Temporary Equity and Stockholders' Deficiency (Tables)
|
9 Months Ended |
Sep. 30, 2020 |
|---|
| 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 |
|
|
$ |
- |
|
|
| 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 |
|
|
| 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 |
% |
|
| 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 |
|
|
$ |
- |
|
|
| 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 |
|
|