STOCK OPTIONS AND WARRANTS

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

4. STOCK OPTIONS AND WARRANTS

Stock Options

During the year ended December 31, 2023 and 2022, the Company granted stock options in the amount of 155,000,000, and 455,000,000, respectively. (See Note 2).

SCHEDULE OF STOCK OPTIONS

	12/31/2023					12/31/2022
	Number of Options			Weighted average exercise price		Number of Options			Weighted average exercise price
Outstanding as of the beginning of the periods		455,000,000		$	0.0210		465,950,000		$	0.0350
Granted		155,000,000		$	0.0126		455,000,000		$	0.0210
Exercised		-			-		-			-
Expired/Cancelled		(50,000,000	)	$	0.021		(465,950,000	)		(0.0350	)
Outstanding as of the end of the periods		560,000,000		$	0.0172		455,000,000		$	0.0210
Exercisable as of the end of the periods		416,388,889		$	0.0204		424,547,787		$	0.0296

NEWHYDROGEN, INC.

NOTES TO FINANCIAL STATEMENTS – AUDITED

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

4.	STOCK OPTIONS AND WARRANTS (Continued)

The weighted average remaining contractual life of options outstanding as of December 31, 2023 and 2022 was as follows:

12/31/2023								12/31/2022
Exercisable Price		Stock Options Outstanding		Stock Options Exercisable		Weighted Average Remaining Contractual Life (years)		Exercisable Price		Stock Options Outstanding		Stock Options Exercisable		Weighted Average Remaining Contractual Life (years)
$	0.0137		50,000,000		12,500,000		6.22	$	-		-		-		-
$	0.0126		5,000,000		972,222		9.42	$	-		-		-		-
$	0.0121		100,000,000		-		6.46	$	-		-		-		-
$	0.0223		5,000,000		2,916,667		8.21	$	0.223		5,000,000		1,328767		9.21
$	0.0210		400,000,000		400,000,000		5.28	$	0.028		450,000,000		423,219,020		6.28
			560,000,000		416,388,889						455,000,000		424,547,787

The stock-based compensation expense recognized in the statement of operations during the years ended December 31, 2023 and 2022, were $2,007,180 and $10,269,548, respectively.

As of December 31, 2023, there was no intrinsic value with regards to the outstanding options.

Warrants

As of December 31, 2023, the Company issued no common stock purchase warrants during the year ended December 31, 2023. During the year ended December 31, 2022, the Company issued 5,000,000 common stock purchase warrants through a securities purchase agreement for a purchase price of $1,000.

As of December 31, 2023 and 2022, the outstanding warrants were as follows:

SCHEDULE OF WARRANTS ACTIVITY

	12/31/2023				12/31/2022
	Number of Options		Weighted average exercise price		Number of Options		Weighted average exercise price
Outstanding as of the beginning of the periods		228,958,334	$	0.0483		223,958,334	$	0.0488
Granted		-		-		-		-
Purchased		-		-		5,000,000	$	0.0255
Outstanding as of the end of the periods		228,958,334	$	0.0483		228,958,334	$	0.0483
Exercisable as of the end of the periods		228,958,334				228,958,334

NEWHYDROGEN, INC.

NOTES TO FINANCIAL STATEMENTS – AUDITED

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

4.	STOCK OPTIONS AND WARRANTS (Continued)

The weighted average remaining contractual life of the warrants outstanding as of December 31, 2023 was as follows:

SCHEDULE OF WARRANTS OUTSTANDING

12/31/2023
Exercisable Price		Stock Warrants Outstanding		Stock Warrants Exercisable		Weighted Average Remaining Contractual Life (years)
$	0.0255		5,000,000		5,000,000		3.21
$	0.04		125,000,000		125,000,000		2.27
$	0.05		9,375,000		9,375,000		2.26
$	0.06		83,333,334		83,333,334		2.58
$	0.075		6,250,000		6,250,000		2.58
			228,958,334		228,958,334

There was no warrant compensation recognized as of December 31, 2023.

NewHydrogen, Inc. 10-K