Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.20.2
Stock Options (Tables)
 6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of option activity for the six months ended June 30, 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     346,637       1.39       -       -  
Forfeited     (70,000 )     1.36       -       -  
Exercised     -       -       -       -  
Outstanding at June 30, 2020     4,510,358     $ 1.71       2.54     $ 2,000  
                                 
Vested June 30, 2020     2,175,383     $ 2.33             $ -  
                                 
Exercisable at June 30, 2020     1,447,626     $ 2.16             $ -  
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:

 

    Six Months Ended June 30,  
    2020     2019  
Risk-free interest rate     0.29% - 0.39 %     1.91% - 2.75 %
Average expected term     5 years       5 years  
Expected volatility     270.10 - 270.41 %     201.30 - 241.77 %
Expected dividend yield     -       -