Annual report pursuant to Section 13 and 15(d)

Common Stock Options (Tables)

v3.22.1
Common Stock Options (Tables)
 12 Months Ended
Dec. 31, 2021
Common Stock Options  
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