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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule of Fair Value of Stock Options Valuation Assumptions

The estimated grant-fair value of stock option grants was calculated using the Black-Scholes-Merton option-pricing model using the following assumptions:

 

Weighted average   280.02%   278.0%
Weighted average expected term (years)   2.2    3.0 
Risk free interest rate   0.9%   1.59%
Expected dividend yield   —      —   

 

Schedule of Share-Based Compensation , Stock Options, Activity

The following table represents stock option activity as of and for the year ended December 31, 2020:

 

  

Number of

Shares

  

Weighted Average

Exercise Price

  

Weighted Average

Remaining Life

  

Aggregate

Intrinsic Value

 
                 
Options Outstanding – December 31, 2019   3,800,000   $.20    3.0   $—   
Granted   400,000   $.15    4.5      
Exercised                    
Forfeited   (400,000)               
Options Outstanding – December 31, 2020   3,800,000   $.21    3.6   $812,350 
                     
Exercisable and Vested, December 31, 2020   3,600,000   $.22    2.4   $698,475 

 

The following table represents stock option activity as of and for the year ended December 31, 2019:

 

  

Number of

Shares

  

Weighted Average

Exercise Price

  

Weighted Average

Remaining Life

  

Aggregate

Intrinsic Value

 
                 
Options Outstanding – December 31, 2018   4,250,000   $0.24    3.9   $—   
Granted   1,100,000   $0.17    4.8      
Exercised   —                  
Forfeited   (1,550,000)               
Options Outstanding – December 31, 2019   3,800,000   $0.20    3.0   $—   
                     
Exercisable and Vested, December 31, 2019   3,400,000   $0.24    3.1   $—