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Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 2020
Shareholders' Equity  
Schedule of Share-based Compensation, Stock Options, Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

average

 

 

 

 

 

 

 

Weighted

 

Weighted

 

remaining

 

 

 

 

 

 

 

average

 

average

 

contractual

 

Aggregate

 

 

Number

 

exercise

 

grant date

 

term

 

intrinsic

 

    

of shares

    

price

    

fair value

    

(in years)

    

value

Options outstanding as of January 1, 2020

 

94,349,035

 

$

0.10

 

 

 

 

7.6

 

$

 —

Changes during the period:

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

18,800,000

 

 

0.02

 

 

0.02

 

 

 

 

 

Forfeited

 

(500,000)

 

 

0.04

 

 

0.03

 

 

 

 

 

Options outstanding at June 30, 2020

 

112,649,035

 

$

0.09

 

 

 

 

7.6

 

$

110,405

Exercisable options at June 30, 2020

 

68,036,535

 

$

0.13

 

 

 

 

6.8

 

$

42,305

 

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

 

 

 

 

 

 

 

    

June 30, 2020

    

June 30, 2019

 

Expected dividend yield

 

 0

%  

 0

%

Expected volatility

 

83.95-86.60

%  

 75.40

%

Risk-free interest

 

0.29-0.49

%  

 1.76

%

Expected life in years

 

5.50-6.25

 

 5.50

 

 

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

    

 

    

 

    

Remaining

    

 

 

 

 

 

Weighted

 

 

 

 

 

contractual

 

 

 

 

 

 

average

 

Weighted

 

 

 

life (years

 

Weighted

Exercise

 

 

 

remaining

 

average

 

 

 

for

 

average

price

 

Options

 

contractual

 

exercise

 

Options

 

exercisable

 

exercise

(range) ($)

 

outstanding

 

life (years)

 

price ($)

 

exercisable

 

options)

 

price ($)

0.02-0.05

 

77,600,000

  

8.53

  

0.02

  

33,175,000

  

8.08

  

0.03

0.12-0.19

 

18,334,629

  

5.81

  

0.15

  

18,147,129

  

5.80

  

0.16

0.32

 

16,714,406

  

5.23

  

0.32

  

16,714,406

  

5.23

  

0.32

 

 

112,649,035

  

 

  

 

  

68,036,535

  

 

  

 

 

Schedule of Stockholders' Equity Note, Warrants or Rights

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Balance

    

Warrants

    

Warrants

    

Balance

 

 

Exercise

 

December 31,

 

Issued 

 

Exercised

 

June 30,

Description

 

Price

 

2019

 

in 2020

 

in 2020

 

2020

July 2019 Investor Warrants

 

$

3.00

 

1,184,213

 

 —

 

 —

 

1,184,213

July 2019 Placement Agent Warrants

 

$

2.85

 

177,629

 

 —

 

 —

 

177,629

February 2020 Investor Warrants

 

$

2.20

 

 —

 

2,810,136

 

(12,500)

 

2,797,636

February 2020 Placement Agent Warrants

 

$

2.55

 

 —

 

449,623

 

 —

 

449,623

 

 

 

  

 

1,361,842

 

3,259,759

 

(12,500)

 

4,609,101