Quarterly report pursuant to Section 13 or 15(d)

Temporary Equity and Stockholders' Deficiency (Tables)

v3.20.2
Temporary Equity and Stockholders' Deficiency (Tables)
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Summary of Warrants Activity

A summary of warrants activity during the three months ended March 31, 2020 is presented below:

 

    Number of
Warrants		     Weighted
Average
Exercise
Price		     Weighted
Average
Remaining
Life in
Years		     Intrinsic
Value		  
                         
Outstanding, January 1, 2020     566,742     $ 2.11                  
Issued     -       -                  
Exercised     -       -                  
Cancelled     -       -                  
Expired     (28,400 )     2.00                  
Outstanding, March 31, 2020     538,342     $ 2.12       1.0     $ -  
                                 
Exercisable, March 31, 2020     538,342     $ 2.12       1.0     $ -  

Schedule of Warrants Outstanding and Exercisable

A summary of outstanding and exercisable warrants as of March 31, 2020 is presented below:

 

Warrants Outstanding     Warrants Exercisable  
Exercise Price     Exercisable Into   Outstanding
Number of
Warrants		     Weighted
Average
Remaining
Life in Years		     Exercisable
Number of
Warrants		  
                                 
$ 2.00     Common Stock     412,051       1.1       412,051  
$ 2.50     Common Stock     126,291       1.0       126,291  
        Total     538,342               538,342  
Schedule of Fair Value Assumptions of Stock Option

The Company has computed the fair value of options granted during the three months ended March 31, 2019 using the Black-Scholes option pricing model, with the following assumptions used:

 

Risk free interest rate     2.43 %
Expected term (years)     3.6 - 5.0  
Expected volatility     52.00 %
Expected dividends     0.00 %
Schedule of Stock Option Activity

A summary of GGH stock options activity during the three months ended March 31, 2020 is presented below:

 

    Number of
Options		     Weighted
Average
Exercise Price		     Weighted
Average
Remaining
Life in Years		     Intrinsic Value  
                         
Outstanding, January 1, 2020     9,550,640     $ 0.78                  
Granted     -       -                  
Exercised     -       -                  
Expired     (218,750 )     2.11                  
Forfeited     -       -                  
Outstanding, March 31, 2020     9,331,890     $ 0.75       3.3     $ -  
                                 
Exercisable, March 31, 2020     3,173,287     $ 1.23       2.4     $ -  
Schedule of Stock Option Outstanding and Exercisable

The following table presents information related to GGH stock options at March 31, 2020:

 

Options Outstanding     Options Exercisable  
Exercise
Price		     Outstanding
Number of
Options		     Weighted
Average
Remaining
Life in Years		     Exercisable
Number of
Options		  
                     
$ 0.39       4,439,890       3.8       325,000  
$ 0.54       1,500,000       3.5       562,506  
$ 0.77       1,320,000       2.9       660,006  
$ 1.10       1,020,000       2.6       573,775  
$ 2.20       1,042,000       1.1       1,042,000  
$ 3.30       10,000       0.2       10,000  
          9,331,890       2.4       3,173,287