Annual report pursuant to Section 13 and 15(d)

Temporary Equity and Stockholders' Deficiency (Tables)

v3.20.1
Temporary Equity and Stockholders' Deficiency (Tables)
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Summary of Warrants Activity

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 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

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 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 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