Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS AND RESTRICTED STOCK UNITS (Tables)

v3.21.2
STOCK OPTIONS AND RESTRICTED STOCK UNITS (Tables)
 9 Months Ended
Sep. 30, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]  
SCHEDULE OF FAIR VALUE OF STOCK OPTIONS GRANTED USING THE ASSUMPTIONS

The assumptions that were used in Black-Scholes option pricing model for the nine months ended September 30, 2021 were as follows:

 

     
     
Expected term (years)     5  
Expected volatility     153.9 %
Risk-free interest rate     0.08 %
Expected dividend yield     0.0 %
Officers and Directors [Member]  
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]  
SUMMARY OF STOCK OPTION ACTIVITY

A summary of stock option activity and related information is as follows:

 

    Options     Weighted Average Exercise Price     Weighted Average Remaining Contractual Term     Aggregate Intrinsic Value  
Outstanding as of December 31, 2020   468,619     $

1.31

       5.6     $        -  
Granted     644,000      $ 0.36       9.9     $ -  
Outstanding as of September 30, 2021     1,112,619      $ 0.76       7.8     $ -  
Exercisable as of September 30, 2021     468,619      $ 1.31       4.9     $ -