Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Deficit (Tables)

v3.21.1
Stockholders' Deficit (Tables)
3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Restricted Common Stock Activity

The following table summarizes restricted common stock activity for the three months ended March 31, 2021:

 

    Number of shares     Fair value of shares  
Non-vested shares, December 31, 2020     3,250,000       431,411  
Granted     -       -  
Vested     (625,000 )     (160,179 )
Forfeited     -       -  
Non-vested shares, March 31, 2021     2,625,000     $ 271,232  
Schedule of Stock Option Activity

A summary of stock option activity during the three months ended March 31, 2021:

 

    Number of options     Weighted Average
Exercise Price
    Contractual
Life in Years
 
Options Outstanding as of December 31, 2020     4,130,000       0.10       6.0  
Granted     -       0.11       10.0  
Exercised     -       -       -  
Forfeited     (2,805,000 )     -       -  
Options Outstanding as of March 31, 2021     1,325000       0.11       6.5  
Options Exercisable as of March 31, 2021     975,814     $ 0.10       5.5