General form of registration statement for all companies including face-amount certificate companies

Deferred Revenues (Tables)

v3.22.2.2
Deferred Revenues (Tables)
 12 Months Ended
Dec. 31, 2021
Deferred Revenues  
Schedule to Purchase Shares of Preferred Stock

 

Date   Shares     Purchase Price  
Initial Closing Date     16,666     $ 249,990  
February 22, 2021     16,667       250,005  
March 8, 2021     16,667       250,005  
March 22, 2021     16,667       250,005  
April 5, 2021     16,666       249,990  
April 19, 2021     16,667       250,005  
May 17, 2021     33,334       500,010  
June 14, 2021     33,333       499,995  
July 12, 2021     33,333       499,995  
Total     200,000     $ 3,000,000  
Schedule of Option Exercise Price Range

The following is a summary of information about the Stock Options outstanding at December 31, 2021.

 

      Shares Underlying  
Shares Underlying Options Outstanding     Options Exercisable  
        Weighted                
    Shares   Average   Weighted     Shares   Weighted  
    Underlying   Remaining   Average     Underlying   Average  
Range of   Options   Contractual   Exercise     Options   Exercise  
Exercise Prices   Outstanding   Life   Price     Exercisable   Price  
$0.13 - $0.56   10,742,000   8.63 years   $ 0.16     7,467,612   $ 0.17  
Schedule of Option Activity

The following is a summary of activity of outstanding stock options:

 

          Weighted  
          Average  
    Number     Exercise  
    of Shares     Prices  
Balance, December 31, 2019     766,669     $ 0.50  
Options granted     9,875,000       0.51  
Options exercised     (9,366,669 )     (0.53 )
Balance, December 31, 2020     1,275,000       0.36  
Options granted     9,592,000       0.14  
Options exercised     (125,000 )     (0.13 )
Balance, December 31, 2021     10,742,000     $ 0.16  
                 
Exercisable, December 31, 2021     7,467,612     $ 0.17