Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.20.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Schedule of Stock Option Cancelled

The number of options cancelled to our officers and directors were as follows:

 

David Phipps, President, CEO, and Director     (5,000 )
Theresa Carlise, CFO     (2,500 )
Hector Delgado, Director     (1,250 )

Schedule of Exercise of Shares

As a result of the exercise 21,619 shares of common stock were issued.

 

    Options
Exercised
    Exercise
Price
    Market
Price
    Shares
withheld as
Payment
    Common
Stock
Issued
 
David Phipps     21,667     $ 2.55     $ 5.25       10,524       11,143  
Other     18,333     $ 2.25     $ 5.25       7,857       10,476  
      40,000                       18,381       21,619  

Schedule of Outstanding Stock Options Activities

A summary of the status of the Company’s outstanding stock options and changes during the three months ended March 31, 2020 is as follows:

 

    Number of
Options
    Weighted
Average Exercise
Price
    Weighted
Average
Remaining
Contractual
Life
(Years)
 
Balance at January 1, 2020     39,044     $ 17.49       5.16  
Granted     -       -       -  
Exercised     -       -       -  
Forfeited     -       -       -  
Cancelled     -       -       -  
Balance outstanding at March 31, 2020     39,044     17.49       4.91  
Options exercisable at March 31, 2020     39,044                  

Schedule of Outstanding Stock Warrants Activities

A summary of the status of the Company’s outstanding warrants and changes during the three months ended March 31, 2020 is as follows:

 

    Number of
Warrants
    Weighted
Average Exercise
Price
    Weighted
Average
Remaining
Contractual
Life
(Years)
 
Balance at January 1, 2020     4,000     $ 60.00       1.37  
Granted     -       -       -  
Exercised     -       -       -  
Forfeited     -       -       -  
Cancelled     -       -       -  
Balance outstanding and exercisable at March 31, 2020     4,000     $ 60.00       1.12