Annual report pursuant to Section 13 and 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.22.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2021
Compensation Related Costs [Abstract]  
SCHEDULE OF STOCK OPTIONS FAIR VALUE ASSUMPTIONS

The assumptions used in the Black-Scholes option pricing model to determine the fair value of share-based awards granted to employees during the year ended December 31, 2021 were as follows:

 

Volatility     90.00 %
Risk free rate     0.66 %
Expected term     2.54 years  
Dividend yield     %
SCHEDULE OF STOCK OPTIONS ACTIVITY

The following table summarizes the share-based award activity for the periods presented:

    Number of Options     Weighted
Average
Exercise Price
Per
Share
    Weighted
Average
Remaining
Contractual
Term
(years)
 
Outstanding at January 1, 2020     -     $ -       -  
Granted     450,000     $ 1.38          
Outstanding at December 31, 2021     450,000     $ 1.38       4.6  
Exercisable at December 31, 2021     175,000     $ 2.22       4.6  
Vested and expected to vest at December 31, 2021     450,000     $ 1.38       4.6