Quarterly report pursuant to Section 13 or 15(d)

J. STOCK OPTIONS AND WARRANTS (Tables)

v3.20.1
J. STOCK OPTIONS AND WARRANTS (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of options outstanding and exercisable

The following table summarizes the changes in options outstanding and the related prices for the shares of the Company’s common stock issued to employees of the Company under the Plan as of March 31, 2020.

 

Options Outstanding     Options Exercisable  
Exercise Prices    

Number

Outstanding

   

Weighted Average

Remaining

Contractual Life

(Years)

   

Weighted Average

Exercise Price

   

Number

Exercisable

   

Weighted Average

Exercise Price

 
$ 0.01 - $0.15       2,000,000       6.76     $ 0.14       2,000,000     $ 0.14  
$ 0.16 - $1.00       1,349,793       3.59       0.18       1,227,001       0.18  
          3,349,793       5.48     $ 0.16       3,227,001     $ 0.16  
Schedule of option activity

Transactions involving stock options issued to employees are summarized as follows:

 

    Number of
Shares
  Weighted Average
Price Per Share
Outstanding at January 1, 2019     3,349,793     $ 0.16  
Granted            
Exercised            
Cancelled or expired            
Outstanding at December 31, 2019     3,349,793     $ 0.16  
Granted            
Exercised            
Cancelled or expired            
Outstanding at March 31, 2020     3,349,793     $ 0.16  
Schedule of warrants outstanding and exercisable

      Warrants Outstanding           Warrants Exercisable  
Exercise Prices    

Number

Outstanding

   

Weighted Average

Remaining

Contractual Life

(Years)

   

Weighted Average

Exercise Price

   

Number

Exercisable

   

Weighted Average

Exercise Price

 
$ 0.20       250,000       1.52     $ 0.20       250,000     $ 0.20  
Schedule of warrant activity

Transactions involving warrants are summarized as follows:

 

    Number of
Shares
  Weighted Average
Price Per Share
Outstanding at January 1, 2019     250,000     $ 0.20  
Issued            
Exercised            
Cancelled or expired            
Outstanding at December 31, 2019     250,000       0.20  
Issued            
Exercised            
Cancelled or expired            
Outstanding at March 31, 2020     250,000     $ 0.20