Annual report pursuant to Section 13 and 15(d)

Stock Option Plan and Stock-Based Compensation (Tables)

v3.20.1
Stock Option Plan and Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of assumptions for fair value of stock options

    2018  
Risk-free interest rate     2.22 - 2.3 %
Expected dividend yield     0 %
Volatility factor     217.6% - 219.04 %
Expected life of option     1.71 - 5 years  
Schedule of activity under stock plans

    Shares     Exercise
Price per
Share
    Weighted
Average
Exercise Price
per Share
    Aggregate
Intrinsic
Value
 
Outstanding as of December 31, 2017     9,594,000     $ 0.10 – 1.21     $ 0.36     $  
Granted     4,000,000       0.06 – 0.20       0.12          
Exercised                          
Options forfeited/cancelled     (4,000,000 )      0.06 – 0.20       0.12          
Outstanding as of December 31, 2018     9,594,000     $ 0.10 – 1.21     $ 0.29     $  
Granted                          
Exercised                          
Options forfeited/cancelled     (410,000     0.10 – 0.50       0.40          
Outstanding as of December 31, 2019     9,184,000     $ 0.10 – 1.21     $ 0.36     $  
Schedule of information about stock options vested or expected to vest

          Options Outstanding                       Exercisable Options  
Exercise
Price
  Number
of
Options
    Weighted
Average
Exercise Price Per
Share
    Weighted
Average
Remaining
Contractual
Life (Years)
    Aggregate
Intrinsic
Value
    Number
of
Options
    Weighted
Average
Exercise
Price Per
Share
    Weighted
Average
Remaining
Contractual
Life (Years)
    Aggregate
Intrinsic
Value
 
$     0.10       3,500,000     $ 0.10       3.79     $       3,500,000     $ 0.10       4.04     $  
      0.15       4,000,000       0.15       1.65                   0.15       1.90        
      0.18       934,000       0.18       3.48             934,000       0.18       3.73        
      0.20       150,000       0.20       5.24             150,000       0.20       5.49        
      0.37       58,000       0.37       2.68             58,000       0.37       2.93        
      0.42       63,000       0.42       1.00             63,000       0.42       1.25        
      0.69       100,000       0.69       4.20             100,000       0.69       4.45        
      1.21       379,000       1.21       4.03             379,000       1.21       4.28        
$     0.10-1.21       9,184,000     $ 0.20       3.60     $       5,184,000     $ 0.20       3.60     $  
Schedule of non-vested stock options

    Number of
Options
    Weighted-
Average
Grant-Date
Fair Value
 
Non-vested as of December 31, 2017     4,000,000     $ 0.50  
Granted     4,000,000       0.12  
Forfeited     (4,000,000 )     0.12  
Vested            
Non-vested as of December 31, 2018     4,000,000     $ 0.50  
Granted            
Forfeited            
Vested            
Non-vested as of December 31, 2019     4,000,000     $ 0.50