STOCK WARRANTS STOCK OPTIONS AND RESTRICTED STOCK UNITS (Tables)
|
3 Months Ended |
Mar. 31, 2023 |
|---|
| STOCK WARRANTS STOCK OPTIONS AND RESTRICTED STOCK UNITS |
|
| Schedule of fair value of warrant and stock options granted |
|
|
March 31,
2023
|
|
|
March 31,
2022
|
|
Exercise Price |
|
$1.35 - $2.52 |
|
|
$ |
6.00 |
|
Dividend Yield |
|
|
0% |
|
|
|
0 |
% |
Volatility |
|
162% - 209% |
|
|
|
110 |
% |
Risk-free Interest Rate |
|
4.56% - 4.73% |
|
|
|
2.45 |
% |
Expected Life |
|
1.5 - 2.5 Years |
|
|
7 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, 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 |
|
|
- |
|
|
$ |
- |
|
|
|
|
$ |
- |
|
|
$ |
- |
|
Balance at March 31, 2022 |
|
|
938,090 |
|
|
$ |
1.50 – 9.00 |
|
|
4.14 Years |
|
$ |
6.69 |
|
|
$ |
757,863 |
|
|
|
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, 2022 |
|
|
10,387,877 |
|
|
$ |
1.35 – 9.00 |
|
|
5.11 Years |
|
$ |
1.92 |
|
|
$ |
- |
|
Warrants Granted |
|
|
611,998 |
|
|
$ |
1.35 – 2.52 |
|
|
4.14 Years |
|
$ |
2.09 |
|
|
$ |
79,651 |
|
Warrants Exercised |
|
|
- |
|
|
$ |
- |
|
|
|
|
$ |
- |
|
|
$ |
- |
|
Warrants Expired |
|
|
(183,333 |
) |
|
$ |
9.00 |
|
|
|
|
$ |
9.00 |
|
|
$ |
- |
|
Balance at March 31, 2023 |
|
|
10,816,542 |
|
|
$ |
1.35 – 9.00 |
|
|
4.91 Years |
|
$ |
1.81 |
|
|
$ |
4,436,674 |
|
|
| Schedule of options pricing model |
|
|
March 31,
2023
|
|
|
March 31,
2022
|
|
Exercise Price |
|
$ |
1.88 – 2.32 |
|
|
$ |
8.25 – 9.08 |
|
Dividend Yield |
|
|
0 |
% |
|
|
0 |
% |
Volatility |
|
148%-207 |
% |
|
191%-192 |
% |
Risk-free Interest Rate |
|
4.09-4.40 |
% |
|
0.78%-1.52 |
% |
Expected Term |
|
2.7 - 5.8 Years |
|
|
2.0 – 3.0 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, 2021 |
|
|
1,053,356 |
|
|
$ |
0.79 – 10.74 |
|
|
6.21 Years |
|
|
$ |
3.39 |
|
|
$ |
5,804,517 |
|
Options Granted |
|
|
70,000 |
|
|
8.25 – 9.08 |
|
|
2.04 Years |
|
|
|
8.29 |
|
|
|
- |
|
Options Exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Options Expired/Forfeited |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Balance at March 31, 2022 |
|
|
1,123,356 |
|
|
$ |
0.79 – 10.74 |
|
|
5.71 Years |
|
|
$ |
3.70 |
|
|
$ |
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 |
|
Balance at December 31, 2022 |
|
|
1,103,583 |
|
|
$ |
0.79 - 9.30 |
|
|
5.33 Years |
|
|
$ |
1.71 |
|
|
$ |
- |
|
Options Granted |
|
|
850,000 |
|
|
$ |
1.88 - 2.32 |
|
|
7.91 Years |
|
|
$ |
2.26 |
|
|
|
- |
|
Options Exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Options Expired/Forfeited |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Balance at March 31, 2023 |
|
|
1,953,583 |
|
|
$ |
0.79 - 9.30 |
|
|
6.31 Years |
|
|
$ |
1.95 |
|
|
$ |
521,929 |
|
|
|
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, 2022 |
|
|
930,573 |
|
|
$ |
0.79 - 9.30 |
|
|
5.83 Years |
|
$ |
1.60 |
|
|
$ |
- |
|
Exercisable at March 31, 2023 |
|
|
1,034,181 |
|
|
$ |
0.79 - 9.30 |
|
|
5.50 Years |
|
$ |
1.67 |
|
|
$ |
564,338 |
|
|
| Schedule of RSU activity under the Plan |
|
|
RSUs |
|
|
Weighted Average
Grant Date Fair Value Per Share
|
|
|
Weighted Average
Vesting Period
|
|
Unvested at December 31, 2021 |
|
|
133,585 |
|
|
$ |
8.58 |
|
|
1.00 Years |
|
Granted |
|
|
41,667 |
|
|
|
6.92 |
|
|
0.76 Years |
|
Vested |
|
|
- |
|
|
|
|
|
|
|
|
|
Unvested at March 31, 2022 |
|
|
175,252 |
|
|
$ |
8.17 |
|
|
0.74 Years |
|
|
|
RSUs |
|
|
Weighted Average
Grant Date Fair Value Per Share
|
|
|
Weighted Average
Vesting Period
|
|
Unvested at December 31, 2022 |
|
|
380,000 |
|
|
$ |
2.17 |
|
|
0.74 Years |
|
Granted |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Vested |
|
|
- |
|
|
|
- |
|
|
|
- |
|
Unvested at March 31, 2023 |
|
|
380,000 |
|
|
$ |
2.17 |
|
|
0.74 Years |
|
|