Quarterly report pursuant to Section 13 or 15(d)

Stock Option Plans (Tables)

v3.20.1
Stock Option Plans (Tables)
 3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of stock option activity is as follows:

 

      Options     Weighted
average
exercise price		     Weighted
average
remaining
contractual
term in years		     Aggregate
intrinsic value		  
Outstanding January 1, 2019       202,537     $ 80.13       4.52     $ 987,064  
Exercisable January 1, 2019       185,837     $ 82.13       4.10     $ 967,064  
Canceled       (291 )                        
Granted       -                          
Exercised       -                          
Forfeited       -                          
Outstanding December 31, 2019       202,246     $ 80.14       3.52     $ -  
Exercisable December 31, 2019       192,108     $ 81.32       3.26     $ -  
Canceled       -                          
Granted       -                          
Exercised       -                          
Forfeited       -                          
Outstanding March 31, 2020       202,246     $ 80.14       3.27     $ -  
Exercisable March 31, 2020       193,513     $ 81.16       3.05     $ -  

Schedule of Non-vested Shares Granted Under Stock Option Plan

A summary of the Company’s non-vested options for the three-months ended March 31, 2020 and year ended December 31, 2019, are presented below:

 

Non-vested at January 1, 2019       16,700  
Granted       -  
Vested       (6,271 )
Canceled       (291 )
Non-vested at December 31, 2019       10,138  
Granted       -  
Vested       (1,405 )
Canceled       -  
Non-vested at March 31, 2020       8,733  

Schedule of Fair Value Assumptions

The range of fair value assumptions related to options issued were as follows for the:

 

   

Three-months ended

March 31, 2020

      

Year ended

December 31, 2019

  
Dividend yield     0.0 %       0.0 %
Risk-free rate     2.38% - 3.04 %       2.38% - 3.04 %
Volatility     214% - 226 %       214% - 226 %
Expected term     3 – 7 years         3 – 7 years  

Schedule of Recognized Stock Based Compensation Expense

The Company recognized stock-based compensation expense related to options during the: 

 

    Three-months ended March 31  
    2020     2019  
    Amount     Amount  
Service provider compensation   $ 44,375     $ 44,375  
Employee compensation     39,688       42,125  
Total   $ 84,063     $ 86,500