STOCK WARRANTS STOCK OPTIONS AND RESTRICTED STOCK UNITS (Tables)
|
9 Months Ended |
Sep. 30, 2023 |
|---|
| STOCK WARRANTS STOCK OPTIONS AND RESTRICTED STOCK UNITS |
|
| Schedule of fair value of warrant and stock options granted |
|
|
September 30,
2023
|
|
|
September 30,
2022
|
|
Exercise Price |
|
$ |
1.35 - 2.52 |
|
|
$ |
1.35 - 6.00 |
|
Dividend Yield |
|
|
0 |
% |
|
|
0 |
% |
Volatility |
|
162-209 |
% |
|
110-160 |
% |
Risk-free Interest Rate |
|
4.56-4.73 |
% |
|
2.45-3.88 |
% |
Expected Term |
|
1.5 - 2.5 Years |
|
|
3 - 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 |
|
|
13,315,461 |
|
|
$ |
1.35 – 5.31 |
|
|
|
- |
|
|
$ |
1.94 |
|
|
$ |
9,896,694 |
|
Warrants Exercised |
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
Warrants Expired |
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
Balance at September 30, 2022 |
|
|
14,151,925 |
|
|
$ |
1.35 – 9.00 |
|
|
5.66 Years |
|
|
$ |
1.62 |
|
|
$ |
14,934,593 |
|
|
|
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 |
|
|
|
- |
|
|
$ |
2.09 |
|
|
$ |
- |
|
Warrants Exercised |
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
Warrants Expired |
|
|
(334,166 |
) |
|
$ |
9.00 |
|
|
|
- |
|
|
$ |
9.00 |
|
|
$ |
- |
|
Balance at September 30, 2023 |
|
|
10,665,709 |
|
|
$ |
1.35 – 5.31 |
|
|
4.48 Years |
|
|
$ |
1.71 |
|
|
$ |
- |
|
|
| Schedule of options pricing model |
|
|
September 30,
2023
|
|
|
September 30,
2022
|
|
Exercise Price |
|
$ |
1.36 – 2.32 |
|
|
$ |
8.25 – 9.08 |
|
Dividend Yield |
|
|
0 |
% |
|
|
0 |
% |
Volatility |
|
|
143%-207 |
% |
|
|
191%-192 |
% |
Risk-free Interest Rate |
|
|
4.09-4.69 |
% |
|
|
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 |
|
|
- |
|
|
$ |
8.29 |
|
|
$ |
- |
|
Options Exercised |
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
Options Expired/Forfeited |
|
|
(21,667 |
) |
|
$ |
4.94 – 10.73 |
|
|
|
- |
|
|
$ |
9.33 |
|
|
$ |
- |
|
Balance at September 30, 2022 |
|
|
1,101,689 |
|
|
$ |
0.79 – 10.30 |
|
|
5.28 Years |
|
|
$ |
3.59 |
|
|
$ |
559,146 |
|
|
|
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 |
|
|
875,000 |
|
|
$ |
1.36 - 2.32 |
|
|
- |
|
|
$ |
2.26 |
|
|
$ |
- |
|
Options Exercised |
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
Options Expired/Forfeited |
|
|
(18,181 |
) |
|
$ |
2.11 |
|
|
|
- |
|
|
$ |
- |
|
|
$ |
- |
|
Balance at September 30, 2023 |
|
|
1,960,401 |
|
|
$ |
0.79 - 9.30 |
|
|
5.81 Years |
|
|
$ |
1.94 |
|
|
$ |
- |
|
|
|
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 September 30, 2023 |
|
|
1,338,912 |
|
|
$ |
0.79 - 9.30 |
|
|
5.01 Years |
|
$ |
1.81 |
|
|
$ |
- |
|
|
| 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 |
|
|
$ |
8.56 |
|
|
1.66 Years |
|
Granted |
|
|
41,667 |
|
|
$ |
6.92 |
|
|
0.96 Years |
|
Cancelled |
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
Vested |
|
|
(16,667 |
) |
|
$ |
7.50 |
|
|
|
- |
|
Unvested at September 30, 2022 |
|
|
158,585 |
|
|
$ |
8.24 |
|
|
1.51 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 |
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
Cancelled |
|
|
(80,000 |
) |
|
$ |
2.17 |
|
|
0.58 Years |
|
Vested |
|
|
(185,000 |
) |
|
$ |
2.17 |
|
|
|
- |
|
Unvested at September 30, 2023 |
|
|
115,000 |
|
|
$ |
2.17 |
|
|
1.17 Years |
|
|