Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)

v3.20.2
STOCKHOLDERS' EQUITY (DEFICIT) (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2020       2,014,299     $ 0.45       2.81  
                             
  Warrants exercisable at June 30, 2020       2,014,299     $ 0.45       2.81  
                             
  Weighted average fair value of warrants granted during the period             $ —            
Stock option activity
    Number of Options   Weighted Average Exercise
Price
  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       (889,583 )     0.57       0.00  
  Balance at June 30, 2020       4,781,697       0.29       8.75  
  Options exercisable at June 30, 2020       3,605,916     $ 0.25       8.62  
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     4,523,800       0.14  
Vested and issued     (933,093 )     0.46  
Forfeited     (712,499 )     0.70  
Balance at June 30, 2020     6,461,536     $ 0.38