Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.20.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of Assumption Used Value of Options

The following table summarizes the parameters of the valuation:

 

Warrants
Term     3  
Volatility     30 %
Annual rate of Quarterly Dividends     0 %
Discount Rate - Bond Equivalent Yield     1.940 %

Summary of Warrants Outstanding

The following table summarize warrants outstanding as of December 31, 2019 and the related changes during the periods are presented below.

 

    Weighted  
Number of   Average  
Warrants   Exercise Price  
       
Balance at December 31, 2017     2,920,000     $ 2.62  
                 
Granted     -       -  
Exercised     -       -  
Expired     (220,000 )     2.00  
                 
Balance at December 31, 2018     2,700,000     $ 2.83  
Granted     40,000       1.00  
Exercised     -       -  
Expired     (2,000,000 )     3.50  
                 
Balance at December 31, 2019     740,000     $ 0.93