Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Deficit (Tables)

v3.22.2.2
Stockholders’ Deficit (Tables)
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of Concerning Options and Warrants Outstanding and Exercisable

The following table summarizes information concerning options and warrants outstanding and exercisable:

    Stock Options     Warrants              
    Weighted
Average
    Weighted
Average
             
    Shares     price
per
share
    Shares     price
per
share
    Shares     Total
Exercisable
 
Balance outstanding, December 31, 2021     1,333,101     $ 0.72       16,207,108     $ 3.50       17,540,209       17,308,567  
Granted     -       -       230,000       3.50       230,000       -  
Exercised     (25,279 )     0.69       -       -       (25,279 )     -  
Expired/forfeited     -       -       (149,172 )   $ 3.50       (149,172 )     -  
Balance outstanding, June 30, 2022     1,307,822     $ 0.72       16,287,936     $ 3.50       17,595,758       17,475,939  
Schedule of Loans Obligated to Issue Shares

As profiled in the following table, for five loans we are obligated to issue common stock if not paid by defined dates.

 

    Loan Issuance   Loan     Percentage of Loan     Defined   Shares Issuable
Loan   Date   Principal     Principal Issuable     Date   Frequency
                         
Loan 1   July 21, 2020   $ 115,000       0.0435 %   September 30, 2020   Monthly
Loan 2   September 21, 2020   $ 345,000       0.0362 %   November 16, 2020   Weekly
Loan 3   October 22, 2020   $ 115,000       0.0652 %   December 1, 2020   Weekly
Loan 4   October 21, 2021   $ 189,750       0.0435 %   January 2, 2022   Monthly
Loan 5   November 1, 2021   $ 189,750       0.0435 %   January 2, 2022   Monthly