General form of registration statement for all companies including face-amount certificate companies

Temporary Equity and Stockholders' Deficiency (Tables)

v3.20.4
Temporary Equity and Stockholders' Deficiency (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Equity [Abstract]    
Summary of Warrants Activity

A summary of warrants activity during the nine months ended September 30, 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     7,653,276       0.34                  
Exercised     -       -                  
Cancelled     -       -                  
Expired     (158,791 )     0.84                  
Outstanding, September 30, 2020     8,061,227     $ 0.43       0.9     $ -  
                                 
Exercisable, September 30, 2020     8,061,227     $ 0.43       0.9     $ -  

A summary of warrant activity during the years ended December 31, 2019 and 2018 is presented below:

 

    Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Life in Years     Intrinsic Value  
                         
Outstanding, December 31, 2017     1,465,296     $ 2.15                  
Issued     -       -                  
Exercised     -       -                  
Cancelled     -       -                  
Expired     (235,666 )     2.30                  
Outstanding, December 31, 2018     1,229,630       2.15                  
Issued     -       -                  
Exercised     -       -                  
Cancelled     (364,639 )     2.12                  
Expired     (298,249 )     2.26                  
Outstanding, December 31, 2019     566,742     $ 2.11       1.2     $ -  
                                 
Exercisable, December 31, 2019     566,742     $ 2.11       1.2     $ -  
Schedule of Warrants Outstanding and Exercisable

A summary of outstanding and exercisable warrants as of September 30, 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  
                         
$ 0.34     Common Stock     7,653,276       1.0       7,653,276  
$ 2.00     Common Stock     281,660       0.9       281,660  
$ 2.50     Common Stock     126,291       0.5       126,291  
        Total     8,061,227               8,061,227  

A summary of outstanding and exercisable warrants as of December 31, 2019 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     440,451       1.2       440,451  
$ 2.50     Common Stock     126,291       1.2       126,291  
        Total     566,742               566,742  
Schedule of Fair Value Assumptions of Stock Option

The Company has computed the fair value of options granted using the Black-Scholes option pricing model. Assumptions used in applying the Black-Scholes option pricing model during the nine months ended September 30, 2020 are as follows:

 

    For the Nine Months Ended  
    September 30,  
    2020     2019  
             
Risk free interest rate     0.16 - 0.26 %     1.84 - 2.43 %
Expected term (years)     3.6 - 5.0       3.6 - 5.0  
Expected volatility     58.00 %     52.00 %
Expected dividends     0.00 %     0.00 %

Assumptions used in applying the Black-Scholes option pricing model during years ended December 31, 2019 and 2018, respectively, are as follows:

 

    For the Years Ended  
    December 31,  
    2019     2018  
Risk free interest rate     1.84 - 2.43 %     2.56 - 2.96 %
Expected term (years)     3.6 - 5.0       3.6-5.0  
Expected volatility     51.0 - 52.0 %     43.5 %
Expected dividends     0.00 %     0.00 %
Schedule of Stock Option Activity

A summary of GGH stock options activity during the nine months ended September 30, 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     1,535,000       0.61                  
Exercised     -       -                  
Expired     (1,287,625 )     1.19                  
Forfeited     (588,429 )     0.59                  
Outstanding, September 30, 2020     9,209,586     $ 0.70       3.3     $             -  
                                 
Exercisable, September 30, 2020     3,839,088     $ 0.95       2.5     $ -  

A summary of GGH stock options activity during the years ended December 31, 2019 and 2018 is presented below:

 

    Number of Options     Weighted Average Exercise Price     Weighted Average Remaining Life in Years     Intrinsic Value  
                         
Outstanding, January 1, 2018     9,234,265     $ 2.18                  
Granted     2,830,000       0.65                  
Exercised     -       -                  
Expired     (2,505,000 )     2.49                  
Forfeited     (60,000 )     1.62                  
Outstanding, December 31, 2018     9,499,265       1.65                  
Granted     4,489,890       0.39                  
Exercised     -       -                  
Expired     (992,375 )     2.38                  
Forfeited     (3,446,140 )     2.20                  
Outstanding, December 31, 2019     9,550,640     $ 0.78       3.5     $ -  
                                 
Exercisable, December 31, 2019     2,827,029     $ 1.43       2.4     $ -  
Schedule of Stock Option Outstanding and Exercisable

The following table presents information related to GGH stock options at September 30, 2020:

 

Options Outstanding     Options Exercisable  
Exercise Price     Outstanding Number of Options     Weighted Average Remaining Life in Years     Exercisable Number of Options  
                     
$ 0.385       3,539,890       3.6       997,474  
$ 0.539       1,290,000       3.0       645,012  
$ 0.605       1,535,000       -       -  
$ 0.770       1,199,690       2.4       807,818  
$ 1.100       945,006       2.1       688,784  
$ 2.200       700,000       1.0       700,000  
          9,209,586       2.5       3,839,088  

The following table presents information related to GGH stock options as of December 31, 2019:

 

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       -       -  
$ 0.54       1,500,000       3.7       468,753  
$ 0.77       1,320,000       3.1       577,506  
$ 1.10       1,038,750       2.9       528,770  
$ 2.20       1,242,000       1.4       1,242,000  
$ 3.30       10,000       0.4       10,000  
          9,550,640       2.4       2,827,029