Annual report pursuant to Section 13 and 15(d)

5. Equity (Details - Assumptions)

v3.20.1
5. Equity (Details - Assumptions)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Equity [Abstract]    
Fair value of common stock on measurement date $2.00 to $4.00 per share $1.50 per share
Risk free interest rate minimum [1] 1.74% 2.50%
Risk free interest rate maximum [1] 2.00% 2.88%
Volatility minimum [2] 102.55% 106.40%
Volatility maximum [2] 106.71% 106.90%
Dividend yield [3] 0.00% 0.00%
Expected term (in years) 10 years 10 years
[1] The risk-free interest rate was determined by management using the market yield on U.S. Treasury securities with comparable terms as of the measurement date.
[2] The trading volatility was determined by calculating the volatility of the Company's peer group.
[3] The Company does not expect to pay a dividend in the foreseeable future.