12. Stock options

The activity in the Company's outstanding stock options for the years ended December 31, 2022 and 2021 is as follows:

	Number of options			Weighted Average Exercise Price	Weighted Average Remaining Term (years)
Balance December 31, 2021 and 2020	8,133,013			-	-
Assumed in reverse acquisition	1,300,000		$	0.10	0.02
Exercise	(8,133,013	)		-
Expired	-			-
Forfeited	(200,000	)		-
Balance December 31, 2022	1,100,000		$	0.10	0.02

At the December 31, 2022, outstanding options expire in January 2023 and have intrinsic value of $99,000.