Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Deficit (Tables)

v3.21.2
Stockholders’ Deficit (Tables)
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Schedule of Stock Option Transactions

Stock option transactions under the Company’s Plan for the six months ended June 30, 2021 and the year ended December 31, 2020 are summarized as follows:

 Schedule of Stock Option Transactions

Stock Options   Number of Options     Weighted Average Exercise Price    

Weighted Average

Remaining Contractual Term (Years)

    Aggregate Intrinsic Value     Weighted Average Grant Date Fair Value  
Outstanding - December 31, 2019     -     $ -       0.00     $ -     $ -  
Exercisable - December 31, 2019     -     $ -       0.00     $ -     $ -  
Vested and Exercisable - December 31, 2020     -     $ -       0.00     $ -     $ -  
Unvested and non-exercisable - December 31, 2020     -     $ -       0     $ -     $ -  
Granted     850,176     $ 0.32       7.00     $      -     $ 0.17  
Exercised     -     $ -             $ -          
Cancelled/Forfeited     -     $ -             $ -          
Outstanding - December 31, 2020     850,176     $ 0.32       6.16     $ -     $ -  
Vested and Exercisable - December 31, 2020     -     $ -       0.00     $ -     $ -  
Unvested and non-exercisable - December 31, 2020     850,176     $ 0.32       6.16     $ -     $ -  
                                         
Outstanding - December 31, 2020     850,176     $ 0.32       6.16     $ -     $ -  
Vested and Exercisable - December 31, 2020     -     $ -       0.00     $ -     $ -  
Unvested and non-exercisable - December 31, 2020     850,176     $ 0.32       6.16     $ -     $ -  
Granted     -       -                     $ -  
Exercised     -       -                          
Cancelled/Forfeited     -       -                          
Outstanding - June 30, 2021     850,176     $ 0.32       5.67     $ -     $ -  
Vested and Exercisable - June 30, 2021     170,035     $ 0.32       5.67     $ -     $ -  
Unvested and non-exercisable - June 30, 2021     680,141     $ 0.32       5.67     $ -     $ -  
Schedule of Stock-based Compensation

Compensation expense recorded for stock-based compensation is as follows for the six months ended June 30, 2021 and 2020, respectively:

 Schedule of Stock-based Compensation

    Six Months Ended  
    June 30, 2021     June 30, 2020  
                 
Compensation expense   $ 18,587     $ 12,391  

Schedule of Warrants Activity

Warrant activity for the Six Months Ended June 30, 2021 and the Year Ended December 31, 2020 are summarized as follows:

 Schedule of Warrants Activity

Warrants   Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Contractual Term (Years)     Aggregate Intrinsic Value  
Outstanding and exercisable - December 31, 2019     6,849,635     $ 0.71       1.98     $        -  
Exercisable     -       -       -       -  
Granted     3,116,230     $ 0.53       -       -  
Exercised     -       -       -       -  
Cancelled/Forfeited     (250,000 )   $ 0.80       -       -  
Outstanding - December 31, 2020     9,715,865     $ 0.65       1.52     $ -  
Exercisable - December 31, 2020     9,715,865     $ 0.65       1.52     $ -  
                                 
Outstanding - December 31, 2020     9,715,865     $ 0.65       1.52     $ -  
Exercisable - December 31, 2020     9,715,865     $ 0.65       1.52     $ -  
Granted     13,897,500     $ 0.16       -       -  
Exercised     -       -       -       -  
Cancelled/Forfeited     (2,232,500 )   $ 0.47       -       -  
Outstanding - June 30, 2021     21,380,865     $ 0.35       3.48     $ -  
Exercisable - June 30, 2021     21,380,865     $ 0.35       3.48     $ -