Annual report pursuant to Section 13 and 15(d)

Stockholders' Deficit (Tables)

v3.21.1
Stockholders' Deficit (Tables)
12 Months Ended
Dec. 31, 2020
Disclosure Stockholders Deficit Tables Abstract  
Summarizes the Stock Option Activity

The following table summarizes the stock option activity for the years ended December 31, 2020 and 2019:

 

    Shares  

Weighted-Average

Exercise Price

 

Weighted Average

Remaining

Contractual Term

 

Aggregate

Intrinsic Value

Outstanding at December 31, 2019     16,666,667     $ 0.30       7.76     $ 15,400,000  
Granted     —                            
Forfeitures or expirations     —                            
Outstanding at December 31, 2020     16,666,667     $ 0.30       6.76     $ 15,296,667  
Granted     —                            
Forfeitures or expirations     (16,666,667 )     0.30                  
Outstanding at December 31, 2020     0 (1)   $ —         —         —    
Exercisable at December 31, 2020     0 (1)   $ —         —       $ —    
Schedule of Options by Excerise Price Range

The following table presents information related to stock options at December 31, 2020(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, 2020:

 

    Shares  

Weighted-Average

Exercise Price

 

Weighted Average

Remaining

Contractual Term

 

Aggregate

Intrinsic Value

Outstanding at December 31, 2018     1,847,447     $ 1.98                  
Granted     2,370,298       1.78                  
Exercised     (192,521 )     1.80                  
Forfeitures or expirations     (14,113,000 )   $ 1.98                  
Outstanding at December 31, 2019     4,011,111       2.15                  
Granted     6,980,769       0.01                  
Exercised     (192,521 )     1.78                  
Increase due to reset provision     322,906,286       0.0004                  
Exercised     (40,843,463 )     0.0027                  
Forfeitures or expirations     —                            
Outstanding at December 31, 2020     293,054,702     $ 0.0011       2.2     $ 1,023,306  
Exercisable at December 31, 2020     293,054,702     $ 0.0011       2.27     $ 1,023,306