STOCK WARRANTS STOCK OPTIONS AND RESTRICTED STOCK UNITS (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
|---|
| STOCK WARRANTS STOCK OPTIONS AND RESTRICTED STOCK UNITS |
|
| Schedule of fair value of warrant and stock options granted |
|
|
December 31, 2022 |
|
|
December 31, 2021 |
|
Exercise Price |
|
$ |
1.35-$6.00 |
|
|
$ |
9.00-$6.00 |
|
Dividend Yield |
|
|
0 |
% |
|
|
0 |
% |
Volatility |
|
110%-160 |
% |
|
120%-158 |
% |
Risk-free Interest Rate |
|
2.45%-4.62 |
% |
|
0.14%–0.98 |
% |
Life of Warrants |
|
1-7 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(1) |
|
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 |
|
|
13,375,461 |
|
|
$ |
1.35 – 5.3125 |
|
|
4.38 Years |
|
$ |
1.94 |
|
|
$ |
- |
|
Warrants Exercised |
|
|
(3,775,942 |
) |
|
$ |
0.001 – 2.125 |
|
|
|
|
$ |
0.88 |
|
|
|
|
|
Warrants Expired |
|
|
(48,106 |
) |
|
$ |
3.118 |
|
|
|
|
$ |
3.118 |
|
|
|
|
|
Balance at December 31, 2022 |
|
|
10,387,877 |
|
|
$ |
1.35 – 9.00 |
|
|
5.11 Years |
|
$ |
1.56 |
|
|
$ |
- |
|
|
| Weighted Average Remaining Contractual Life calculations |
|
|
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 |
|
$ |
2.8239 |
|
|
$ |
1,173,737 |
|
Warrants Granted |
|
|
740,671 |
|
|
$ |
9.00-6.00 |
|
|
3.15 Years |
|
$ |
7.3500 |
|
|
$ |
1,152,852 |
|
Warrants Exercised |
|
|
(58,979 |
) |
|
$ |
1.50 |
|
|
|
|
$ |
1.5000 |
|
|
|
|
|
Warrants Expired/Forfeited |
|
|
(40,000 |
) |
|
$ |
6.00 |
|
|
|
|
$ |
6.0000 |
|
|
|
|
|
Balance at December 31, 2021 |
|
|
836,464 |
|
|
$ |
1.50 – 9.00 |
|
|
3.04 Years |
|
$ |
6.7800 |
|
|
$ |
1,784,838 |
|
|
| Schedule of options pricing model |
|
|
December 31, 2022 |
|
|
December 31, 2021 |
|
Exercise Price |
|
$ |
1.54-9.075 |
|
|
$ |
8.316-10.725 |
|
Dividend Yield |
|
|
0% |
|
|
|
0% |
|
Volatility |
|
89%-192% |
|
|
138%-198% |
|
Risk-free Interest Rate |
|
0.78%-4.01% |
|
|
0.10%-0.79% |
|
Expected Life |
|
1-3 years |
|
|
2.7-6.2 years |
|
|
| Schedule of outstanding stock 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 |
|
|
802,409 |
|
|
$ |
0.79 - 9.90 |
|
|
7.86 Years |
|
$ |
1.01 |
|
|
$ |
6,292,844 |
|
Options Granted |
|
|
386,667 |
|
|
$ |
8.31 - 10.74 |
|
|
3.87 Years |
|
$ |
9.69 |
|
|
$ |
- |
|
Options Exercised |
|
|
(24,369 |
) |
|
$ |
0.79 |
|
|
|
|
$ |
0.79 |
|
|
|
|
|
Options Cancelled |
|
|
(79,085 |
) |
|
$ |
0.79 - 9.87 |
|
|
|
|
$ |
8.70 |
|
|
|
|
|
Options Expired/Forfeited |
|
|
(32,266 |
) |
|
$ |
0.79 - 9.87 |
|
|
|
|
$ |
8.29 |
|
|
|
|
|
Balance at December 31, 2021 |
|
|
1,053,356 |
|
|
$ |
0.79 - 10.74 |
|
|
6.21 Years |
|
$ |
3.40 |
|
|
$ |
5,804,517 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable at December 31, 2021 |
|
|
635,610 |
|
|
$ |
0.79 - 10.74 |
|
|
6.7 Years |
|
$ |
1.59 |
|
|
$ |
4,655,089 |
|
|
|
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 |
|
|
$ |
0.79 - 10.74 |
|
|
6.21 Years |
|
$ |
3.40 |
|
|
$ |
5,804,517 |
|
Options Granted |
|
|
120,000 |
|
|
$ |
1.54 - 9.08 |
|
|
3.42 Years |
|
$ |
5.79 |
|
|
$ |
- |
|
Options Exercised |
|
|
(48,106 |
) |
|
$ |
0.79 |
|
|
|
|
$ |
0.79 |
|
|
|
|
|
Options Cancelled |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options Expired/Forfeited |
|
|
(21,667 |
) |
|
$ |
4.94 - 10.73 |
|
|
|
|
$ |
9.33 |
|
|
|
|
|
Balance at December 31, 2022 |
|
|
1,103,583 |
|
|
$ |
0.79 - 9.30 |
|
|
5.33 Years |
|
$ |
1.71 |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable at December 31, 2022 |
|
|
930,573 |
|
|
$ |
0.79 - 9.30 |
|
|
5.83 Years |
|
$ |
1.60 |
|
|
$ |
- |
|
|
| Schedule of RSU activity under the Plan |
|
|
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 |
|
|
78,585 |
|
|
$ |
8.52 |
|
|
|
1.35 Years |
|
Vested |
|
|
(16,667) |
|
|
$ |
8.97 |
|
|
|
|
Unvested at December 31, 2021 |
|
|
133,585 |
|
|
$ |
8.58 |
|
|
|
1.00 Years |
|
Granted |
|
|
421,667 |
|
|
$ |
2.64 |
|
|
|
0.76 Years |
|
Vested |
|
|
(175,252 |
) |
|
$ |
8.17 |
|
|
|
|
|
Unvested at December 31, 2022 |
|
|
380,000 |
|
|
$ |
2.17 |
|
|
|
0.74 Years |
|
|