Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

v3.22.1
Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Stock Based Compensation  
Schedule of stock option activity

 

 

Number of

Shares

 

 

Weighted

Average

Exercise

 Price

 

 

Weighted

 Average

 Remaining Contractual

 Life (years)

 

 

Aggregate

Intrinsic

Value

 

December 31, 2019

 

 

12,553,326

 

 

$ 0.55

 

 

 

4.02

 

 

$ 927

 

Grants

 

 

4,425,000

 

 

 

0.38

 

 

 

4.73

 

 

 

-

 

Exercised

 

 

(1,500 )

 

 

0.17

 

 

 

-

 

 

 

 

 

Expirations

 

 

(758,500 )

 

 

0.68

 

 

 

-

 

 

 

-

 

December 31, 2020

 

 

16,218,326

 

 

$ 0.50

 

 

 

3.57

 

 

$ 3,588,631

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grants

 

 

2,350,000

 

 

$ 0.78

 

 

 

5.00

 

 

$ -

 

Exercised

 

 

(250,000 )

 

 

0.55

 

 

 

-

 

 

 

-

 

December 31, 2021

 

 

18,318,326

 

 

$ 0.53

 

 

 

2.89

 

 

$ 2,961,965

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable at:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

 

16,093,326

 

 

$ 0.50

 

 

 

3.56

 

 

$ 3,532,381

 

December 31, 2021

 

 

18,318,326

 

 

$ 0.53

 

 

 

2.89

 

 

$ 2,961,965

 

Asssumption used for options granted

 

 

December 31,

2020

 

 

December 31,

 2020

 

Exercise price

 

$ 0.78

 

 

$

0.19-$0.58

 

Expected dividends

 

 

0 %

 

 

0 %

Expected volatility

 

 

89 %

 

84% - 103%

 

Risk free interest rate

 

 

0.79 %

 

0.30 – 0.37%

 

Expected life

 

5 years

 

 

4.12-5 years