Stock Plan (Tables)

6 Months Ended

Jun. 30, 2022

Stock Plan

Stock options granted to employee which has been allocated

	Three Months ended				Six Months ended
	June 30,				June 30,
	2022		2021		2022		2021
Research and development expenses	$	-	$	3,100	$	-	$	6,200

Recognized compensation in respect of the above stock option compensation allocated as general and administrative expenses

	For Three and Six Months ended
	June 30,
	2022		2021
General and administrative expenses	$	-	$	-

Fair value of each option award

	Measurement date
Dividend yield	0%
Expected volatility	114.69~198.38%
Risk-free interest rate	0.39%~2.68%
Expected life (years)	3 ~ 5
Stock Price	$ 0.38 ~ 2.80
Exercise Price	$ 0.40 ~ 2.00

Summary of the activity for the Company's stock options

	June 30, 2022							December 31, 2021
				Weighted Average  Exercise		Weighted Average Remaining Contractual Life					Weighted Average  Exercise		Weighted Average Remaining Contractual Life
	Shares			Price		(in years)		Shares			Price		(in years)
Outstanding, beginning of period		4,098,332		$	2		3.08		3,276,666		$	1.98		3.28
Granted		-			-		-		975,000		$	2		-
Exercised		-			-		-		-		$	-		-
Canceled/forfeited		(10,000	)	$	-		-		(153,334	)	$	2		-
Outstanding, end of period		4,088,332		$	2		2.51		4,098,332		$	2		3.08
Options exercisable, end of period		4,088,332		$	2		2.51		4,098,332		$	2		3.08
Weighted average fair value of options granted				$	2						$	1.98