Annual report pursuant to Section 13 and 15(d)

Share-Based Payments (Tables)

v3.20.1
Share-Based Payments (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Summary of Restricted Common Stock Activity

The following table summarizes restricted common stock activity for the year ended December 31, 2019:

 

    Number of shares     Fair value of shares  
Non-vested shares, January 1, 2019     -     $ -  
Granted     8,000,000       4,000,000  
Vested     (2,250,000 )     (2,317,868 )
Forfeited     -       -  
Non-vested shares, December 31, 2019     5,750,000     $ 1,682,132  

Schedule of Stock Option Activity

A summary of stock option activity during the year ended December 31, 2019 and the nine-month period ended December 31, 2018 is as follows:

 

      Number of warrants     Weighted Average
Exercise Price
    Contractual
Life in Years
 
                     
Options Outstanding and Exercisable as of March 31, 2018       -     $ -       -  
Granted       -     $ -       -  
Exercised       -       -       -  
Expired       -       -       -  
Options Outstanding and Exercisable as of December 31, 2018       -     $ -       -  
Granted       3,290,000       0.23       6.0  
Exercised       -       -       -  
Expired       -       -       -  
Options Outstanding as of December 31, 2019       3,290,000       0.23       6.0  
Options Exercisable as of December 31, 2019       1,800,000     $ 0.23       5.8  

Schedule of Warrant Activity

A summary of warrant activity during the year ended December 31, 2019 and the nine-month period ended December 31, 2018 is as follows:

 

      Number of warrants     Weighted Average
Exercise Price
    Contractual
Life in Years
 
                     
Warrants Outstanding and Exercisable as of March 31, 2018       -     $ -       -  
Granted       3,000,000     $ 0.30       4.00  
Exercised       -       -       -  
Expired       -       -       -  
Warrants Outstanding and Exercisable as of December 31, 2018       3,000,000     $ 0.30       4.00  
Granted       -       -       -  
Exercised       (3,000,000 )   $ 0.30       -  
Expired       -       -       -  
Warrants Outstanding and Exercisable as of December 31, 2019       -     $ -       -