XML 46 R35.htm IDEA: XBRL DOCUMENT v3.21.2
Stockholders’ Equity, Options, and Warrants (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
Jul. 31, 2018
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Feb. 28, 2020
Intrinsic value of outstanding and exercisable shares, per share   $ 0.14   $ 0.14      
Unrecognized compensation expense, stock options   $ 29,693   $ 29,693      
Period for recognition, stock options       1 year 11 months 23 days      
Compensation expense   $ 11,674 $ 17,009 $ 49,093 $ 68,531    
Stock options, granted       125,000      
Weighted average exercise price       $ 0.05      
Stock options, exercised       2,062,500      
Warrants outstanding   7,065,000 50,090,000 7,065,000 50,090,000    
Mandatorily redeemable convertible preferred stock, value       $ 4,913,421  
Series B Preferred Stock              
Preferred stock, shares outstanding   675   675      
Redemption date       mandatory redemption date of May 2022      
Redemption price, per share   $ 1,000   $ 1,000      
Mandatorily redeemable convertible preferred stock, value   $ 675,000   $ 675,000      
Convertible preferred stock convertible into common stock       337,500      
Conversion price per share       $ 2.00      
Number of preferred shares, converted       175      
Shares issued as a result of conversion of preferred stock   87,500   87,500      
Series C Preferred Stock              
Preferred stock, shares outstanding   4,188   4,188      
Redemption date       mandatory redemption date of February 2022      
Redemption price, per share   $ 1,000   $ 1,000      
Conversion price per share       $ 0.10      
Number of preferred shares, converted       25      
Shares issued as a result of conversion of preferred stock   250,000   250,000      
Dividends paid       $ 254,280 $ 251,280    
Common stock issued in lieu of dividend       1,398,200 3,408,000    
Value of shares issued in lieu of dividend payment       $ 207,480 $ 204,480    
Preferred stock dividend, settlement in cash       $ 46,800      
Class O Warrants              
Warrants exercised       30,000,000      
Warrants outstanding     30,000,000   30,000,000    
Exercise price of warrants     $ 0.045   $ 0.045    
Warrants, maturity date     Dec. 30, 2024   Dec. 30, 2024    
Class M Warrants              
Warrants exercised       13,025,000      
Warrants outstanding   4,140,000 17,165,000 4,140,000 17,165,000    
Exercise price of warrants   $ 0.12 $ 0.12 $ 0.12 $ 0.12    
Warrants, maturity date   Feb. 17, 2022 Feb. 17, 2022 Feb. 17, 2022 Feb. 17, 2022    
Class O and Class M Warrants              
Shares withheld to satisfy the exercise price       10,403,591      
Net shares issued       32,621,409      
Class N Warrants              
Warrants outstanding   2,925,000 2,925,000 2,925,000 2,925,000    
Exercise price of warrants   $ 0.10 $ 0.10 $ 0.10 $ 0.10    
Warrants, maturity date   May 12, 2022 May 12, 2022 May 12, 2022 May 12, 2022    
Qualified Stock Options              
Stock options, granted       125,000      
Stock options, vesting period       5 years      
Weighted average exercise price       $ 0.05      
Fair value of options       $ 3,280      
Risk free interest rate       0.46%      
Risk free interest rate       0.78%      
Expected dividend yield rate       0.00%      
Expected volatility       52.52%      
Expected volatility       55.63%      
Qualified Stock Options | Minimum              
Expected life       5 years 6 months      
Qualified Stock Options | Maximum              
Expected life       7 years 6 months      
2015 Incentive Plan, as amended              
Shares available for issuance   37,204,004   37,204,004      
Additional shares authorized 20,000,000            
2015 Incentive Plan, as amended | Chief Executive Officer              
Compensation expense       $ 14,198      
Net shares issued       118,315      
Shares issued       195,804      
Shares issued, value       $ 28,000      
Shares issued, price per share   $ 0.143   $ 0.143      
Share price             $ 0.12
Shares withheld to satisfy payroll tax liabilities       77,489      
2015 Incentive Plan, as amended | Qualified Stock Options              
Stock options, exercised       2,062,500      
Shares withheld to satisfy the exercise price       263,393      
Net shares issued       1,799,107      
Employee Stock Purchase Plan              
Shares issued during period       211,640 241,707    
Proceeds from issuance of shares during the period       $ 8,995 $ 10,273    
Shares available for issuance   2,888,271   2,888,271