Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.22.2.2
STOCK BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK OPTION ACTIVITY

The following table presents the Company’s stock option activity for employees and directors of the Company during the periods of nine months ended September 30, 2022 and 2021:

 

   

Number of

Options

   

Weighted Average

Exercise Price

 
    Unaudited     Unaudited  
Outstanding as of January 1, 2022     16,295,083       0.040  
Granted     -       -  
Forfeited or expired     -       -  
Outstanding as of March 31, 2022     16,295,083       0.040  
Granted     -       -   
Forfeited or expired     -       -   
Outstanding as of June 30, 2022     16,295,083       0.040  
Granted     -       -
Forfeited or expired     -       -  
Outstanding as of September 30, 2022     16,295,083       0.040  
Exercisable as of September 30, 2022     3,768,033       0.050  
                 
Outstanding as of January 1, 2021     3,682,818       0.663  
Granted     -       -  
Forfeited or expired     (1,137,735 )     0.003  
Outstanding as of March 31, 2021     2,545,083       0.095  
Granted     -       -   
Forfeited or expired     -       -   
Outstanding as of June 30, 2021     2,545,083       0.095  
Granted     13,750,000       0.030
Forfeited or expired     -       -   
Outstanding as of September 30, 2021     16,295,083       0.040  
SCHEDULE OF RESTRICTED STOCK UNITS

 

    Number of RSU’s  
    Unaudited  
Outstanding as of January 1, 2022     41,967,152  
Granted     10,000,000  
Vested     (3,782,699 )
Forfeited or expired     -  
Outstanding as of March 31, 2022     48,184,453  
Granted     -  
Vested     (7,220,199 )
Outstanding as of June 30, 2022     40,964,254  
Granted     14,000,000  
Vested     (8,845,199 )
Outstanding as of September 30, 2022     46,119,055  
Weighted average grant date fair value of restricted stock awards granted during the period     0.022  
         
Outstanding as of January 1, 2021     9,687,500  
Granted     -  
Vested     (1,562,500 )
Forfeited or expired     -  
Outstanding as of March 31, 2021     8,125,000  
Granted     -  
Vested     (1,562,500 )
Forfeited or expired     -  
Outstanding as of June 30, 2021     6,562,500  
Granted     31,034,483  
Vested     (1,562,500 )
Forfeited or expired     -  
Outstanding as of June 30, 2021     36,034,483