Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS (Tables)

v3.21.2
STOCK OPTIONS (Tables)
 6 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK OPTION ACTIVITY

A summary of option activity for the six months ended June 30, 2021 is presented below.

 

                Weighted-  
          Weighted-     Average  
          Average     Remaining  
          Exercise     Contractual  
    Options     Price     Life (Years)  
                   
Outstanding at December 31, 2020     6,031,775     $ 1.55       2.68  
Granted     1,417,833       1.44       -  
Forfeited     (1,241,688 )     2.09       -  
Exercised     (332,730 )     1.13       -  
Outstanding at June 30, 2021     5,875,190     $ 1.60       2.21  
                         
Vested June 30, 2021     2,899,317     $ 2.12          
                         
Exercisable at June 30, 2021     1,919,456     $ 1.96          
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,  
    2021     2020  
Risk-free interest rate     0.10% - 0.92 %     0.39 %
Average expected term     5 years       5 years
Expected volatility     236.22 -240.03 %     270.1 %
Expected dividend yield     -       -