Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.21.2
Share-based Compensation (Tables)
6 Months Ended
Jun. 30, 2021
Share-based Compensation  
Schedule of information about 2019 plan

The following table contains information about the 2019 Plan as of June 30, 2021:

    

Awards

    

    

Awards 

Reserved for

Available for

Issuance

Awards Issued

Grant

2019 Plan

 

17,000,000

 

14,705,949

 

2,294,051

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

1,666,667

$

0.08

10.0

Exercised

Forfeited

Cancelled

Expired

Outstanding at June 30, 2021

 

15,372,616

$

0.034889

 

8.91

Exercisable at June 30, 2021

9,105,949

$

0.025441

8.75

Schedule of assumptions used in share-based compensation The following assumptions were used to calculate share-based compensation expense for six months ended June 30, 2021:

Volatility

    

171.12%- 172.19

%

Risk-free interest rate

0.46% - 0.86

%

Dividend yield

 

0.0

%

Expected term

 

5.0 – 5.25

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 June 30, 2021

 

$

Exercisable at June 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

 

12,460,000

$

0.135188

 

4.77

Exercised

 

 

 

Forfeited

 

 

 

Cancelled

 

 

 

Expired

 

 

 

Outstanding at June 30, 2021

 

19,827,500

$

0.094078

 

3.39

Exercisable at June 30, 2021

 

19,827,500

$

0.094078

 

3.39