Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.21.2
SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 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 nine months ended September 30, 2021, were as follows:

 

    2021  
Volatility     90.00 %
Risk free rate     0.66 %
Expected term     2.54  
Dividend      
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 December 31, 2020     -     $ -       -  
Granted     450,000     $ 1.38          
Outstanding at September 30, 2021     450,000     $ 1.38       4.8  
Exercisable at September 30, 2021     175,000     $ 2.22       4.8  
Vested and expected to vest at September 30, 2021     450,000     $ 1.38       4.8