Annual report pursuant to Section 13 and 15(d)

Common Stock, Preferred Stock and Warrants (Tables)

Common Stock, Preferred Stock and Warrants (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule of Issued Shares of Common Stock

In 2020, the Company issued 17,392,343 shares of common stock as follows:


Stock based compensation for services     1,750,000  
Conversions of debentures and notes with unrelated parties     218,686  
Conversion of Bridge Notes     13,312,175  
Conversion of accrued salary and bonus, directors’ fees and notes with related parties     2,111,482  
Total Common Shares issued in 2020     17,392,343  

Summary of All Outstanding Common Stock Warrants

The following is a summary of all outstanding common stock warrants as of December 31, 2020:


    Number of
    Exercise price
per share
term in years
Warrants issued in connection with issuance of Series A Preferred Stock     46,154     $ 0.22       0.005