Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Assumptions Used in Black-Scholes Model to Options Issued

The Company values stock options using the Black-Scholes option pricing model. Assumptions used in the Black-Scholes model to value options issued during the years ended December 31, 2020 and 2019 are as follows:

 

    Year Ended     Year Ended  
   

December 31,

2020

   

December 31,

2019

 
             
Expected life in years     3.0, 4.0 and 5.0       1.0, 2.0 and 5.0  
Stock price volatility     255%-271 %     180%-414 %
Risk free interest rate     0.17-0.39 %     1.51-2.75 %
Expected dividends     0 %     0 %
Forfeiture rate     21.2 – 21.3 %     22.48 %