Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2021

Stock-Based Compensation

Summary of stock option activity

4. Stock-Based Compensation – (continued)

A summary of stock option activity for the nine months ended September 30, 2021 is as follows:

		Weighted		Weighted Average	Aggregate
		Average Exercise		Remaining	Intrinsic
	Options	Price		Contractual Life	Value
Balance - December 31, 2020	3,997,418	$	2.35	6.09 years		-
Granted	-		-
Exercised	-		-
Expired	-		-
Forfeited	-		-
Balance - September 30, 2021 - outstanding	3,997,418	$	2.35	5.03 years	$	135,792
Balance - September 30, 2021 - exercisable	2,296,662	$	3.79	4.50 years	$	66,093
Grant date fair value of options granted – nine months ended September 30, 2021		$	-
Weighted average grant date fair value –nine months ended September 30, 2021		$	-
Grant date fair value of options granted – year ended December 31, 2020		$	412,000
Weighted average grant date fair value – year ended December 31, 2020		$	0.27