Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.21.1
Stock Options (Tables)
 3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of option activity for the three months ended March 31, 2021 is presented below.

 

                Weighted-        
          Weighted-     Average        
          Average     Remaining     Aggregate  
          Exercise     Contractual     Intrinsic  
    Options     Price     Life (Years)     Value  
                         
Outstanding at December 31, 2020     6,031,775     $ 1.55       2.68     $ 1,932,000  
Granted     664,000       1.38       -       -  
Forfeited     (564,032 )     1.87       -       -  
Exercised     (332,730 )     1.13       -       -  
Outstanding at March 31, 2021     5,799,013     $ 1.62       2.46     $ 387,000  
                                 
Vested March 31, 2021     3,304,078     $ 1.71             $ 322,000  
                                 
Exercisable at March 31, 2021     2,023,118     $ 1.94             $ 133,000  
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,  
    2021     2020  
Risk-free interest rate     0.10% - 0.36 %     0.39 %
Average expected term     5 years       5 years  
Expected volatility     240.03 %     270.1 %
Expected dividend yield     -       -