Stock Based Compensation (Tables)

3 Months Ended

Mar. 31, 2021

Stock Based Compensation (Tables)

Stock option activity

Number of options outstanding:
July 1, 2020		12,558,375
Granted		5,754,124
Forfeited / exchanged / modification		(5,952,000	)
March 31, 2021		12,360,499
Aggregate Intrinsic Value at March 31, 2021	$	222,126
Number of options exercisable at end of period		3,645,494
Number of options available for grant at end of period		4,957,288
Weighted average option prices per share:
Granted during the period	$	0.14
Exercised during the period	$	0.00
Terminated during the period	$	0.08
Outstanding at end of period	$	0.10
Exercisable at end of period	$	0.08

Schedule of fair value of stock options granted

	2020
Expected option life (years)		2 - 4
Expected stock price volatility		227 to 250	%
Expected dividend yield		—
Risk-free interest rate		0.44 to 0.54	%

Summary of warrant outstanding

Warrants	Remaining Number Outstanding		Weighted Average Remaining Life (Years)		Weighted Average Exercise Price
Warrants-Financing		86,957		2.05	$	1.15
Warrants-Issued with Convertible Notes		600,000		2.48	$	0.75
Warrants - Financing		360,577		3.27	$	0.78
Warrants A – Financing		28,072,364		3.27	$	0.16
Total		29,119,898		3.25	$	0.18
Aggregate Intrinsic Value at March 31, 2021	$	-