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COMMON STOCK (Tables)
3 Months Ended
Mar. 31, 2022
COMMON STOCK (Tables)  
Summary Of Stock Option Activity

2022 Options Outstanding

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

 

Weighted

Average

Remaining

Contractual

Term in

Years

 

 

Aggregate

Intrinsic

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance Outstanding - January 1, 2022

 

 

32,275,000

 

 

$0.12

 

 

 

9.8

 

 

$-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

300,000

 

 

$0.11

 

 

 

9.8

 

 

 

 

 

Exercised

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

Forfeited

 

 

-

 

 

$-

 

 

 

 

 

 

 

 

 

Balance Outstanding - March 31, 2022

 

 

32,575,000

 

 

$0.12

 

 

 

9.5

 

 

$-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable - March 31, 2022

 

 

1,395,000

 

 

$0.24

 

 

 

6.4

 

 

$-

 

2022 Nonvested Options

 

Number of

Options

 

 

Weighted

Average

Grant

Date

Fair Value

 

 

Weighted

Average

Remaining

Years to

Vest

 

 

 

 

 

 

 

 

 

 

 

Nonvested - January 1, 2022

 

 

30,880,000

 

 

$9.9

 

 

 

2.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

300,000

 

 

$9.8

 

 

 

2.7

 

Vested

 

 

 

 

 

$-

 

 

 

 

 

Forfeited/expired

 

 

-

 

 

 

 

 

 

 

 

 

Nonvested - March 31, 2022

 

 

31,180,000

 

 

$9.6

 

 

 

2.6

 

2022 Warrants Outstanding

 

Number of

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term in

Years

 

 

Aggregate

Intrinsic

Value

 

Outstanding – December 31, 2021

 

 

10,600,000

 

 

$0.23

 

 

 

4.40

 

 

$715,223

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited/expired

 

 

-

 

 

$-

 

 

 

 

 

 

 

 

 

Outstanding – March 31, 2022

 

 

10,600,000

 

 

$0.23

 

 

 

4.10

 

 

$715,223

 

Schedule Of Share Issuable Warrants

Type

 

Issue Date

 

Shares

 

 

Exercise

Price

 

 

Expiration

 

Investors

 

4/19/2021

 

 

1,300,000

 

 

$

0.20

 

 

4/19/2026

 

Investors

 

4/19/2021

 

 

1,300,000

 

 

$

0.25

 

 

4/19/2026

 

Investors

 

4/22/2021

 

 

1,300,000

 

 

$

0.20

 

 

4/22/2026

 

Investors

 

4/22/2021

 

 

1,300,000

 

 

$

0.25

 

 

4/22/2026

 

Investors

 

4/30/2021

 

 

650,000

 

 

$

0.20

 

 

4/30/2026

 

Investors

 

4/30/2021

 

 

650,000

 

 

$

0.25

 

 

4/30/2026

 

Investors

 

5/4/2021

 

 

650,000

 

 

$

0.20

 

 

5/4/2026

 

Investors

 

5/4/2021

 

 

650,000

 

 

$

0.25

 

 

5/4/2026

 

Investors

 

5/19/2021

 

 

650,000

 

 

$

0.20

 

 

5/19/2026

 

Investors

 

5/19/2021

 

 

650,000

 

 

$

0.25

 

 

5/16/2026

 

Investors

 

8/31/2021

 

 

1,500,000

 

 

$

0.25

 

 

8/31/2026

 

Total

 

 

 

 

10,600,000