Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.20.1
Stock Options (Tables)
 3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of option activity for the three months ended March 31, 2020 is presented below.

 

                Weighted-        
          Weighted-     Average        
          Average     Remaining     Aggregate  
          Exercise     Contractual     Intrinsic  
    Options     Price     Life (Years)     Value  
                         
Outstanding at December 31, 2019     4,233,722     $ 1.75       2.54     $ 995,000  
Granted     185,887       1.39       -       -  
Forfeited     (2,501 )     1.36       -       -  
Exercised     -       -       -       -  
Outstanding at March 31, 2020     4,417,108     $ 1.72       2.54     $ 143,000  
                                 
Vested March 31, 2020     1,820,725     $ 1.75             $ 28,000  
                                 
Exercisable at March 31, 2020     1,337,946     $ 2.19             $ 26,000  

Schedule of Fair Value Assumptions Using Black-Scholes Method

The fair value of share option award is estimated using the Black-Scholes option pricing method based on the following weighted-average assumptions:

 

    Three Months Ended March 31,  
    2020     2019  
Risk-free interest rate     0.39 %     2.75 %
Average expected term     5 years       5 years  
Expected volatility     270.1 %     201.3 %
Expected dividend yield     -       -