v3.20.2
Additional paid in capital (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Dec. 31, 2018
Stockholders' Equity Note [Abstract]      
Schedule of Share-based Compensation, Stock Options, Activity

 

     
  Six Months Ended Year Ended
  June 30, 2020 December 31, 2019
    Weighted Average   Weighted Average
  Number of Options

Exercise

Price

Number of

Options

Exercise

Price

Outstanding, beginning of period 5,236,401,500 $ 0.003 5,014,851,500 $ 0.002
Granted 30,500,000 $ 0.035 254,050,000 $ 0.028
Exercised - $ - (26,000,000) $ (0.003)
Cancelled / Expired (13,500,000) $ (0.034) (6,500,000) $ (0.015)
Outstanding, end of period 5,253,401,500 $ 0.004 5,236,401,500 $ 0.003
             
Exercisable, end of period 5,162,401,500 $ 0.003 5,154,901,500 $ 0.003

 

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

 

     
  Year Ended Year Ended
  December 31, 2018 December 31, 2017
    Weighted Average   Weighted Average
  Number of Options

Exercise

Price

Number of

Options

Exercise

Price

Outstanding, beginning of period 4,963,851,500 $ 0.002 4,962,301,500 $ 0.013
Granted 52,500,000 $ 0.015 6,500,000 $ 0.002
Cancelled (1,500,000) $ 0.015 (4,950,000) $ (0.061)
Outstanding, end of period 5,014,851,500 $ 0.002 4,963,851,500 $ 0.002
             
Exercisable, end of period 4,987,851,500 $ 0.002 4,958,201,500 $ 0.002
Schedule of Options Outstanding

 

    June 30, 2020   December 31, 2019
Expiry Date   Options Exercise Price Intrinsic Value   Options Exercise Price Intrinsic Value
                         
May 30, 2020   - $ - $ -   10,000,000 $ 0.035 $ -
July 1, 2021   4,365,001,300 $ 0.002 $ 0.037   4,365,001,300 $ 0.002 $ 0.015
November 27, 2022   6,950,000 $ 0.015 $ 0.024   7,200,000 $ 0.015 $ 0.002
January 31, 2023   40,500,000 $ 0.015 $ 0.024   40,500,000 $ 0.015 $ 0.002
June 13, 2023   5,000,000 $ 0.015 $ 0.024   5,000,000 $ 0.015 $ 0.002
October 1, 2023   300,000 $ 0.050 $ -   300,000 $ 0.050 $ -
February 3, 2024   10,000,000 $ 0.035 $ 0.004   10,000,000 $ 0.035 $ -
March 14, 2024   9,150,000 $ 0.035 $ 0.004   9,150,000 $ 0.035 $ -
April 12, 2024   560,000,200 $ 0.002 $ 0.037   560,000,200 $ 0.002 $ 0.015
April 12, 2024   3,900,000 $ 0.015 $ 0.024   4,150,000 $ 0.015 $ 0.002
April 12, 2024   200,000 $ 0.030 $ 0.009   200,000 $ 0.030 $ -
May 6, 2024   13,000,000 $ 0.035 $ 0.004   13,000,000 $ 0.035 $ -
May 17, 2024   40,000,000 $ 0.050 $ -   40,000,000 $ 0.050 $ -
May 17, 2024   25,400,000 $ 0.035 $ 0.004   27,900,000 $ 0.035 $ -
June 17, 2024   5,000,000 $ 0.050 $ -   5,000,000 $ 0.050 $ -
June 17, 2024   5,000,000 $ 0.035 $ 0.004   5,000,000 $ 0.035 $ -
August 16, 2024   2,500,000 $ 0.050 $ -   2,500,000 $ 0.050 $ -
September 6, 2024   1,000,000 $ 0.050 $ -   1,000,000 $ 0.050 $ -
September 17, 2024   5,000,000 $ 0.035 $ 0.004   5,000,000 $ 0.035 $ -
October 3, 2024   3,500,000 $ 0.035 $ 0.004   3,500,000 $ 0.035 $ -
October 24, 2024   2,000,000 $ 0.035 $ 0.004   2,000,000 $ 0.035 $ -
December 11, 2024   120,000,000 $ 0.015 $ 0.024   120,000,000 $ 0.015 $ 0.002
April 1, 2025   10,000,000 $ 0.035 $ 0.004   - $ - $ -
May 31, 2025   20,000,000 $ 0.035 $ 0.004   - $ - $ -
Total   5,253,401,500 $ 0.004 $ 0.036   5,236,401,500 $ 0.003 $ 0.014

Weighted Average Remaining

Contractual Life

  1.48           1.96      
                                   

 

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      
                                               

 

    December 31, 2018   December 31, 2017
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   500,000 $ 0.030 $ 0.01
July 25, 2019   1,000,000 $ 0.015 $ 0.020   1,000,000 $ 0.015 $ 0.025
August 1, 2019   1,250,000 $ 0.015 $ 0.020   1,250,000 $ 0.015 $ 0.025
January 30, 2020   2,400,000 $ 0.015 $ 0.020   2,400,000 $ 0.015 $ 0.025
May 29, 2020   560,000,200 $ 0.002 $ 0.033   560,000,200 $ 0.002 $ 0.038
July 1, 2021   4,390,001,300 $ 0.002 $ 0.033   4,390,001,300 $ 0.002 $ 0.038
November 27, 2022   7,200,000 $ 0.015 $ 0.020   8,700,000 $ 0.015 $ 0.025
January 31, 2023   47,000,000 $ 0.015 $ 0.020   - $ - $ -
June 13, 2023   5,000,000 $ 0.015 $ 0.020   - $ - $ -
October 1, 2023   300,000 $ 0.050 $ -   - $ - $ -
Total   5,014,851,500 $ 0.002 $ 0.033   4,963,851,500 $ 0.002 $ 0.038

Weighted Average Remaining

Contractual Life

  2.40           3.38    

 

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

 

   June 30,
2020
  December 31,
2019
       
Risk-free interest rate   0.38%   1.84%
Expected life   4.9 Years    5 years 
Expected dividends   0%   0%
Expected volatility   320%   306%
Forfeiture rate   0    0%

 

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 

 

         
    December 31, 2018  

December 31,

2017

           
Product development expense $ 186,476 $ 66,800
Professional expense   401,151   52,492
Selling, general and administration expenses:   993,716   80,938
         
    $ 1,581,343 $ 200,230
Schedule of Fair Value of Stock Options Granted-Allocation

   Three Months
Ended
June 30, 2020
  Three Months
Ended
June 30, 2019
  Six Months
Ended
June 30, 2020
  Six Months
Ended
June 30, 2019
             
Interest expense  $—     $1,085,371   $—     $1,085,371 
Product development   18,725    1,047,981    18,804    1,048,318 
Professional   391,843    193,485    391,843    392,677 
General, selling and administration   —      541,209    —      805,865 
                     
   $410,568   $2,868,046   $410,647   $3,332,231 

 

   
Schedule Of Stock Based Compensation Expense  

 

       
   December 31,
2019
  December 31,
2018
       
Risk-free interest rate   1.84%   2.52%
Expected life   5 years    5 years 
Expected dividends   0%   0%
Expected volatility   306%   309%
Forfeiture rate   0%   0%

 

 

December 31,

2018

 

December 31,

2017

       
Risk-free interest rate 2.52%   2.34%
Expected life 5 years   5 years
Expected dividends 0%   0%
Expected volatility 309%   330%
Forfeiture rate 0%   0%