11. STOCK OPTION PLANS (Tables)

12 Months Ended

Dec. 31, 2020

Fair value assumptions

	2020	2019
Assumptions:
Expected life	3.24 (yrs) - 6.25 (yrs)	2.75 (yrs) - 3.5 (yrs)
Expected volatility	37% - 114.41%	77.74% - 87.40%
Risk-free interest rate	0.19% - 1.67%	1.34% - 2.69%
Expected dividend yield	0.00%	0.00%

2019 Stock Option Plan

Plan activity

	Number of shares			Weighted average exercise price		Weighted Average Remaining Contractual Life
Outstanding as of January 1, 2019		––		$	––		––
Granted		820,000			0.83
Exercised		––			––
Outstanding as of December 31, 2019		820,000		$	0.83		2.68
Granted		277,037			2.02
Assumed with Minim Merger		1,432,018			0.61
Exercised		(276,856	)		0.82
Expired/Forfeited		(205,000	)		0.84
Outstanding as of December 31, 2020		2,047,199		$	0.84		3.51
Options exercisable at December 31, 2020		682,770		$	0.67		2.79

2019 Stock Option Plan | Directors Plan

Plan activity

	Number of shares			Weighted average exercise price		Weighted Average Remaining Contractual Life
Outstanding as of January 1, 2019		––		$	––		––
Granted		45,000			0.97
Exercised		––			––
Outstanding as of December 31, 2019		45,000		$	0.97		2.50
Granted		297,963			2.26
Assumed with Minim Merger		225,981			0.62
Exercised		(56,500	)		1.51
Expired/Forfeited		(15,000	)		1.06
Outstanding as of December 31, 2020		487,354		$	1.52		3.27
Options exercisable at December 31, 2020		282,124		$	0.9958		2.32

2009 Stock Option Plan

Plan activity

	Number of shares			Weighted average exercise price		Weighted Average Remaining Contractual Life
Outstanding as of January 1, 2019		1,569,603			1.41		2.13
Granted		90,000			0.95
Exercised		(199,792	)		0.24
Expired/Forfeited		(150,000	)		---
Outstanding as of December 31, 2019		1,309,811			1.45		1.28
Granted		––			––
Exercised		(655,001	)		1.01
Expired/Forfeited		(236,200	)		1.50
Outstanding as of December 31, 2020		418,610		$	2.06		0.58
Options exercisable at December 31, 2020		418,610		$	2.06		0.58

2009 Stock Option Plan | Directors Plan

Plan activity

	Number of shares			Weighted average exercise price		Weighted Average Remaining Contractual Life
Outstanding as of January 1, 2019		342,500			1.71		2.52
Granted		97,500			1.09
Exercised		(60,000	)		0.23
Expired/Forfeited		(80,000	)
Outstanding as of December 31, 2019		300,000			1.63		2.00
Granted		––			––
Exercised		(135,000	)		1.44
Expired/Forfeited		(30,000	)		0.88
Outstanding as of December 31, 2020		135,000		$	1.98		0.82
Options exercisable at December 31, 2020		135,000		$	1.98		0.82