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STOCK OPTIONS (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK OPTION ACTIVITY

The following table presents the Company’s stock option activity for employees and directors of the Company for the year ended June 30, 2022:

 

  

Number of

Options

  

Weighted Average

Exercise Price ($)

 
Outstanding at December 31, 2021   23,628,962    0.05 
Granted   9,356,420    0.05 
Exercised   -    - 
Forfeited or expired   -    - 
Outstanding at June 30, 2022   32,985,382    0.05 
Number of options exercisable at June 30, 2022   19,798,655    0.05 
SCHEDULE OF STOCK OPTIONS OUTSTANDING

The stock options outstanding as of June 30, 2022, have been separated into exercise prices, as follows:

 

Exercise price  Stock options
outstanding
   Weighted average remaining contractual
life – years
   Stock options vested 
   As of June 30, 2022 
0.0011   46,762         46,762 
0.05   23,582,200    4.5    19,751,893 
0.05   9,356,420    4.92    - 
    32,985,382         19,798,655