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