Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.21.2
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