Annual report pursuant to Section 13 and 15(d)

Stockholders' Deficit (Tables)

v3.20.1
Stockholders' Deficit (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Stockholders Deficit Tables Abstract  
Summarizes the Stock Option Activity

The following table summarizes the stock option activity for the years ended December 31, 2019 and 2018:

 

    Shares    

Weighted-Average

Exercise Price

   

Weighted Average

Remaining

Contractual Term

   

Aggregate

Intrinsic Value

Outstanding at December 31, 2017     16,666,667     $ 0.30       7.76   $ 15,400,000
Granted     -                      
Forfeitures or expirations     -                      
Outstanding at December 31, 2018     16,666,667     $ 0.30       6.76   $   15,296,667
Granted     -                        
Forfeitures or expirations     (16,666,667)       0.30                 
Outstanding at December 31, 2019     0(1)     $ -       -       -
Exercisable at December 31, 2019     0(1)     $ -       -     $ -
Schedule of Options by Excerise Price Range

The following table presents information related to stock options at December 31, 2019(1)

 

Options Outstanding(1)     Options Exercisable  

      Exercise

     Price

   

Number of

Options

   

Weighted Average

Remaining Life

In Years

   

Exercisable

Number of

Options

 
$ -       -     -       -  
Summarizes the Stock Warrant Activity

The following table summarizes the stock warrant activity for the two years ended December 31, 2019:

 

    Shares    

Weighted-Average

Exercise Price

   

Weighted Average

Remaining

Contractual Term

   

Aggregate

Intrinsic Value

 
Outstanding at December 31, 2017     186,550     $ 2.40           $ 1,873,492  
Granted     1,827,564       2.34                
Forfeitures or expirations     (166,667 )   $ 1.50-                
Outstanding at December 31, 2018     1,847,447                          
Granted     2,370,298       1.98                  
Exercised     (192,521 )     1.78                  
Forfeitures or expirations     (14,113)       1.80                  
Outstanding at December 31, 2019     4,011,111     $ 2.15       3.60     $ -  
Exercisable at December 31, 2019     4,011,111     $ 2.15       3.60     $ -  
Schedule of Warrants by Excerise Price Range

The following table presents information related to warrants at December 31, 2019:

 

Warrants Outstanding     Warrants Exercisable  

      Exercise

     Price

   

Number of

Warrants

   

Weighted Average

Remaining Life

In Years

   

Exercisable

Number of

Warrants

 
$ 0.01 - $1.00       484,187     2.70       484,187  
$ 1.01 - $2.00       27,778     2.50       27,778  
$ 2.01 - $3.00       3,499,146     3.74       3,499,146