Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Summary of Stock-based Compensation Costs

A summary of stock-based compensation costs for the three months ended March 31, 2020 and 2019 is as follows:

 

   

Three Months Ended

March 31,

 
    2020     2019  
             
Related parties   $     $ 12,936  
Non-related parties            
Total stock-based compensation costs   $     $ 12,936  

Summary of Stock Option Activity Including Options Form of Warrants

A summary of stock option activity, including options issued in the form of warrants, during the three months ended March 31, 2020 is presented below.

 

          Weighted     Weighted
Average
Remaining
 
    Number of     Average     Contractual  
    Shares     Exercise Price     Life (in Years)  
                   
Stock options outstanding at December 31, 2019     7,850,000     $ 0.608          
Granted                    
Exercised                    
Expired                    
Stock options outstanding at March 31, 2020     7,850,000     $ 0.608       2.89  
                         
Stock options exercisable at March 31, 2020     7,850,000     $ 0.608       2.89  

Schedule of Exercise Prices of Common Stock Options Outstanding and Exercisable Including Options Form of Warrants

The exercise prices of common stock options outstanding and exercisable, including options issued in the form of warrants, at March 31, 2020 are as follows:

 

Exercise
Prices
    Options
Outstanding (Shares)
    Options
Exercisable (Shares)
 
               
$ 0.120       450,000       450,000  
$ 0.150       300,000       300,000  
$ 0.160       200,000       200,000  
$ 0.200       500,000       500,000  
$ 0.280       400,000       400,000  
$ 0.500       4,200,000       4,200,000  
$ 1.000       1,000,000       1,000,000  
$ 1.100       300,000       300,000  
$ 2.000       500,000       500,000  
          7,850,000       7,850,000