STOCK BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2020

STOCK BASED COMPENSATION

Schedule of stock based compensation

Number of options outstanding:
2018 Equity Incentive Plan	7,418,344
Options granted not part of a shareholder approved plan	2,200,000
September 30, 2020	9,618,344

Summary of Stock option activity

Number of options outstanding:
Beginning of year		6,939,178
Granted		2,825,000
Exercised, converted		-
Forfeited		(145,834	)
September 30, 2020		9,618,344
Number of options exercisable at end of period		5,778,236
Number of options available for grant at end of period		3,840,108
Weighted average option prices per share:		0.30
Granted during the period	$	0.35
Exercised during the period		-
Terminated during the period	$	0.60
Outstanding at end of the period	$	0.40
Exercisable at end of period	$	0.40

Schedule of granted options

	2020			2019
Expected option life (years)		7.5			6.5
Expected stock price volatility		114-116	%		137-145	%
Expected dividend yield		—	%		—	%
Risk-free interest rate		2.07	%		2.40–2.90	%