General form of registration statement for all companies including face-amount certificate companies

Stockholders' Equity (Tables)

v3.21.1
Stockholders' Equity (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Equity [Abstract]    
Schedule of Exercise of Shares  

The Company withheld newly acquired shares pursuant to the exercise of the Option. The amount of common stock issued is calculated by using [Number of Options Exercising] minus [Exercise Price] * [Number of Options Exercising] divided by [Prior Close OSAT Market Price]. 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  
     

 

As a result of the exercise 429,800 shares of common stock were issued.

 

    Options
Exercised
    Exercise
Price
    Market
Price
    Shares
withheld as
Payment
    Common
Stock
Issued
 
David Phipps     400,000     $ 0.20     $ 0.25       80,000       320,000  
Other     131,000     $ 0.20     $ 0.25       21,200       109,800  
      531,000                       101,200       429,800  
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, 2021 is as follows:

 

Stock Options

 

    Number of
Options
    Weighted
Average Exercise
Price
    Weighted
Average
Remaining
Contractual
Life
(Years)
 
Balance at January 1, 2021     3,000,044     $ 0.47       9.91  
Granted     -       -       -  
Exercised     -       -       -  
Forfeited     -       -       -  
Cancelled     -       -       -  
Balance outstanding at March 31, 2021     3,000,044     $ 0.47       9.66  
Options exercisable at March 31, 2021     3,000,044     $ 0.47       9.66  

A summary of the status of the Company’s outstanding stock options and changes during the years ended December 31, 2020 and 2019, is as follows:

 

    Number of
Options
    Weighted
Average Exercise
Price
    Weighted
Average
Remaining
Contractual Life
(Years)
 
Balance at January 1, 2019     79,044     $ 9.90       5.56  
Granted     -     $ -       -  
Exercised     (40,000 )   $ 2.41       4.96  
Forfeited     -     $ -       -  
Cancelled     -     $ -       -  
Balance outstanding at December 31, 2019     39,044     $ 17.49       5.16  
Options exercisable at December 31, 2019     39,044     $ 17.49       5.16  
Weighted average fair value of options granted during the period           $ -       -  
                         
Balance at January 1, 2020     39,044     $ 17.49       5.16  
Granted     3,492,000     $ 0.24       9.92  
Exercised     (531,000 )   $ 0.20       9.64  
Forfeited     -     $ -       -  
Cancelled     -     $ -       -  
Balance outstanding at December 31, 2020     3,000,044     $ 0.47       9.91  
Options exercisable at December 31, 2020     3,000,044     $ 0.47       9.91  
Weighted average fair value of options granted during the period           $ 0.24       9.92  

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, 2021 is as follows:

 

    Number of
Warrants
    Weighted
Average Exercise
Price
    Weighted
Average
Remaining
Contractual
Life
(Years)
 
Balance at January 1, 2021     4,000     $ 60.00       0.37  
Granted     -       -       -  
Exercised     -       -       -  
Forfeited     -       -       -  
Cancelled     -       -       -  
Balance outstanding and exercisable at March 31, 2021     4,000     $ 60.00       0.37  

A summary of the status of the Company’s outstanding stock warrants and changes during the years ended December 31, 2020 and 2019, is as follows:

 

    Number of
Warrants
    Weighted
Average Exercise
Price
    Weighted
Average
Remaining
Contractual Life
(Years)
 
Balance at January 1, 2019     4,000     $ 60.00       2.37  
Granted     -       -       -  
Exercised     -       -       -  
Forfeited                        
Cancelled     -       -       -  
Balance at December 31, 2019     4,000     $ 60.00       1.37  
                         
Balance at January 1, 2020     4,000     $ 60.00       1.37  
Granted     -       -       -  
Exercised     -       -       -  
Forfeited     -       -       -  
Cancelled     -       -       -  
Balance outstanding at December 31, 2020     4,000     $ 60.00       0.37