0.015 |
$ |
0.020 |
| June 13, 2023 |
|
5,000,000 |
$ |
0.015 |
$ |
0.002 |
|
5,000,000 |
$ |
0.015 |
$ |
0.020 |
| October 1, 2023 |
|
300,000 |
$ |
0.050 |
$ |
- |
|
300,000 |
$ |
0.050 |
$ |
- |
| February 3, 2024 |
|
10,000,000 |
$ |
0.035 |
$ |
- |
|
- |
$ |
- |
$ |
- |
| March 14, 2024 |
|
9,150,000 |
$ |
0.035 |
$ |
- |
|
- |
$ |
- |
$ |
- |
| April 12, 2024 |
|
560,000,200 |
$ |
0.002 |
$ |
0.015 |
|
- |
$ |
- |
$ |
- |
| April 12, 2024 |
|
4,150,000 |
$ |
0.015 |
$ |
0.002 |
|
- |
$ |
- |
$ |
- |
| April 12, 2024 |
|
200,000 |
$ |
0.030 |
$ |
- |
|
- |
$ |
- |
$ |
- |
| May 6, 2024 |
|
13,000,000 |
$ |
0.035 |
$ |
- |
|
- |
$ |
- |
$ |
- |
| May 17, 2024 |
|
40,000,000 |
$ |
0.050 |
$ |
- |
|
- |
$ |
- |
$ |
- |
| May 17, 2024 |
|
27,900,000 |
$ |
0.035 |
$ |
- |
|
- |
$ |
- |
$ |
- |
| June 17, 2024 |
|
5,000,000 |
$ |
0.050 |
$ |
- |
|
- |
$ |
- |
$ |
- |
| June 17, 2024 |
|
5,000,000 |
$ |
0.035 |
$ |
- |
|
- |
$ |
- |
$ |
- |
| August 16, 2024 |
|
2,500,000 |
$ |
0.050 |
$ |
- |
|
- |
$ |
- |
$ |
- |
| September 6, 2024 |
|
1,000,000 |
$ |
0.050 |
$ |
- |
|
- |
$ |
- |
$ |
- |
| September 17, 2024 |
|
5,000,000 |
$ |
0.035 |
$ |
- |
|
- |
$ |
- |
$ |
- |
| October 3, 2024 |
|
3,500,000 |
$ |
0.035 |
$ |
- |
|
- |
$ |
- |
$ |
- |
| October 24, 2024 |
|
2,000,000 |
$ |
0.035 |
$ |
- |
|
- |
$ |
- |
$ |
- |
| December
11, 2024 |
|
120,000,000 |
$ |
0.015 |
$ |
0.002 |
|
- |
$ |
- |
$ |
- |
| Total |
|
5,236,401,500 |
$ |
0.003 |
$ |
0.014 |
|
5,014,851,500 |
$ |
0.002 |
$ |
0.033 |
Weighted
Average Remaining
Contractual Life |
|
1.96 |
|
|
|
|
|
2.40 |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
The
fair value of the stock options granted and vested was allocated as follows:
| | |
| |
|
| | |
December 31, 2019 | |
December 31,
2018 |
| | |
| |
|
| Product development expense | |
$ | 1,243,644 | | |
$ | 186,476 | |
| Professional expense | |
| 392,677 | | |
| 401,151 | |
| Selling, general and administrative expenses | |
| 1,244,636 | | |
| 993,716 | |
| Interest | |
| 3,243,812 | | |
| — | |
| | |
| | | |
| | |
| | |
$ | 6,124,769 | | |
$ | 1,581,343 | |
|