Annual report pursuant to Section 13 and 15(d)

Temporary Equity and Stockholders' Deficiency (Tables)

v3.21.1
Temporary Equity and Stockholders' Deficiency (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Summary of Warrants Activity

A summary of warrant activity during the year ended December 31, 2020 is presented below:

 

    Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Life in Years     Intrinsic Value  
                         
Outstanding, January 1, 2020     37,790     $ 31.67                  
Issued     943,700       5.14                  
Exercised     -       -                  
Cancelled     -       -                  
Expired     (11,663 )     30.41                  
Outstanding, December 31, 2020     969,827     $ 5.87       0.7     $ -  
                                 
Exercisable, December 31, 2020     969,827     $ 5.87       0.7     $ -  
Schedule of Warrants Outstanding and Exercisable

A summary of outstanding and exercisable warrants as of December 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  
                         
$ 5.10     Common Stock     905,362       0.7       905,362  
$ 6.00     Common Stock     38,338       0.9       38,338  
$ 30.00     Common Stock     18,345       0.6       18,345  
$ 37.50     Common Stock     7,782       0.3       7,782  
        Total     969,827       0.7       969,827  
Schedule of Fair Value Assumptions of Stock Option

Assumptions used in applying the Black-Scholes option pricing model during years ended December 31, 2020 and 2019, respectively, are as follows:

 

    For the Years Ended  
    December 31,  
    2020     2019  
             
Risk free interest rate     0.16 - 0.39 %     1.84 - 2.43 %
Expected term (years)     3.6 - 5.0       3.6 - 5.0  
Expected volatility     58.00 %     51.00 - 52.00  %
Expected dividends     0.00 %     0.00 %

Schedule of Stock Option Activity

A summary of GGH stock options activity during the year ended December 31, 2020 is presented below:

 

    Number of Options     Weighted Average Exercise Price     Weighted Average Remaining Life in Years     Intrinsic Value  
                         
Outstanding, January 1, 2020     636,750     $ 13.11                  
Granted     115,681       9.07                  
Exercised     -       -                  
Expired     (86,187 )     17.86                  
Forfeited     (39,665 )     8.80                  
Outstanding, December 31, 2020     626,579     $ 10.54       3.1     $ -  
                                 
Exercisable, December, 2020     283,465     $ 13.70       2.3     $ -  
Schedule of Stock Option Outstanding and Exercisable

The following table presents information related to GGH stock options as of December 31, 2020:

 

Options Outstanding     Options Exercisable  
Exercise Price     Outstanding Number of Options     Weighted Average Remaining Life in Years     Exercisable Number of Options  
                             
$ 5.78       235,998       3.4       81,256  
$ 8.09       85,338       2.7       48,003  
$ 8.85       3,334       -       -  
$ 9.00       10,001       -       -  
$ 9.08       102,346       -       -  
$ 11.55       79,981       2.1       58,210  
$ 16.50       62,908       2.0       49,323  
$ 33.00       46,673       0.7       46,673  
          626,579       2.3       283,465