7. Share-based Compensation

12 Months Ended

Dec. 31, 2019

Notes

7. Share-based Compensation

7.         Share-Based Compensation

The Company grants stock options to individual employees and directors with three years continuous tenure.  After termination of employment, stock options may be exercised within ninety days, after which they are subject to forfeiture. There were no option grants during 2019 and 2018.

In the years ended December 31, 2019 and 2018, the Company recognized $0 and $0 respectively, in share-based compensation expense.  No non-vested share-based compensation arrangements existed as of December 31, 2019 and 2018.    

A summary of option activity follows:

	Number Outstanding	Weighted Average Exercise Price Per Option	Weighted Average Remaining Contractual Term (Years)
Balance at December 31, 2017	150,000	$      0.40	2.6
Granted	-	-
Expired/Forfeited	(30,000)	0.40
Balance at December 31, 2018	120,000	0.40	1.6
Granted	-	-
Expired/Forfeited	-	-
Balance at December 31, 2019	120,000	$      0.40	0.6
Outstanding and Exercisable at December 31, 2019	120,000	$      0.40	0.6

The aggregate intrinsic value of the options outstanding and exercisable at December 31, 2019 was $1,200.