General form of registration statement for all companies including face-amount certificate companies

Stockholders' (Deficit) (Tables)

v3.20.4
Stockholders' (Deficit) (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Equity [Abstract]    
Schedule of option activity and related information

A summary of the Company’s option activity and related information follows:

 

    Number of
Shares
Under Options
    Range of
Option Price
Per Share
    Weighted
Average
Exercise Price
 
Options Outstanding at December 31, 2019     8,425,824     $ 0.05 – 0.65     $ 0.17  
Options Granted     350,000       0.13       0.13  
Exercised     (100,000 )     0.05       0.05  
Expire/Cancelled     (250,000 )     0.36       0.36  
Options Outstanding at September 30, 2020     8,425,824     $ 0.05 – 0.65     $ 0.13  
                         
Options Exercisable at September 30, 2020     4,869,403     $ 0.05 – 0.65     $ 0.19  

A summary of the Company’s option activity and related information follows:

 

    Number of
Shares
Under Options
    Range of
Option Price
Per Share
    Weighted
Average
Exercise Price
 
Options Outstanding at January 1, 2018     5,052,148     $ 0.02 - 0.85     $ 0.28  
Options Granted     1,022,004       0.35 - 0.65       0.37  
Expired/Cancelled     (308,633 )     0.02 – 0.14       0.27  
Options Outstanding at December 31, 2018     5,765,519     $ 0.02 - 0.65     $ 0.26  
Options Granted     2,852,537       0.05       0.05  
Exercised     (100,000 )     0.05       0.05  
Expire/Cancelled     (92,232 )     0.05       0.05  
Options Outstanding at December 31, 2019     8,425,824     $ 0.05 – 0.65     $ 0.17  
                         
Options Exercisable at December 31, 2019     4,599,199     $ 0.05 – 0.65     $ 0.21  
Schedule of fair value of options by using Black-Scholes model

The weighted average fair value of options granted, and the assumptions used in the Black-Scholes model during the nine months ended September 30, 2020 are set forth in the table below.

 

    2020
Weighted average fair value of options granted   $0.13
Risk-free interest rate   0.66% - 0.83%
Volatility   221% - 223%
Expected life (years)   10
Dividend yield   0.00%

The weighted average fair value of options granted, and the assumptions used in the Black-Scholes model during the year ended December 31, 2019 are set forth in the table below.

 

    2019   2018
Weighted average fair value of options granted   $ 0.05     $ 0.05  
Risk-free interest rate     1.79 %     2.86 %
Volatility     225 %     85 %
Expected life (years)     10       10  
Dividend yield     0.00 %     0.00 %
Schedule of warrant activity and related information  

A summary of the Company’s warrant activity and related information follows:

 

    Number of
Shares Under
Warrants
  Range of
Warrants
Price
Per Share
  Weighted
Average
Exercise Price
Warrants Outstanding at January 1, 2018     133,334     $ 0.01     $ 0.01  
Warrants Granted     —         —         —    
Warrants Outstanding at December 31, 2018     133,334     $ 0.01     $ 0.01  
Warrants Granted     —         —         —    
Warrants Outstanding at December 31, 2019     133,334     $ 0.01     $ 0.01  
Warrants Exercisable at December 31, 2019     133,334     $ 0.01     $ 0.01