Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS (Tables)

v3.22.1
STOCK OPTIONS (Tables)
 3 Months Ended
Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK OPTION ACTIVITY

A summary of option activity for the three months ended March 31, 2022 is presented below.

 

                Weighted-        
          Weighted-     Average        
          Average     Remaining     Aggregate  
          Exercise     Contractual     Intrinsic  
    Options     Price     Life (Years)     Value  
                         
Outstanding at January 1, 2022     5,404,223     $ 1.72       2.24     $ 107  
Granted     1,983,555       1.25       -       -  
Forfeited     (1,177,405 )     1.54       -       -  
Exercised     (332,730 )     1.13       -       -  
Outstanding at March 31, 2022     5,877,643     $ 1.64       2.29       $    
                                 
Vested March 31, 2022     2,993,429     $ 1.86             $ -  
                                 
Exercisable at March 31, 2022     1,982,249     $ 2.08             $ -  
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,  
    2022     2021  
Risk-free interest rate       1.24% - 2.10 %         0.10% - 0.36 %
Average expected term       5 years           5 years  
Expected volatility     149.53 %     240.03 %
Expected dividend yield     -       -