XML 40 R20.htm IDEA: XBRL DOCUMENT v3.20.2
Stockholders' (Equity) (Tables)
9 Months Ended
Sep. 30, 2020
Stockholders' Equity Note [Abstract]  
Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block]
The following table summarizes the options outstanding at September 30, 2020 and the related prices for the options to purchase shares of the Company’s common stock:


 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Weighted

 

 

average

 

 

 

 

 

 

average

 

 

 

 

 

 

 

 

 

average

 

 

exercise

 

 

 

 

 

 

exercise

 

Range of

 

 

Number of

 

 

remaining

 

 

price of

 

 

Number of

 

 

price of

 

exercise

 

 

options

 

 

contractual

 

 

outstanding

 

 

options

 

 

exercisable

 

prices

 

 

outstanding

 

 

life (years)

 

 

options

 

 

exercisable

 

 

options

 

$

0.03

 

 

 

1,250,000

 

 

 

9.67

 

 

$

0.03

 

 

 

250,000

 

 

$

0.03

 

$

0.05

 

 

 

7,450,000

 

 

 

9.44

 

 

$

0.05

 

 

 

983,334

 

 

$

0.05

 

$

0.06

 

 

 

1,000,000

 

 

 

9.84

 

 

$

0.06

 

 

 

-

 

 

$

-

 

$

21.40

 

 

 

67,879

 

 

 

2.41

 

 

$

21.40

 

 

 

67,879

 

 

$

1.16

 

 

 

 

 

 

9,767,879

 

 

 

9.46

 

 

$

0.20

 

 

 

1,301,213

 

 

$

1.16

 

Share-based Payment Arrangement, Option, Activity [Table Text Block]
Transactions involving stock options are summarized as follows:


   

Shares

   

Weighted- Average

Exercise Price ($)

 

Outstanding at December 31, 2018

    67,879     $ 21.40  

Granted

    -       -  

Cancelled

    -       -  
                 

Outstanding at December 31, 2019

    67,879     $ 21.40  
                 

Granted

    11,200,000     $ 0.05  

Cancelled

    (1,500,000

)

    0.05  

Outstanding at September 30, 2020

    9,767,879     $ 0.20  
                 

Exercisable at September 30, 2020

    1,301,213     $ 1.16  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The Company valued warrants and stock options during the nine months ended September 30, 2020 and 2019 using the Black-Scholes valuation model utilizing the following variables:


   

September 30,

   

September 30,

 
   

2020

   

2019

 

Volatility

    201.9% to 209.6

%

    228.0% to 229.4

%

Dividends

  $ -     $ -  

Risk-free interest rates

    0.55% to 1.30

%

    1.75% to 2.53

%

Term (years)

    6.0 to 10.00       5.00  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
The following table summarizes the warrants outstanding at September 30, 2020 and the related prices for the warrants to purchase shares of the Company’s common stock:


   

Shares

   

Weighted- Average

Exercise Price ($)

 
                 

Outstanding at December 31, 2018

    1,167,653     $ 2.18  
                 

Granted

    400,000     $ 0.00858  

Additional warrants due to trigger of ratchet feature

    6,659,382     $ 0.00858  

Exercised – cashless conversion

    (3,514,900

)

  $ 0.00858  

Forfeited

    (2,769,482

)

  $ 0.00858  

Expired

    (142,653

)

    17.42  

Outstanding at December 31, 2019

    1,800,000     $ 0.00858  
                 

Granted

    6,582,382     $ 0.00858  

Exercised

    (8,382,382

)

  $ 0.0561  

Outstanding at September 30, 2020

    -     $ -