Quarterly report pursuant to Section 13 or 15(d)

STOCK WARRANTS, STOCK OPTIONS AND RESTRICTED STOCK UNITS (Tables)

v3.22.2.2
STOCK WARRANTS, STOCK OPTIONS AND RESTRICTED STOCK UNITS (Tables)
6 Months Ended
Jun. 30, 2022
STOCK WARRANTS, STOCK OPTIONS AND RESTRICTED STOCK UNITS (Tables)  
Schedule of fair value of warrant and stock options granted

 

 

June 30,

2022

 

 

June 30,

2021

 

Exercise Price 

 

$ 4.25-6.00

 

 

$ 9.00

 

Dividend Yield 

 

 

0 %

 

 

0 %

Volatility 

 

110–160

%

 

 

158 %

Risk-free Interest Rate 

 

 

2.45-2.89

%

 

 

0.14 %

Life of Warrants

 

5 – 7 Years

 

 

2 Years

 

 

 

June 30,

 2022

 

 

June 30,

2021

 

Exercise Price 

 

$

8.2500 – 9.0750

 

 

$ 8.3100

 

Dividend Yield 

 

 

0 %

 

 

0 %

Volatility 

 

 

191% - 192%

%

 

152%-158

%

Risk-free Interest Rate 

 

 

 0.78% - 1.52

%

 

0.27%-0.34

%

Life of Options

 

 2 – 3 Years

 

 

 2 – 5 Years

 

Schedule of warrant And Option outstanding Stock

 

 

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

 

 

334,167

 

 

$ 9.00

 

 

1.79 Years

 

$ 9.00

 

 

$ 952,375

 

Warrants Exercised

 

 

(58,979 )

 

$ 1.50

 

 

 

 

$ 1.50

 

 

 

 

 

Warrants Expired  

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2021

 

 

469,960

 

 

$ 1.50– 9.00

 

 

2.52 Years

 

$ 7.38

 

 

$ 2,099,093

 

 

 

 

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

 

 

5,372,803

 

 

$ 4.25– 6.00

 

 

4.92 Years

 

$ 4.31

 

 

$ -

 

Warrants Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants Expired/Forfeited  

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2022

 

 

6,209,267

 

 

$ 1.50– 9.00

 

 

4.74 Years

 

$ 4.64

 

 

$ -

 

 

 

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 – 9.9000

 

 

7.45 Years

 

$ 1.4997

 

 

$ 6,302,277

 

Options Granted

 

 

129,167

 

 

 

8.3160 – 10.1310

 

 

2.94 Years

 

 

9.8562

 

 

 

257,540

 

Options Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Cancelled

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Expired/Forfeited  

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2021

 

 

986,576

 

 

$

0.7902 – 10.1310

 

 

7.21 Years

 

$ 2.5938

 

 

$ 9,132,060

 

 

 

 

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

 

 

1.58 Years

 

$ 8.2893

 

 

$ -

 

Options Exercised

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Cancelled

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Expired/Forfeited  

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2022

 

 

1,123,356

 

 

$

0.7903 – 10.7250

 

 

5.46 Years

 

$ 3.7042

 

 

$ -

 

 

 

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 - 10.7400

 

 

6.70 Years

 

$ 1.5861

 

 

$ 4,655,089

 

Exercisable at June 30, 2022           

 

 

846,269

 

 

$

0.7903 – 10.7250

 

 

6.45 Years

 

$ 2.5032

 

 

$ -

 

Restricted Stock Units

 

 

RSUs

 

 

Weighted Average

Grant Date Fair Value Per Share

 

 

Weighted Average

Vesting Period

 

Unvested at December 31, 2020

 

 

71,667

 

 

$ 8.7460

 

 

1.70 Years

 

Granted

 

 

3,333

 

 

 

9.2100

 

 

1.50 Years

 

Vested

 

 

-

 

 

 

 

 

 

 

 

Unvested at June 30, 2021

 

 

75,000

 

 

$ 8.7667

 

 

1.21 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

 

 

0.52 Years

 

Vested

 

 

(16,667 )

 

 

7.50

 

 

 

 

Unvested at June 30, 2022

 

 

158,585

 

 

$ 8.17

 

 

0.49 Years