Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS AND WARRANTS (Details 2)

v3.21.1
STOCK OPTIONS AND WARRANTS (Details 2)
 3 Months Ended
Mar. 31, 2021
USD ($)
Volatility 85.00%
Risk free Rate 1.40%
Dividend Yield 0.00%
Suboptimal Exercise Factor 1.30% [1]
Exit Rate Pre-Vesting 0.00% [2]
Exit Rate Post Vesting 0.00% [3]
Aggregate Grant Date Fair value $ 470,630
Minimum  
Expected Term (in Years) 2 years
Maximum  
Expected Term (in Years) 5 years
[1] The suboptimal exercise factor estimates the value realized by the holder upon exercise of the option and the estimated point at which an option holder would exercise an in-the-money option. The Company estimated the suboptimal factor based on the holder realizing a pre-tax profit of $500,000.
[2] Assumed forfeiture rate for market condition option awards prior to vesting.
[3] Assumed expiration or forfeiture rate for market condition option awards after vesting.