Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)

v3.20.2
STOCKHOLDERS' EQUITY (DEFICIT) (Tables)
3 Months Ended
Mar. 31, 2020
Equity (Deficit):  
Warrant activity
    Number of Warrants    

Weighted Average

Exercise Price

    Weighted Average Remaining Contractual Life (Years)  
Balance at December 31, 2019     2,014,299     $ 0.45       3.31  
Granted                  
Cancelled                  
Exercised                  
Forfeited                  
Balance at March 31, 2020     2,014,299     $ 0.45       3.06  
                       
Warrants exercisable at March 31, 2020     2,014,299     $ 0.45       3.06  
                       
Weighted average fair value of warrants granted during the period           $        
Stock option activity
    Number of Options     Weighted Average ExercisePrice     Weighted Average Remaining Contractual Life(Years)  
Balance at December 31, 2019     4,671,280     $ 0.29       7.29  
Granted     1,000,000       0.30       10.00  
Forfeited     (861,458 )     0.53       0.00  
Balance at March 31, 2020     4,809,822       0.29       8.94  
Options exercisable at March 31, 2020     3,450,448     $ 0.25       8.77  
Fair value assumptions
Risk-free interest rate   1.55%
Expected volatility   263%
Expected term (in years)   10
Expected dividend yield   0%
Restricted common stock
   

Restricted Stock

Common Stock

   

Weighted Average

Grant-Date Fair Value

Per Share

 
Balance at December 31, 2019     3,583,328     $ 0.68  
Granted     277,778       0.38  
Vested and issued     (209,727 )     (0.62 )
Forfeited     -       -  
Balance at March 31, 2020     3,651,379     $ 0.66