Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS (Tables)

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

A summary of option activity for the nine months ended September 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     2,150,833       1.69       -  
Forfeited     (2,078,473 )     2.52       -  
Exercised     (575,730 )     1.28       -  
Outstanding at September 30, 2021     5,528,405     $ 1.70       2.26  
                         
Vested September 30, 2021     2,685,732     $ 2.22          
                         
Exercisable at September 30, 2021     2,013,888     $ 2.01          
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:

 

   

Nine Months Ended

September 30,

 
    2021     2020  
Risk-free interest rate     0.10% - 0.92 %     0.17% - 0.39 %
Average expected term     5 years       1 to 5 years  
Expected volatility     232.84 -240.03 %     270.10 - 270.57 %
Expected dividend yield     -       -