Annual report pursuant to Section 13 and 15(d)

14. Stockholders' Equity (Tables)

v3.21.1
14. Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule of assumptions

The fair value of the warrants listed above was determined using the Black-Scholes option pricing model with the following assumptions:

 

    December 31,     December 31,  
    2020     2019  
Risk-free interest rate     1.71%       1.71%  
Expected life of the options     10 years       10 years  
Expected volatility     158.86%       158.86%  
Expected dividend yield     0%       0%  
Schedule of option activity

The following is a summary of options activity from December 31, 2019 to December 31, 2020:

 

Options   Shares     Weighted average exercise price     Weighted Average Remaining Contractual Life     Aggregate Intrinsic Value  
Outstanding at December 31, 2019     210,000     $ 9.61       9.61       –  
   Granted     –       –       –       –  
   Exercised     –       –       –       –  
   Forfeited or expired     –       –       –       –  
Outstanding at December 31, 2020     210,000     $ 9.61       9.61       –  
Vested as of December 31, 2020     210,000       5.70       9.61       –  
Exercisable at December 31, 2020     210,000     $ 9.61       9.61       –  
Schedule of options by exercise price

The exercise price for options outstanding and exercisable at December 31, 2020:

 

Outstanding     Exercisable  
                     
  Number of       Exercise       Number of       Exercise  
  Options       Price       Options       Price  
  30,000     $ 5.70       30,000     $ 5.70  
  30,000       5.70       30,000       5.70  
  30,000       5.70       30,000       5.70  
  30,000       5.70       30,000       5.70  
  30,000       5.70       30,000       5.70  
  30,000       5.70       30,000       5.70  
  30,000       5.70       30,000       5.70  
  210,000               210,000