Stockholders' equity (deficit)

6 Months Ended

Jun. 30, 2020

Stockholders’ equity (deficit)

Stockholders’ equity (deficit)

5. Stockholders’ equity (deficit)

The total number of shares of all classes of capital stock that the Company is authorized to issue is 440,000,000 shares, consisting of 400,000,000 shares of common stock, par value $0.001 per share and 40,000,000 shares of preferred stock, par value $0.001 per share.

Common Stock

The holders of common stock are entitled to one vote for each share of common stock.  In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, after the payment or provision for payment of all debts and liabilities of the Company with respect to the distribution of assets in liquidation, the holders of common stock shall be entitled to share ratably in the remaining assets of the Company available for distribution.

Stock-Based Compensation Expense

The Company recorded stock-based compensation expense of $1,256,460, and $2,161,931 for the three and six months ended June 30, 2020, respectively.  The Company recorded stock-based compensation expense of  $186,963 and $284,909 for the three and six months ended June 30, 2019, respectively.