Annual report pursuant to Section 13 and 15(d)

Shareholders' Deficit (Tables)

v3.21.1
Shareholders' Deficit (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]
Schedule of redemption period
Redemption Period Redemption Percentage
1. The period beginning on the date of the issuance of shares of Series A Preferred Stock and ending on the date which is sixty days following the Issuance Date. 100%
2. The period beginning on the date that is sixty-one days from the Issuance Date and ending ninety days following the Issuance Date. 107%
3. The period beginning on the date that is ninety-one days from the Issuance Date and ending one hundred twenty days following the Issuance Date. 112%
4. The period beginning on the date that is one hundred twenty-one days from the Issuance Date and ending one hundred fifty days following the Issuance Date. 117%
5. The period beginning on the date that is one hundred fifty-one days from the Issuance Date and ending one hundred eighty days following the Issuance Date. 120%
Schedule of nonvested activity

Number of

Non-vested Shares

Weighted Average Grant Date Fair Value
Non-vested, December 31, 2018 5,998,672 $ 0.61
Granted 12,000,000 0.05
Forfeited (323,373 ) (0.59 )
Non-vested, December 31, 2019 17,675,299 0.23
Granted 7,450,000 0.04
Shares vested (1,298,373 ) (0.41 )
Non-vested, December 31, 2020 23,826,926 $ 0.16
Schedule of stock option activities
Number of Options Weighted Average Exercise
Price
Weighted Average Remaining Contractual Term
(Years)
Aggregate Intrinsic
Value
Balance Outstanding, December 31, 2018 11,445,698 $ 0.30
Exercised (3,000,000 ) 0.03
Balance Outstanding, December 31, 2019 8,445,698 0.40
Exercised - -
Balance Outstanding, December 31, 2020 8,445,698 $ 0.40 5.10 $ 48,000
Exercisable, December 31, 2020 8,445,698 $ 0.40 5.10 $ 48,000
Schedule of warrant activities
Number of Warrants Weighted Average Exercise
Price
Weighted Average Remaining Contractual Term
(Years)
Aggregate Intrinsic
Value
Balance Outstanding December 31, 2018 - $ - - $ -
Granted 2,050,000 0.10
Cancelled - -
Balance Outstanding December 31, 2019 2,050,000 $ 0.10 4.66 $ 4,400
Granted 288,750 0.10
Cancelled (288,750 ) (0.10 )
Exercisable, December 31, 2020 2,050,000 $ 0.05 3.66 $ 137,000