Annual report pursuant to Section 13 and 15(d)

J. STOCK OPTIONS AND WARRANTS (Tables)

v3.21.1
J. STOCK OPTIONS AND WARRANTS (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of options outstanding and exercisable

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

 

    Number of
Shares
    Weighted Average Exercise
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 December 31, 2020     3,349,793     $ 0.16  
Schedule of option activity

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 December 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     6.01   $ 0.14     2,000,000   $ 0.14  
$0.16 - $1.00     1,349,793     2.84     0.18     1,282,513     0.18  
      3,349,793     4.73   $ 0.16     3,282,513   $ 0.16  
Schedule of warrants outstanding and exercisable

Transactions involving warrants are summarized as follows:

 

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

The following table summarizes the changes in warrants outstanding and the related exercise prices for the warrants issued to the debt holder in relation to the revolving credit facility, see Note G.

 

      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     0.77     $  0.20     250,000     $  0.20