Annual report pursuant to Section 13 and 15(d)

Common Stock Options (Tables)

v3.21.1
Common Stock Options (Tables)
 12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule of Option Exercise Price Range

The following is a summary of information about the Stock Options outstanding at December 31, 2020.

 

Shares Underlying Options Outstanding  

Shares Underlying

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     1,275,000       6.36 years     $ 0.36       632,640     $ 0.49  
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, 2018     -     $ -  
Options granted     825,000       0.50  
Options exercised     (58,331 )     (0.50 )
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  
                 
Exercisable, December 31, 2020     632,640     $ 0.49