XML 43 R30.htm IDEA: XBRL DOCUMENT v3.22.2
Stockholders' Equity (Deficit) (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Stockholders' Equity Note [Abstract]    
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block]

The following table summarizes the options outstanding at March 31, 2022 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- 0.39

     

18,671,211

     

8.85

   

$

0.20

     

6,636,628

   

$

0.14

 
           

18,671,211

     

8.85

   

$

0.20

     

6,636,628

   

$

0.14

 

 

The following table summarizes the options outstanding at December 31, 2021 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- 0.39

     

18,746,211

     

9.10

   

$

0.20

     

5,502,877

   

$

0.11

 
           

18,746,211

     

9.10

   

$

0.20

     

5,502,877

   

$

0.11

 

 

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

Transactions involving stock options are summarized as follows:

 

   

Shares

   

Weighted- Average

Exercise Price ($) (A)

 

Outstanding at December 31, 2021

   

18,746,211

   

$

0.20

 

Granted

   

-

   

$

-

 

Expired

   

(75,000

)

   

0.03

 

Outstanding at March 31, 2022

   

18,671,211

   

$

0.20

 

Options vested and exercisable

   

6,636,628

   

$

0.14

 

 

Transactions involving stock options are summarized as follows:

 

   

Shares

   

Weighted- Average

Exercise Price ($) (A)

 

Outstanding at January 1, 2020

   

67,879

   

$

0.03

 

Granted

   

14,886,000

     

0.03

 

Cancelled/Expired

   

(1,500,000

)

   

0.03

 

Outstanding at December 31, 2020

   

13,453,879

   

$

0.03

 

Granted

   

14,295,000

   

$

0.26

 

Cancelled/Expired

   

(350,000

)

 

$

0.03

 

Exercised

   

(8,652,668

)

   

0.03

 

Outstanding at December 31, 2021

   

18,746,211

   

$

0.20

 

Options vested and exercisable

   

5,502,877

   

$

0.11

 

 

 

(A)

On December 14, 2020, the Company reset the exercise price of all the options then outstanding options to $0.03 per share. This included 150,000 options previously priced at $0.04 per share; 7,450,000 options previously priced at $0.05 per share; 1,000,000 options previously priced at $0.06 per share; and 67,879 options previously prices at $21.40 per share. The Company valued these options as of December 14, 2020, at the original exercise price and at the new price of $0.03 per share and charged the increase in value in the amount of $4,113 to operations during the year ended December 31, 2020. The exercise prices of all options are shown at the restated price of $0.03 per share.

 

 

(B)

On December 28, 2020, the Company accelerated the vesting of certain of its options issued to Board members, management, and consultants, resulting in a charge to operations in the amount of $164,647 during the year ended December 31, 2020.

 

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The Company did not value any stock options during the three months ended March 31, 2022.  The Company valued stock options during the three months ended March 31,  2021 using the Black-Scholes valuation model utilizing the following variables:

 

   

March 31,

   

March 31,

 
   

2022

   

2021

 

Volatility

   

-

%

   

169.3% to 183.5

%

Dividends

 

$

-

   

$

-

 

Risk-free interest rates

   

-

%

   

0.82% to 1.69

%

Term (years)

   

-

     

2.50 to 10.00

 

 

The Company valued stock options during the years ended December 31, 2021 and 2020 using the Black-Scholes valuation model utilizing the following variables:

 

   

December 31,

   

December 31,

 
   

2021

   

2020

 

Volatility

   

153.5% to 183.5

%

   

149.4% to 209.6

%

Dividends

 

$

-

   

$

-

 

Risk-free interest rates

   

0.820% to 1.69

%

   

0.55% to 1.30

%

Term (years)

   

5.00-6.5

     

5.00

 

 

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

The following table summarizes the warrants outstanding on March 31, 2022, and the related prices for the warrants to purchase shares of the Company’s common stock:

 

   

Shares

   

Weighted- Average

Exercise Price ($)

 
                 

Outstanding on December 31, 2021

   

29,820,000

   

$

0.625

 

Granted

   

1,585,000

   

$

0.558

 

Exercised

   

-

   

$

-

 

Outstanding on March 31, 2022

   

31,405,000

   

$

0.622

 

 

The following table summarizes the warrants outstanding at December 30, 2021 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, 2019

    1,800,000     $ 0.00858  

Granted

    6,582,382     $ 0.00858  

Exercised

    (8,382,382

)

  $ 0.0561  

Outstanding at December 31, 2020

    -     $ -  

Granted

    29,820,000     $ 0.625  

Exercised

    -     $ -  

Outstanding at December 31, 2021

    29,820,000     $ 0.625  
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award [Table Text Block]

The Company valued warrants options during the three months ended March 31,  2022 and 2021 using the Black-Scholes valuation model utilizing the following variables:

 

   

March 31,

   

March 31,

 
   

2022

   

2021

 

Volatility

   

147.8 to 150.7

%

   

171.6% to 183.5

%

Dividends

 

$

-

   

$

-

 

Risk-free interest rates

   

0.76% to 0.83

%

   

1.15% to 1.63

%

Term (years)

   

0.25

     

5.00 to 6.50