Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.20.2
Equity (Tables)
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Schedule of stock options outstanding

Options Outstanding     Options Exercisable  
Range of
Exercise
Price
    Number
Outstanding at
June 30,
2020
    Weighted
Average
Remaining
Contractual Life
(Years)
    Weighted
Average
Exercise
Price
    Number
Exercisable at
June 30,
2020
    Weighted
Average
Exercise
Price
 
$ 0.50       2,000,000       6.61     $ 0.50       2,000,000     $ 0.50  
  1.00 – 1.93       2,210,000       6.28       1.46       1,253,333       1.37  
  2.00 – 2.80       2,740,000       3.27       2.17       2,740,000       2.17  
  4.76       30,000       3.76       4.76       30,000       4.76  
$ 0.50 – 4.76       6,980,000       5.18     $ 1.48       6,023,333     $ 1.46  

Schedule of stock option activities

    Number of
Options
    Weighted
Average
Exercise
Price
 
Outstanding at January 1, 2020     5,260,000     $ 1.45  
Granted     1,720,000       1.56  
Terminated / Exercised     -       -  
Outstanding at June 30, 2020     6,980,000     $ 1.48  
Options exercisable at June 30, 2020     6,023,333     $ 1.46  
Options expected to vest     956,667     $ 1.59  

Schedule of fair value of the options using the Black-Scholes option-pricing model

    Number of
Options
    Weighted
Average
Exercise
Price
 
Nonvested at January 1, 2020     264,723     $ 2.00  
Granted     1,720,000       1.56  
Vested     (1,028,056 )     (1.65 )
Nonvested at June 30, 2020     956,667     $ 1.59