STOCK WARRANTS AND STOCK OPTIONS (Details Narrative) - USD ($)
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1 Months Ended |
12 Months Ended |
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May 04, 2020 |
Aug. 08, 2019 |
Nov. 30, 2020 |
Dec. 31, 2021 |
Dec. 31, 2020 |
Jan. 12, 2022 |
Oct. 31, 2021 |
Sep. 30, 2021 |
Sep. 28, 2021 |
Aug. 17, 2021 |
May 31, 2021 |
Mar. 31, 2021 |
Oct. 31, 2020 |
Jun. 05, 2020 |
Oct. 25, 2019 |
Oct. 24, 2019 |
Jan. 25, 2019 |
Number Of Warrants Outstanding |
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48,106
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48,106
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48,106
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Exercise Price Of Warrants |
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$ 3.118125
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Convertible Preferred Stock Shares Sold |
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1,000,000
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Investor Relationship Service, Description |
Under the terms of the agreement, the Company issued warrants to purchase up to 40,000 shares of our common stock at an exercise price of $6.00 per share. The warrants expire five years after the date of issuance. Approximately $220,000 of expense was recognized for the warrants issued for the services provide by the vendor.
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Under the terms of the agreement, the Company issued warrants to purchase up to 120,000 shares of our common stock at an exercise price of $2.00 per share. The warrants expire five years after the date of issuance. Approximately $220,000 of expense was recognized for the warrants issued for the services provide by the vendor.
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Warrants Purchased |
106,667
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250,000
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Warrants Exercise Price |
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$ 1.50
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General And Administrative Expense |
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$ 3,882,706
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$ 2,003,107
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Stock-based Compensation Expense |
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473,748
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273,443
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Restricted Stock Units [Member] |
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Total Compensation Cost Not Yet Recognized |
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932,493
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Common Stock Issued For Rsus Vested |
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16,667
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Granted Service-based Rsus |
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55,000
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Performance Based Rsus |
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50,000
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Performance Based Rsus Vesting Period |
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In November 2020, the Company granted 16,667 performance based RSUs to a consultant vesting over a period of one year.
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Granted Service Based Rsus To Executive Officer |
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16,667
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41,919
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3,333
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Granted Service Based Rsus To Legal Counsel |
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50,000
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Stock-based Compensation Expense |
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364,057
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Weighted Average Fair Value Of Rsus Granted |
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$ 669,750
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$ 626,800
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Outstanding Executive Officers Stock Options Exercisable |
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832,482
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689,517
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Outstanding Executive Officers Stock Options Exercisable Per Share |
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$ 10.14
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$ 0.79023
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Weighted Average Remaining Contractual Life |
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6 years 10 months 24 days
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8 years 8 months 12 days
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Remaining Weighted Average Vesting Period |
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1 year
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Unvested Rsus Granted To Executive Officers |
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61,919
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Options Acquire Shares Of Common Stock |
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8,018
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Options Acquire Shares Of Common Stock Exercise Price |
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$ 0.2635
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Options Acquire Shares Of Common Stock Exercise Price Description |
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The stock options have an exercise price of $0.7905 and vest quarterly over a one-year period commencing January 1, 2020. The stock options have a five-year term.
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Vested Options Exercised |
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8,018
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Options To Acquire Shares Of Common Stock |
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8,018
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Options To Acquire Shares Of Common Stock Exercise Price |
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$ 0.7905
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Options To Acquire Shares Forfeited |
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8,018
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Restricted Stock Units [Member] | Officer [Member] |
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Stock Options Vested |
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254,783
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137,191
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Stock Options Acquire Shares Of Common Stock |
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352,776
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Stock Options Acquire Shares Of Common Stock Exercise Price |
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$ 0.7905
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Employment Agreement Term |
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The stock options vest in 36 equal monthly installments of 9,799 shares during the term of his Employment Agreement.
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Rsus Granted |
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20,959
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Rsus Granted Per Share |
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$ 8.85
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Restricted Stock Units [Member] | Chief Revenue Officer [Member] |
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Stock Options To Acquire Shares Of Common Stock |
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240,529
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Stock Options Vested |
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253,892
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173,715
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Rsus Granted |
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20,959
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Stock Options To Acquire Shares Of Common Stock Per Share |
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$ 0.7905
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Additional Option Shares |
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80,176
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Pre-vesting Option Shares |
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66,813
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Pre-vesting Option Shares Remaining |
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13,363
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Weighted Average Fair Value Grant Date |
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$ 8.85
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Employment Agreement Description |
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The stock options vest in 36 equal monthly installments of 6,681 shares during the three-year term of his Employment Agreement.
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Restricted Stock Units [Member] | Executive Vice President [Member] |
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Stock Options To Acquire Shares Of Common Stock |
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33,333
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33,333
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Stock Options Vested |
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12,500
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Stock Options To Acquire Shares Of Common Stock Per Share |
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$ 9.21
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Stock Options To Acquire Shares Of Common Stock Rsu |
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16,667
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Weighted Average Fair Value At Grant Date |
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$ 8.40
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Stock Options To Acquire Share Of Common Stock Per Share |
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$ 3.38
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Stock Options To Acquire Share Of Common Stock Excercise |
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$ 10.14
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Stock Options To Acquire Share Of Common Stock Rsu |
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3,333
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Weighted Average Fair Value Per Share |
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$ 10.14
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Restricted Stock Units [Member] | Executive Vice Presidentof Salesand Marketingand Revenue Officer [Member] |
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Stock Options Vested |
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10,417
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Options To Acquire Shares Of Common Stock |
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83,333
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Options To Acquire Shares Of Common Stock Exercise Price |
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$ 9.21
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Total Compensation Cost Not Yet Recognized Period For Recognition |
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1 year
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Stock Warrant [Member] |
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Number Of Warrants Outstanding |
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47,687
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106,667
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Common Stock Purchase |
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406,504
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334,167
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Common Stock Purchase Per Share |
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$ 6
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$ 9
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Outstanding Balance Of All Non-employee Stock Warrants |
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836,464
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194,772
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Non-employee Detached Free-standing Stock Warrants Granted |
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740,671
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146,667
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Fair Value Of Non-employee Stock Warrants Granted |
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$ 1,939,756
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$ 915,124
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Common Stock For Issuance Stock Options And Restricted Stock Units |
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1,282,823
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Number Of Authorized Shares |
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1,282,823
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Authorization Of Shares Of Common Stock |
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1,733,333
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Stock Options [Member] |
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Stock Options To Acquire Shares Of Common Stock |
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1,036,587
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840,641
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Vested Shares |
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618,840
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400,723
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Non-vested Shares |
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417,747
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439,918
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Granted Stock Options To Acquire Shares Of Common Stock |
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386,667
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Common Stock Exercise Prices Range |
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$8.31 to $10.74
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Stock Options Vest |
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over 6 months to 3-year terms
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Fair Value Of Options Granted |
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$ 3,074,000
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Stock Options Vested |
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42,227
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General And Administrative Expense |
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$ 723,261
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$ 239,478
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Unrecognized Compensation Expense |
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$ 2,200,000
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Share-based Awards To Be Recognized |
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five months to three years
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