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 |
|
|