Stock Option Plan and Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Summary of fair value of stock awards granted

	Number of Shares		Fair Value per Share		Weighted Average Market Value per Share
Shares Issued as of December 31, 2019		471,000	$	0.27 - 1.49	$	0.77
Shares Issued		656,000		0.14 – 0.44		0.22
Shares Issued as of March 31, 2020		1,127,000	$	0.14 - 1.49	$	0.57

Summary of stock options granted valuation assumptions

	2020
Risk-free interest rate		1.32 – 1.69	%
Expected dividend yield		0	%
Volatility factor (weekly)		126.37	%
Expected life of option		3 years

Summary of stock option activity

	Number of Options		Exercise Price per Share		Weighted Average Exercise Price per Share
Outstanding as of December 31, 2019		341,000	$	0.61 - 1.21	$	0.96
Granted		48,000		0.15 - 0.31		0.16
Exercised		-		-		-
Options forfeited/cancelled		-		-		-
Outstanding as of March 31, 2020		389,000	$	0.15 - 1.21	$	0.76

Summary of stock options vested or expected to vest

				Options Outstanding								Exercisable Options
Exercise Price		Number of Options		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value		Number of Options		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
$	0.15		45,000	$	0.15		2.84	$	-		45,000	$	0.15		2.84	$	-
	0.31		3,000		0.31		2.75		-		3,000		0.31		2.75		-
	0.61		45,000		0.61		2.59		-		45,000		0.61		2.59		-
	0.73		3,000		0.73		2.50		-		3,000		0.73		2.50		-
	0.95		200,000		0.95		2.45		-		200,000		0.95		2.45		-
	1.09		3,000		1.09		2.25		-		3,000		1.09		2.25		-
	1.10		45,000		1.10		2.33		-		45,000		1.10		2.33		-
	1.21		45,000		1.21		2.08		-		45,000		1.21		2.08		-
$	0.15-1.21		389,000	$	0.86		2.46	$	-		389,000	$	0.86		2.46	$	-

Summary of non-vested stock options

	Number of Options		Weighted- Average Grant-Date Fair Value
Non-vested as of December 31, 2019		-	$	-
Granted		48,000		0.16
Forfeited		-		-
Vested		48,000		0.16
Non-vested as of March 31, 2020		-	$	-