Annual report pursuant to Section 13 and 15(d)

STOCK WARRANTS AND STOCK OPTIONS (Tables)

v3.22.0.1
STOCK WARRANTS AND STOCK OPTIONS (Tables)
12 Months Ended
Dec. 31, 2021
STOCK WARRANTS AND STOCK OPTIONS (Tables)  
Schedule of fair value of non-employee stock/warrants

 

 

December 31, 2021

 

 

December 31, 2020

 

Exercise Price 

 

$

3.00-$2.00

 

 

$

       0.50-$2.00

 

Dividend Yield 

 

 

0 %

 

 

0 %

Volatility 

 

   120%-158

%

 

      153% - 154

%

Risk-free Interest Rate 

 

 0.14%- 0.98

%

 

   0.19% – 0.29

%

Life of Warrants

 

 2-5 Years

 

 

      5 Years

 

 

 

Warrants

Outstanding

Number of

Shares

 

 

Exercise Price Per

Share

 

Weighted Average Remaining Contractual Life

 

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate Intrinsic Value

 

Balance at December 31, 2019

 

 

598,414

 

 

$

        0.13304 -1.039375

 

 

3.97 Years

 

 

$ 0.3592

 

 

$ 1,276,870

 

Warrants Granted

 

 

440,000

 

 

$

       0.50 – 2.00

 

 

4.41 Years

 

 

$ 0.9091

 

 

$ 898,000

 

Warrants Exercised

 

 

(454,097 )

 

$

       0.13304 - 0.15299

 

 

 

 

 

$ 0.1451

 

 

 

 

 

Warrants Expired  

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020

 

 

584,317

 

 

$

0.50 – 2.00

 

 

3.80 Years

 

 

$ 0.9413

 

 

$ 1,173,737

 

 

 

Warrants

Outstanding

Number of

Shares

 

 

Exercise Price Per

Share

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate Intrinsic Value

 

Balance at December 31, 2020

 

 

584,317

 

 

$

       0.50 – 2.00

 

 

3.80 Years

 

$ 0.9413

 

 

$ 1,173,737

 

Warrants Granted

 

 

2,222,012

 

 

$

3.00-2.00

 

 

3.15 Years

 

$ 2.45

 

 

$ 1,152,852

 

Warrants Exercised

 

 

(176,938 )

 

$ 0.50

 

 

 

 

$ 0.50

 

 

 

 

 

Warrants Expired/Forfeited  

 

 

(120,000 )

 

$ 2.00

 

 

 

 

$ 2.00

 

 

 

 

 

Balance at December 31, 2021

 

 

2,509,391

 

 

$

      0.50 – 3.00

 

 

3.04 Years

 

$ 2.26

 

 

$ 1,784,838

 

Schedule of fair value of stock options

 

 

December 31, 2021

 

 

December 31, 2020

 

Exercise Price

 

$

2.77-3.58

 

 

$

1.645-3.30

 

Dividend Yield

 

 

0 %

 

 

0 %

Expected Volatility

 

138%-198

%

 

162%-181

%

Risk-free Interest Rate

 

0.10%-0.79

%

 

0.19%-0.43

%

Expected Life

 

2.7- 6.2 years

 

 

1-2.7 years

 

Schedule of outstanding options

 

 

Options

Outstanding

Number of

Shares

 

 

Exercise Price Per

 Share

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate Intrinsic Value

 

Balance at December 31, 2019

 

 

2,381,240

 

 

$

        0.2634 – 1.039

 

 

      9.00 Years

 

$ 0.2761

 

 

$ 5,238,080

 

Granted

 

 

71,894

 

 

$

1.65-3.30

 

 

2.39 Years

 

$ 2.15

 

 

$ 57,815

 

Exercised

 

 

(45,906 )

 

$

1.039

 

 

 

 

 

 

 

 

 

 

 

Cancelled/Expired/Forfeited

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020

 

 

2,407,228

 

 

$

0.2634 – 3.30

 

 

        7.86 Years

 

$ 0.3359

 

 

$ 6,292,844

 

 

 

Options

Outstanding

Number of

Shares

 

 

  Exercise Price Per

 Share

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average

Exercise Price Per Share

 

 

Aggregate Intrinsic Value

 

Balance at December 31, 2020

 

 

2,407,228

 

 

$

0.2634 – 3.30

 

 

      7.86 Years

 

$ 0.3359

 

 

$ 6,292,844

 

Granted

 

 

1,160,000

 

 

$

2.77 – 3.58

 

 

        3.87 Years

 

$ 3.23

 

 

$ (301,815 )

Exercised

 

 

(73,106 )

 

$ 0.2634

 

 

 

 

$ 0.2634

 

 

 

 

 

Cancelled/Expired/Forfeited

 

 

(334,053 )

 

$

0.2634-3.29

 

 

 

 

$ 2.86

 

 

 

 

 

Balance at December 31, 2021

 

 

3,160,069

 

 

$

0.26342 – 3.58

 

 

        6.21 Years

 

$ 1.13

 

 

$ 5,804,517

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2020

 

 

1,252,474

 

 

$

     0.2634 – 3.300

 

 

  7.4 Years

 

$ 0.3165

 

 

$ 3,299,006

 

Exercisable at December 31, 2021            

 

 

1,906,827

 

 

$

      0.26342 – 3.58

 

 

  6.7 Years

 

$ 0.5287

 

 

$ 4,655,089

 

Restricted Stock Units

 

 

RSUs

 

 

Weighted Average

Grant Date Fair Value Per Share

 

 

Weighted Average

Vesting Period

 

Unvested at December 31, 2019

 

 

-

 

 

$ -

 

 

 

-

 

Granted

 

 

215,000

 

 

$ 2.92

 

 

1.69  Years 

 

Unvested at December 31, 2020

 

 

215,000

 

 

$ 2.92

 

 

1.54  Years

 

Granted

 

 

235,756

 

 

$ 2.84

 

 

1.35  Years

 

Vested

 

 

(50,000 )

 

$ 2.99

 

 

 

 

 

Unvested at December 31, 2021

 

 

400,756

 

 

$ 2.86

 

 

1.00  Years