Stock Transations (Tables)

12 Months Ended

Dec. 31, 2019

Stock Transations

Schedule of Assumptions Used in Valuing the Stock Options

In applying the Binomial Lattice (Suboptimal) option pricing model to stock option granted, the Company used the following weighted average assumptions: The following assumptions were used in the fair value calculations of options granted during the year ended December 31, 2018:

Risk free interest rate – 2.80 – 2.94%

Expected term – 5 to 10 years

Expected volatility of stock – 500%

Expected dividend yield – 0%

Suboptimal Exercise Behavior Multiple – 2.0

Number of Steps – 150

In applying the Binomial Lattice (Suboptimal) option pricing model to stock option granted, the Company used the following weighted average assumptions: The following assumptions were used in the fair value calculations of options granted during the year ended December 31, 2019:

Risk free interest rate – 1.53 – 1.73%

Expected term – 5 to 10 years

Expected volatility of stock – 500%

Expected dividend yield – 0%

Suboptimal Exercise Behavior Multiple – 2.0

Number of Steps – 150

Schedule of Stock Options Outstanding and Activity

The following table sets forth the Company’s stock options outstanding as of December 31, 2019 and 2018 and activity for the years then ended:

	Shares			Weighted Average Exercise Price		Weighted Average Fair Value		Weighted Average Remaining Contractual Term (Years)		Intrinsic Value
Outstanding, January 1, 2018		1,026,670		$	0.435	$	0.345		2.45	$	87,267
Granted		210,000			0.435		0.210		6.52		(59,010	)
Exercised		-			-		-		-		-
Forfeited/expired		(266,669	)		0.435		0.371		-		74,934
Outstanding, December 31, 2018		970,001			0.435		0.308		2.77		(272,570	)
Granted		210,000			0.435		0.210		4.84		(64,050	)
Exercised		-			-		-		-		-
Forfeited/expired		(180,001	)		0.435		0.283		-		54,900
Outstanding, December 31, 2019		1,000,000		$	0.435	$	0.284		2.88	$	(305,000	)
Vested/exercisable at December 31, 2018		760,001		$	0.435	$	0.336		2.20	$	(213,560	)
Vested/exercisable at December 31, 2019		790,000		$	0.435	$	0.314		2.36	$	(240,950	)

Schedule of Options Granted, Outstanding and Exercisable Under the 2005 Plan

The following table summarizes the information with respect to options granted, outstanding and exercisable under the 2005 Plan:

Exercise Price		Options Outstanding		Remaining Contractual Life in Years		Average Exercise Price		Number of Options Currently Exercisable
$	.435		20,000		0.46	$	.435		20,000
$	.435		10,000		1.50	$	.435		10,000
$	.435		10,000		4.01	$	.435		10,000
$	.435		100,000		0.01	$	.435		100,000
$	.435		10,000		5.50	$	.435		10,000
$	.435		100,000		0.60	$	.435		100,000
$	.435		10,000		5.60	$	.435		10,000
$	.435		100,000		1.60	$	.435		100,000
$	.435		10,000		6.60	$	.435		10,000
$	.435		200,000		2.60	$	.435		200,000
$	.435		10,000		7.60	$	.435		10,000
$	.435		200,000		3.60	$	.435		200,000
$	.435		10,000		8.60	$	.435		10,000
$	.435		200,000		4.60	$	.435		-
$	.435		10,000		9.60	$	.435		-