Annual report pursuant to Section 13 and 15(d)

Stockholders??? Equity (Tables)

v3.21.1
Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2020
Stockholders' Equity Note [Abstract]
Schedule of equity purchase option activity
Number of Weighted Weighted
Equity Average Average
Purchase Exercise Remaining Intrinsic
Options Price Term (Yrs) Value
Outstanding, January 1, 2020 600,000 $ 11.50
Granted
-
Exercised
-
Expired
-
Forfeited
-
Outstanding, December 31, 2020 600,000 $ 11.50 1.8 $
-
Exercisable, December 31, 2020 600,000 $ 11.50 1.8 $
-

Schedule of option activity
Weighted Weighted
Average Average
Number of Exercise Remaining Intrinsic
Options Price Term (Yrs) Value
Outstanding, January 1, 2020 2,480,000 $ 4.34 9.86 $
-
Granted 200,000 2.15
Exercised
-
-
Expired
-
-
Forfeited (250,000 ) 4.47
Outstanding, December 31, 2020 2,430,000 $ 4.15 8.92 $
-
Exercisable, December 31, 2020 557,500 $ 4.33 2.84 $
-

Schedule of options outstanding and exercisable
Options Outstanding Options Exercisable
Outstanding Weighted Average Exercisable
Exercise Number of Remaining Life Number of
Price Options In Years Options
$ 2.11 80,000
-
-
$ 2.17 120,000
-
-
$ 4.09 1,890,000 2.89 472,500
$ 5.66 340,000 2.56 85,000
2,430,000 2.84 557,500

Schedule of fair value of options granted
For the Years Ended
December 31,
2020 2019
Risk free interest rate 0.55 - 0.69% 1.74 - 1.77%
Expected term (years) 6.25 6.25
Expected volatility 38% 36%
Expected dividends 0.00% 0.00%

Schedule of non-vested restricted stock activity
Number of
Restricted Stock
Weighted Average
Grant Date
Fair Value
Non-vested balance, January 1, 2020 80,393 $ 5.66
Granted 199,143 2.03
Vested (80,393 ) 5.66
Forfeited
-
-
Non-vested balance, December 31, 2020 199,143 $ 2.03

Schedule of warrant activity
Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Life in Years Intrinsic
Value
Outstanding, January 1, 2020 18,637,003 $ 11.50 4.6 $
-
Issued 1,454,546 4.13
Exercised
-
-
Cancelled
-
-
Outstanding, December 31, 2020 20,091,549 $ 10.97 3.7 $
-
Exercisable, December 31, 2020 20,091,549 $ 10.97 3.7 $
-