Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.22.1
Stock Options (Tables)
 3 Months Ended
Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of assumptions used
 
Exercise Price $0.90
Dividend Yield 0%
Volatility 104%
Risk-free interest rate 0.41%
Expected life of options 5.0 years
Schedule of stock option activity
                       
    Number of Shares     Weighted- Average Remaining Contractual Life     Weighted- Average Exercise Price  
Outstanding at December 31, 2021     10,197,312       7.96     $ 1.75  
Granted     875,000       4.96     $ 0.90  
Exercised     –       –     $ –  
Forfeited/Cancelled     (285,000 )     4.59     $ 1.43  
Expired     –       –     $ –  
Outstanding at March 31, 2022     10,787,312       7.57     $ 1.69  
                         
Unvested at March 31, 2022     2,897,804       6.48     $ 1.92  
Vested and exercisable at March 31, 2022     7,889,508       7.97     $ 1.61