| STOCK OPTIONS |
NOTE
14 – STOCK OPTIONS
During
the three months ended March 31, 2021, the Company granted five-year
options to purchase up to 1,262,000
shares of common stock at exercise prices ranging
from $0.51
and $0.90
per share. The fair values of these options of
approximately $541,000
in the aggregate are being amortized to compensation
expense over their vesting periods, of which approximately $170,000
was amortized during the three months ended
March 31, 2021. Additionally, compensation expense in the first quarter of 2021 for options issued in previous years, and continuing
to be amortized over their respective vesting periods, approximated $124,000.
During
the three months ended March 31, 2020, no options were granted. Compensation expense in the first quarter of 2021 for options
issued in previous years, and continuing to be amortized over their respective vesting periods, approximated $330,000.
During
the three months ended March 31, 2021 and 2020, options to purchase 50,000 and 30,000 shares of common stock, respectively, were
forfeited or expired, resulting in an aggregate reduction of amortized compensation expense of zero in 2021 and approximately
$19,000 in 2020.
Stock
options outstanding and exercisable as of March 31, 2021 were:
SCHEDULE OF STOCK OPTIONS OUTSTANDING AND EXERCISABLE
| |
|
|
Shares Under Option |
|
|
|
Exercise Price
per Share |
|
|
Outstanding |
|
|
Exercisable |
|
|
Remaining Life
in Years |
| |
$0.140 |
|
|
|
160,000 |
|
|
|
40,000 |
|
|
4.28 |
| |
$0.149 |
|
|
|
500,000 |
|
|
|
500,000 |
|
|
4.76 |
| |
$0.169 |
|
|
|
200,000 |
|
|
|
200,000 |
|
|
4.62 |
| |
$0.210 |
|
|
|
70,000 |
|
|
|
50,000 |
|
|
4.65 |
| |
$0.225 |
|
|
|
2,000,000 |
|
|
|
875,000 |
|
|
4.61 |
| |
$0.250 |
|
|
|
20,000 |
|
|
|
15,000 |
|
|
4.17 |
| |
$0.250 |
|
|
|
50,000 |
|
|
|
- |
|
|
4.57 |
| |
$0.250 |
|
|
|
800,000 |
|
|
|
200,000 |
|
|
4.62 |
| |
$0.250 |
|
|
|
80,000 |
|
|
|
40,000 |
|
|
4.65 |
| |
$0.250 |
|
|
|
50,000 |
|
|
|
50,000 |
|
|
3.92 |
| |
$0.300 |
|
|
|
554,500 |
|
|
|
277,250 |
|
|
4.00 |
| |
$0.417 |
|
|
|
900,000 |
|
|
|
900,000 |
|
|
3.74 |
| |
$0.450 |
|
|
|
125,000 |
|
|
|
125,000 |
|
|
0.51 |
| |
$0.505 |
|
|
|
100,000 |
|
|
|
- |
|
|
4.76 |
| |
$0.505 |
|
|
|
800,000 |
|
|
|
- |
|
|
4.78 |
| |
$0.590 |
|
|
|
15,000 |
|
|
|
15,000 |
|
|
3.69 |
| |
$0.630 |
|
|
|
300,000 |
|
|
|
300,000 |
|
|
0.75 |
| |
$0.770 |
|
|
|
200,000 |
|
|
|
200,000 |
|
|
1.75 |
| |
$0.830 |
|
|
|
287,000 |
|
|
|
71,750 |
|
|
4.98 |
| |
$0.890 |
|
|
|
10,000 |
|
|
|
- |
|
|
4.81 |
| |
$0.892 |
|
|
|
40,000 |
|
|
|
- |
|
|
4.81 |
| |
$0.895 |
|
|
|
25,000 |
|
|
|
- |
|
|
4.82 |
| |
$0.900 |
|
|
|
50,000 |
|
|
|
50,000 |
|
|
2.11 |
| |
$0.910 |
|
|
|
50,000 |
|
|
|
50,000 |
|
|
1.56 |
| |
$0.950 |
|
|
|
50,000 |
|
|
|
50,000 |
|
|
1.75 |
| |
$0.992 |
|
|
|
300,000 |
|
|
|
300,000 |
|
|
3.49 |
| |
$1.000 |
|
|
|
125,000 |
|
|
|
125,000 |
|
|
3.59 |
| |
$1.350 |
|
|
|
100,000 |
|
|
|
75,000 |
|
|
2.33 |
| |
$1.950 |
|
|
|
375,000 |
|
|
|
375,000 |
|
|
2.25 |
| |
$2.320 |
|
|
|
100,000 |
|
|
|
100,000 |
|
|
2.45 |
| |
$2.450 |
|
|
|
2,000,000 |
|
|
|
2,000,000 |
|
|
1.73 |
| |
$2.500 |
|
|
|
100,000 |
|
|
|
100,000 |
|
|
2.41 |
| |
$2.650 |
|
|
|
200,000 |
|
|
|
200,000 |
|
|
2.48 |
| |
$2.850 |
|
|
|
56,250 |
|
|
|
56,250 |
|
|
1.70 |
| |
$2.850 |
|
|
|
100,000 |
|
|
|
100,000 |
|
|
2.70 |
| |
$3.000 |
|
|
|
25,000 |
|
|
|
25,000 |
|
|
2.71 |
| |
$3.725 |
|
|
|
100,000 |
|
|
|
100,000 |
|
|
2.69 |
| |
|
|
|
|
11,017,750 |
|
|
|
7,565,250 |
|
|
|
|