STOCK OPTIONS, RESTRICTED STOCK AND WARRANTS (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of weighted-average assumptions

The following table presents the weighted-average assumptions used to estimate the fair values of the stock options granted during the years ended December 31, 2019 and 2018:

	2019			2018
Risk Free Interest Rate		2.14	%		2.30	%
Expected Volatility		436.22	%		200.50	%
Expected Life (in years)		5.0			5.0
Dividend Yield		0	%		0	%
Weighted average estimated fair value of options during the period	$	0.25		$	0.17

Schedule of stock option activity

The following table summarizes the activities for the Company’s stock options for the year ended December 31, 2019 and 2018:

	Options Outstanding
						Weighted -
						Average
						Remaining		Aggregate
				Weighted-		Contractual		Intrinsic
	Number of			Average		Term		Value (in 000’)
	Shares			Exercise Price		(in years)		(1)
Balance as of December 31, 2017		22,013,529		$	0.11
Granted		1,600,000			0.27
Exercised		(5,000,000	)		0.07
Balance December 31, 2018		18,613,529		$	0.14
Granted		1,500,000		$	0.18
Forfeited/cancelled		(2,200,000	)	$	0.34
Balance December 31, 2019		17,913,529		$	0.12		2.9
Vested and Exercisable at December 31, 2019		16,913,529		$	0.11		2.8	$	60

(1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company’s common stock for options that were in-the-money at each respective period.  During the years ended December 31, 2019 and 2018, the aggregate intrinsic value of options exercised under the Company’s stock option plans was $59,800 and $2,113,368, respectively.

Schedule of summary for the activities of unvested stock options

The following table summarizes the activities for the Company’s unvested stock options for the year ended December 31, 2019 and 2018:

	Unvested Options
				Weighted -
				Average
	Number of			Grant
	Unvested Options			Date Exercise Price
Balance December 31, 2017		2,666,667		$	0.06
Granted		1,600,000			0.27
Vested		(2,250,001	)		0.10
Balance December 31, 2018		2,016,666		$	0.18
Granted		1,500,000			0.18
Vested		(2,516,666	)		0.17
Balance December 31, 2019		1,000,000		$	0.20

Schedule of warrant activity

The following table summarizes the activities for the Company’s warrants for the year ended December 31, 2019 and 2018: 

	Warrants Outstanding
	Number of Shares			Weighted-  Average  Exercise  Price		Weighted -  Average  Remaining  Contractual  Term  in years)		Aggregate  Intrinsic  Value  (in 000's) (1)
Balance, December 31, 2017		32,292,580		$	0.30
Issued		18,727,769			0.15
Exercised		(22,809,908	)		0.11
Expired		(1,019,608	)		0.07
Cancelled/Forfeited		(4,950,000	)		0.40
Balance, December 31, 2018		22,240,833		$	0.31
Issued		300,000			0.15
Exercised		(200,000	)		0.15
Expired		(78,226	)		0.26
Balance, December 31, 2019		22,262,608		$	0.31		2.8		-
Exercisable at December 31, 2019		22,262,608		$	0.31		2.8		-

(1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying warrants and the closing stock price of $0.0699 for our common stock on December 31, 2019.