Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)

v3.20.1
STOCKHOLDERS' EQUITY (DEFICIT) (Tables)
12 Months Ended
Dec. 31, 2019
Stockholders' Equity (Deficit):  
Warrant activity
    Number of Warrants    

Weighted

Average

Exercise

Price

   

 

Weighted

Average

Remaining

Contractual

Life

(Years)

 
Balance at December 31, 2017     208,333     $ 4.80        1.50   
Granted     435,750       0.32        1.79   
Balance at December 31, 2018     644,083       1.77       1.38  
Granted     1,578,549       0.45       5.00  
Cancelled                  
Exercised                  
Forfeited     (208,333 )     4.80        
Balance at December 31, 2019     2,014,299     $ 0.45       3.31  
                         
Warrants exercisable at December 31, 2019           $ 0.45       3.31  
                         
Weighted average fair value of warrants granted during the period           $ 1.05          
Stock option activity
    Number of Options     Weighted Average ExercisePrice     Weighted Average Remaining Contractual Life(Years)  
Balance at December 31, 2017     -     $ -       -  
Granted     959,375       0.41       9.00  
Balance at December 31, 2018     959,375       0.41       8.79  
Granted     4,753,572       0.21       8.54  
Exercise     (375,000 )     0.01       9.12  
Forfeited     (666,667 )     0.05       8.56  
Balance at December 31, 2019     4,671,280       0.29       7.29  
Options exercisable at December 31, 2019     3,798,888     $ 0.31       6.88  
Fair value assumptions
Risk-free interest rate     2.72 – 3.20 %
Expected volatility     343.72 – 412.31 %
Expected term (in years)     5-10  
Expected dividend yield     0 %
Restricted common stock activity
    Restricted Stock Common Stock     Weighted Average Grant-Date Fair Value Per Share  
Balance at December 31, 2018     -     $ -  
Granted     3,727,778       0.69  
Vested and issued     (144,450 )     (0.84 )
Forfeited     -       -  
Balance at December 31, 2019     3,583,328     $ 0.68