Share-based Compensation (Tables)
|
9 Months Ended |
Sep. 30, 2021 |
|---|
| Share-based Compensation |
|
| Schedule of information about 2019 plan |
|
|
|
|
|
|
|
|
|
Awards |
|
|
|
Awards |
|
|
Reserved for |
|
|
|
Available for |
|
|
Issuance |
|
Awards Issued |
|
Grant |
2019 Plan |
|
20,000,000 |
|
16,722,616 |
|
3,277,384 |
|
| Schedule of incentive stock option activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted |
|
Weighted |
|
|
|
|
Average |
|
Average |
|
|
Number of |
|
Exercise |
|
Contractual |
|
|
Options |
|
Price |
|
Term in Years |
Outstanding at January 1, 2020 |
|
1,000,000 |
|
$ |
0.053525 |
|
9.6 |
Granted |
|
12,705,949 |
|
$ |
0.0291 |
|
10.0 |
Exercised |
|
— |
|
|
— |
|
— |
Forfeited |
|
— |
|
|
— |
|
— |
Cancelled |
|
— |
|
|
— |
|
— |
Expired |
|
— |
|
|
— |
|
— |
Outstanding at December 31, 2020 |
|
13,705,949 |
|
$ |
0.027736 |
|
9.32 |
|
|
|
|
|
|
|
|
Granted |
|
3,166,667 |
|
$ |
0.113158 |
|
10.0 |
Exercised |
|
— |
|
|
— |
|
— |
Forfeited |
|
(1,000,000) |
|
|
0.04 |
|
— |
Cancelled |
|
(150,000) |
|
|
0.01 |
|
— |
Expired |
|
— |
|
|
— |
|
— |
Outstanding at September 30, 2021 |
|
15,722,616 |
|
$ |
0.045783 |
|
8.78 |
Exercisable at September 30, 2021 |
|
10,322,616 |
|
$ |
0.031274 |
|
8.63 |
|
| Schedule of assumptions used in share-based compensation |
The following assumptions were used to calculate share-based compensation expense for six months ended September 30, 2021:
|
|
|
|
Volatility |
|
171.12%- 183.48 |
% |
Risk-free interest rate |
|
0.46% - 0.86 |
% |
Dividend yield |
|
0.0 |
% |
Expected term |
|
5.0 – 5.75 |
years |
|
| Schedule of restricted stock awards activity |
|
|
|
|
|
|
|
|
|
|
Weighted |
|
|
|
|
Average |
|
|
Number of |
|
Grant Date |
|
|
Units |
|
Fair Value |
Granted |
|
7,311,904 |
|
$ |
0.023 |
Exercised and converted to common shares |
|
(5,928,571) |
|
|
0.014 |
Forfeited |
|
— |
|
|
— |
Outstanding at December 31, 2020 |
|
1,383,333 |
|
$ |
0.060 |
Granted |
|
— |
|
|
— |
Exercised and converted to common shares |
|
(1,383,333) |
|
|
0.060 |
Forfeited |
|
— |
|
|
— |
Outstanding at September 30, 2021 |
|
— |
|
$ |
— |
Exercisable at September 30,2021 |
|
— |
|
$ |
— |
|
| Summary of common stock warrants |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted |
|
Weighted |
|
|
|
|
Average |
|
Average |
|
|
Number of |
|
Exercise |
|
Contractual |
|
|
Warrants |
|
Price |
|
Term in Years |
Outstanding at December 31, 2019 |
|
5,250,000 |
|
$ |
0.014000 |
|
2.81 |
|
|
|
|
|
|
|
|
Granted |
|
2,117,500 |
|
$ |
0.050720 |
|
5.00 |
Exercised |
|
— |
|
|
— |
|
— |
Forfeited |
|
— |
|
|
— |
|
— |
Cancelled |
|
— |
|
|
— |
|
— |
Expired |
|
— |
|
|
— |
|
— |
Outstanding at December 31, 2020 |
|
7,367,500 |
|
$ |
0.050720 |
|
2.54 |
Granted |
|
24,030,667 |
|
$ |
0.142320 |
|
4.88 |
Exercised |
|
— |
|
|
— |
|
— |
Forfeited |
|
— |
|
|
— |
|
— |
Cancelled |
|
— |
|
|
— |
|
— |
Expired |
|
— |
|
|
— |
|
— |
Outstanding at September 30, 2021 |
|
31,398,167 |
|
$ |
0.114686 |
|
3.79 |
Exercisable at September 30, 2021 |
|
31,398,167 |
|
$ |
0.114686 |
|
3.79 |
|