8. Stock Options and Warrants (Tables)

3 Months Ended

Mar. 31, 2021

Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]

Stock options outstanding

Stock option activity for the period January 1, 2021 up to March 31, 2021, was as follows:

	Options		Weighted Avg. Exercise Price
January 1, 2021		32,480,601	$	0.18
Granted		300,000		0.03
Exercised		–		–
Forfeited		–		–
March 31, 2021		32,780,601	$	0.18

Options outstanding by Per Share Price

The weighted average exercise prices, remaining contractual lives for options granted, exercisable, and expected to vest as of March 31, 2021 were as follows:

	Outstanding Options				Exercisable Options
Option Exercise Price Per Share	Shares	Life (Years)		Weighted Average Exercise Price	Shares		Weighted Average Exercise Price
$0.05 - $0.24	21,805,551	6.8	$	0.10	21,705,551	$	0.10
$0.25 - $0.49	10,353,552	2.3		0.30	10,353,552		0.30
$0.50 - $0.99	471,052	3.1		0.85	471,052		0.85
$1.00 - $2.00	150,446	2.3		1.18	150,446		1.18
	32,780,601	5.3		0.18	32,680,601		0.18

Warrants outstanding

The following table summarizes certain information about the Company’s stock purchase warrants activity for the period starting January 1, 2021 up to March 31, 2021.

	Warrants			Weighted Avg. Exercise Price
January 1, 2021		8,683,677		$	0.11
Granted		924,999			0.03
Exercised		–			–
Cancelled		(550,000	)		0.04
March 31, 2021		9,058,676		$	0.11

Warrants outstanding by Per Share Price

The weighted average exercise prices, remaining contractual lives for warrants granted, exercisable, and expected to vest as of March 31, 2021 were as follows:

	Outstanding Warrants				Exercisable Warrants
Warrant Exercise Price Per Share	Shares	Life (Years)	Weighted Average Exercise Price		Shares	Weighted Average Exercise Price
$0.02 - $0.24	6,988,676	0.6	$	0.04	6,955,343	$	0.04
$0.25 - $0.49	2,000,000	0.6		0.30	2,000,000		0.30
$0.50 - $1.00	70,000	3.1		0.80	70,000		0.80
	9,058,676	0.6		0.11	9,025,343		0.11