STOCK OPTIONS (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

SCHEDULE OF STOCK OPTION ACTIVITIES

The following table summarizes the Company’s stock option activities for the year ended December 31, 2020 and the six month period ended June 30, 2021:

	Number of shares			Exercise price per share				Weighted average exercise price
Balance, December 31, 2019		635,000		$	0.75	–	1.75	$	1.35
Granted		172,000		$			2.44	$	2.44
Cancelled or expired		(13,000	)	$	2.44	–	3.46	$	2.75
Exercised		(45,000	)	$	0.75	–	1.05	$	0.88
Balance, December 31, 2020		749,000		$	0.75	–	4.13	$	2.42
Cancelled or expired		(29,799	)	$	1.42	–	3.46	$	2.45
Exercised		(55,201	)	$	0.75	–	3.46	$	1.55
Balance, June 30, 2021		664,000		$	1.42	–	4.13	$	2.49
Exercisable, June 30, 2021		423,000		$	1.42	–	4.13	$	2.63

SCHEDULE OF STOCK OPTION FAIR VALUE ASSUMPTIONS

The fair value of each option grant is calculated using the following weighted average assumptions:

	2020
Expected life – years		3.0
Interest rate		0.37	%
Volatility		70.14	%
Weighted average fair value of options granted	$	1.12