Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.22.1
Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2022
Stockholders' Equity Note [Abstract]  
Schedule of option activity
          Weighted     Weighted        
          Average     Average        
    Number of     Exercise     Remaining     Intrinsic  
    Options     Price     Term (Yrs)     Value  
Outstanding, January 1, 2022     2,741,000       4.77       9.4       70,500  
Granted    
-
      
-
      
 
      
 
  
Exercised    
-
      
-
      
 
      
 
  
Expired    
-
      
-
      
 
      
 
  
Forfeited    
-
      
-
      
 
      
 
  
Outstanding, March 31, 2022     2,741,000       4.77       9.2     $ 5,000  
                                 
Exercisable, March 31, 2022     1,105,528       4.46       9.1     $ 5,000  

 
Schedule of assumptions used in the black scholes valuation method
    For the Three Months Ended March 31, 2022
Risk-free interest rate   0.75%
Expected term in years   5.27 – 5.38
Expected volatility   100%
Expected dividends   0%

 
Schedule of outstanding and exercisable stock options
Stock Options Outstanding     Stock Options Exercisable  
            Weighted        
            Average        
Exercise     Number of     Remaining     Number of  
Price     Shares     Life in Years     Shares  
$ 2.49       50,000       8.7       50,000  
$ 4.43       1,580,000       8.9       772,444  
$ 7.56       436,000       9.3       72,667  
$ 3.95       675,000       9.7       210,417  
          2,741,000       9.1       1,105,528