STOCK WARRANTS AND STOCK OPTIONS (Tables)
|
3 Months Ended |
Mar. 31, 2022 |
|---|
| STOCK WARRANTS AND STOCK OPTIONS (Tables) |
|
| Schedule of fair value of non-employee stock/warrants |
|
|
March 31,
2022
|
|
|
March 31,
2021
|
|
Exercise Price |
|
$ |
6.00 |
|
|
$ |
9.00 |
|
Dividend Yield |
|
|
0 |
% |
|
|
0 |
% |
Volatility |
|
|
110 |
% |
|
|
158 |
% |
Risk-free Interest Rate |
|
|
2.45 |
% |
|
|
0.14 |
% |
Life of Warrants |
|
7 Years |
|
|
2 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, 2020 |
|
|
194,772 |
|
|
$ |
1.50 – 6.00 |
|
|
3.80 Years |
|
$ |
2.82 |
|
|
$ |
1,173,737 |
|
Warrants Granted |
|
|
183,333 |
|
|
$ |
6.00 |
|
|
1.96 Years |
|
$ |
9.00 |
|
|
$ |
66,000 |
|
Warrants Exercised |
|
|
(58,979 |
) |
|
$ |
1.50 |
|
|
0.50 Years |
|
$ |
1.50 |
|
|
|
|
|
Warrants Expired |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at March 31, 2021 |
|
|
319,126 |
|
|
$ |
1.50 – 6.00 |
|
|
2.52 Years |
|
$ |
6.62 |
|
|
$ |
875,493 |
|
|
|
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, 2021 |
|
|
836,464 |
|
|
$ |
1.50 – 9.00 |
|
|
3.04 Years |
|
$ |
6.78 |
|
|
$ |
1,784,838 |
|
Warrants Granted |
|
|
101,626 |
|
|
$ |
6.00 |
|
|
7.00 Years |
|
$ |
6.00 |
|
|
$ |
152,439 |
|
Warrants Exercised |
|
|
- |
|
|
$ |
- |
|
|
|
|
$ |
- |
|
|
$ |
- |
|
Warrants Expired/Forfeited |
|
|
- |
|
|
$ |
- |
|
|
|
|
$ |
- |
|
|
$ |
- |
|
Balance at March 31, 2022 |
|
|
938,090 |
|
|
$ |
1.50 – 9.00 |
|
|
4.14 Years |
|
$ |
6.69 |
|
|
$ |
757,863 |
|
|
| Schedule of fair value of stock options |
|
|
March 31,
2022
|
|
|
March 31,
2021
|
|
Exercise Price |
|
$ |
8.25 – 9.0750 |
|
|
|
- |
|
Dividend Yield |
|
|
0 |
% |
|
|
- |
|
Volatility |
|
191%-192 |
% |
|
|
- |
|
Risk-free Interest Rate |
|
0.78%-1.52 |
% |
|
|
- |
|
Life of Warrants |
|
2 – 3 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, 2020 |
|
|
857,409 |
|
$ |
0.7902 – 9.90 |
|
7.45 Years |
|
$ |
1.4997 |
|
|
$ |
6,302,277 |
|
Options Granted |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Options Exercised |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Options Expired |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at March 31, 2021 |
|
|
857,409 |
|
$ |
0.7902 – 9.90 |
|
7.21 Years |
|
$ |
1.4497 |
|
|
$ |
6,739,385 |
|
|
|
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, 2021 |
|
|
1,053,356 |
|
$ |
0.7903 – 10.74 |
|
6.21 Years |
|
$ |
3.3900 |
|
|
$ |
5,804,517 |
|
Options Granted |
|
|
70,000 |
|
$ |
8.25 – 9.0750 |
|
2.04 Years |
|
$ |
8.2893 |
|
|
$ |
- |
|
Options Exercised |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Options Expired/Forfeited |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at March 31, 2022 |
|
|
1,123,356 |
|
$ |
0.7903 – 10.7250 |
|
5.71 Years |
|
$ |
3.7042 |
|
|
$ |
2,014,970 |
|
|
|
Options
Outstanding
Number of
Shares
|
|
|
Exercise Price Per
Share
|
|
Weighted Average Remaining Contractual Life |
|
Weighted Average
Exercise Price Per Share
|
|
|
Aggregate Intrinsic Value |
|
Exercisable at December 31, 2021 |
|
|
635,609 |
|
$ |
0.7903 - 10.74 |
|
6.7 Years |
|
$ |
1.5861 |
|
|
$ |
4,655,089 |
|
Exercisable at March 31, 2022 |
|
|
695,973 |
|
$ |
0.7903 – 10.73 |
|
4.16 Years |
|
$ |
2.1692 |
|
|
$ |
3,710,124 |
|
|
| Restricted Stock Units |
|
|
RSUs |
|
|
Weighted Average
Grant Date Fair Value Per Share
|
|
|
Weighted Average
Vesting Period
|
|
Unvested at December 31, 2020 |
|
|
71,667 |
|
|
$ |
8.75 |
|
|
1.70 Years |
|
Granted |
|
|
- |
|
|
|
|
|
|
|
|
Vested |
|
|
- |
|
|
|
|
|
|
|
|
Unvested at March 31, 2021 |
|
|
71,667 |
|
|
$ |
8.75 |
|
|
1.45 Years |
|
|
|
RSUs |
|
|
Weighted Average
Grant Date Fair Value Per Share
|
|
|
Weighted Average
Vesting Period
|
|
Unvested at December 31, 2021 |
|
|
133,585 |
|
|
$ |
8.56 |
|
|
0.97 Years |
|
Granted |
|
|
41,667 |
|
|
|
6.92 |
|
|
1.01 Years |
|
Vested |
|
|
- |
|
|
|
|
|
|
|
|
Unvested at March 31, 2022 |
|
|
175,252 |
|
|
$ |
8.17 |
|
|
0.74 Years |
|
|