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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of warrant activity
Shares
Underlying
Warrants*
   Exercise
price per
share*
   Weighted
average
exercise
price*
 
Outstanding January 1, 2018   852,775   $2.00 to 6.25   $5.10 
Granted   -    -    - 
Forfeited/Cancelled   -    -    - 
Exercised   -    -    - 
Outstanding December 31, 2018   852,775   $2.00 to 6.25   $5.10 
Granted   -    -    - 
Forfeited/Cancelled   -    -    - 
Exercised   -    -    - 
Outstanding December 31, 2019   852,775   $2.00 to 6.25   $5.10 

 

* Adjusted for 10 for 1 reverse stock split effective November 1, 2019.

Schedule of warrants outstanding and exercisable

    Warrants Outstanding   Warrants Exercisable 
Exercise
Price*
   Number
Outstanding*
   Weighted
Average
Remaining
Contractual
life in years
   Weighted
Average
Exercise
Price*
   Number
Exercisable*
   Weighted
Average
Exercise
Price*
   Weighted
Average
Remaining
Contractual
life in years
 
$6.25    621,920    0.75              621,920           
$2.00    230,855    0.50         230,855           
      852,775    0.68   $5.10    852,775   $5.10    0.68 

 

 * Adjusted for 10 for 1 reverse stock split effective November 1, 2019.
Schedule of assumptions were used in the Black-Scholes valuation model
   Year ended
December 31,
2018
 
     
Calculated stock price  $0.04 
Risk-free interest rate   2.77%
Expected life of warrants (in years)   10 
Expected volatility of the underlying stock   174.91%
Expected dividend rate   0%
Schedule of option activity
Shares
Underlying
options*
   Exercise
price per
share*
   Weighted
average
exercise
price*
 
Outstanding January 1, 2018   200,000   $0,40   $0,40 
Granted   -    -    - 
Forfeited/Cancelled   -    -    - 
Exercised   -    -    - 
Outstanding December 31, 2018   200,000    0.40    0.40 
Granted   -    -    - 
Forfeited/Cancelled   (100,000)   -    - 
Exercised   -    -    - 
Outstanding December 31, 2019   100,000   $0.40   $0.40 

 

* Adjusted for 10 for 1 reverse stock split effective November 1, 2019.
Schedule of options outstanding and exercisable

    Options Outstanding   Options Exercisable 
Exercise
Price*
   Number
Outstanding*
   Weighted
Average
Remaining
Contractual
life in years
   Weighted
Average
Exercise
Price*
   Number
Exercisable
   Weighted
Average
Exercise
Price*
   Weighted
Average
Remaining
Contractual
life in years
 
 0.40    100,000    9.00   $0.40    100,000   $0.4    9.00 

 

* Adjusted for 10 for 1 reverse stock split effective November 1, 2019.