Annual report pursuant to Section 13 and 15(d)

Share-based Compensation (Tables)

v3.20.1
Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Compensation  
Schedule of information about 2019 plan

The following table contains information about the 2019 Plan as of December 31, 2019:

 

 

 

 

 

 

 

 

 

    

Awards

    

 

    

Awards

 

 

Reserved for 

 

 

 

Available for 

 

 

Issuance

 

Awards Issued

 

Grant

2019 Plan

 

2,000,000

 

1,000,000

 

1,000,000

 

Schedule of incentive stock option activity

The following table summarizes the Company’s incentive stock option activity and related information for the period  ended December 31, 2019:

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted

 

 

 

 

Weighted

 

Average

 

 

Number of 

 

Average

 

Contractual 

 

    

Options

    

Exercise Price

    

Term in Years

Outstanding at June 21, 2019

 

 —

 

 

 —

 

 —

Granted

 

1,000,000

 

$

0.053525

 

10.0

Exercised

 

 —

 

 

 —

 

 —

Forfeited

 

 —

 

 

 —

 

 —

Cancelled

 

 —

 

 

 —

 

 —

Expired

 

 —

 

 

 —

 

 —

Outstanding at December 31, 2019

 

1,000,000

 

$

0.053525

 

10.0

 

Schedule of assumptions used in share-based compensation

The following assumptions were used to calculate share-based compensation expense for year ended December 31, 2019:

 

 

 

 

 

Volatility

    

88.42

%

Risk-free interest rate

 

1.37% - 1.39

%

Dividend yield

 

0.0

%

Expected term

 

5.25

years