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Stockholders’ Equity (Tables)
9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Schedule of Equity Compensation Plan Information

Equity Compensation Plan Information as of September 30, 2023:

 

Schedule of Equity Compensation Plan Information

   Number of securities
to be issued upon exercise of outstanding options, warrants and
rights (a)
   Weighted – average exercise price of outstanding options,
warrants and rights (b)
   Number of securities remaining available for future issuances under equity
compensation plans (excluding securities reflected in column (a) (c)
 
Equity Compensation Plans Approved by Security Holders   3,319,118   $0.0401    21,680,882 
Equity Compensation Plans Not Approved by Security Holders   105,971,520    0.0258     
Total   109,290,638   $0.0262    21,680,882 
Schedule of Valuation Assumptions of Options

The Company uses the Black-Scholes option-pricing model to estimate the fair value of its stock option awards and warrant issuances. The calculation of the fair value of the awards using the Black-Scholes option-pricing model is affected by the Company’s stock price on the date of grant as well as assumptions regarding the following:

 

Schedule of Valuation Assumptions of Options

   Nine Months ended September 30, 
   2023   2022 
Expected volatility   172.0% - 346.4%   172.0346.4%
Expected term   1.505.0 Years    1.55.0 Years 
Risk-free interest rate   0.16% - 4.64%   0.16% - 2.10%
Forfeiture rate   0.17%   0.03%
Schedule of Outstanding Stock Option Activity

A summary of the status of the Company’s outstanding stock options as of September 30, 2023 and December 31, 2022 and changes during the periods ending on such dates is as follows:

 

Schedule of Outstanding Stock Option Activity

   Number of  

Weighted

Average

Exercise

  

Weighted

Average

Remaining

Contractual

  

Aggregate

Intrinsic

 
   Options   Price   Life in Years   Value 
Outstanding at December 31, 2021   233,128,266   $0.0362    2.23      
Granted   5,710,901    0.0281           
Forfeited   (400,000)   0.0354           
Exercised   -    -           
Cancelled   -    -           
Outstanding – December 31, 2022   238,439,167   $0.0360    1.43      
Exercisable – December 31, 2022   111,558,754   $0.0321    1.33   $68,994 
                     
Granted   -    -           
Forfeited   (129,148,529)   0.0443           
Exercised   -    -           
Cancelled   -    -           
Outstanding – September 30, 2023   109,290,638   $0.0262    1.99      
Exercisable – September 30, 2023   57,877,504   $0.0217    1.54   $36,983 
Summary of Exercise Price of Employee Stock Options Outstanding

The following table summarizes information about employee stock options outstanding at September 30, 2023.

 

Summary of Exercise Price of Employee Stock Options Outstanding

Range of Exercise Price 

Number

outstanding

at September 30,

2023

  

Weighted

average

remaining

life

  

Weighted

average

exercise

price

  

Number

exercisable

at September 30,

2023

  

Weighted

average

exercise

price

  

Weighted

average

remaining

life

 
$ 0.0180 - $0.0225   70,730,020    1.47   $0.0182    45,730,020   $0.0181    1.12 
$ 0.0229 - $0.0325   5,018,254    3.79   $0.0267    4,993,254   $0.0267    3.79 
$ 0.0360 - $0.0425   25,457,364    2.82   $0.0398    6,179,230   $0.0395    2.76 
$ 0.0440 - $0.0531   8,085,000    2.81   $0.0529    975,000   $0.0520    1.96 
  Outstanding options   109,290,638    1.99    0.0262    57,877,504    0.0217    1.54 
Schedule of Warrant Activity

A summary of the Company’s warrants as of December 31, 2022 and changes during the nine months ended September 30, 2023 is presented below:

 

Schedule of Warrant Activity

  

Number of

Warrants

  

Weighted

Average

Exercise Price

  

Weighted

Average

Remaining

Contractual Life

in Years

  

Aggregate

Intrinsic Value

 
                 
Outstanding – December 31, 2022   18,255,951   $0.0245    1.55   $12,000 
Granted   11,428,570   $0.0175           
Exercised   -                
Forfeited or Expired   4,000,000-                
Outstanding – September 30, 2023   25,684,521   $0.0247    1.18      
Exercisable – September 30, 2023   25,684,521   $0.0247    1.18   $24,000