Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity (Tables)

v3.23.2
Stockholders’ Equity (Tables)
6 Months Ended
Jun. 30, 2023
Class of Warrant or Right [Line Items]  
Schedule of Warrants Outstanding

Common stock warrant transactions for the six months ended June 30, 2023 were as follows:

  

    Number of     Weighted Average  
    Warrants     Exercise Price  
Warrant outstanding at December 31, 2022:     2,337,274     $ 5.30  
Granted     9,790,000       0.71  
Forfeited/canceled     (78,394 )     3.40  
Exercised     (2,900,000 )     0.0001  
Warrants outstanding at June 30, 2023     9,148,880     $ 2.11  
Warrants exercisable at June 30, 2023     2,258,880     $ 5.45  
Schedule of Options Activity

Common stock option transactions for the six months ended June 30, 2023 were as follows:

  

    Number of     Weighted Average  
    Options     Exercise Price  
Options outstanding at December 31, 2022     1,630,452     $ 2.57  
Granted     2,500,000       0.75  
Forfeited/canceled     (392,500 )     2.81  
Exercised     -       -  
Options outstanding at June 30, 2023     3,737,952     $ 1.32  
Options vested and exercisable at June 30, 2023     2,177,891     $ 1.71  
Schedule of Stock Granted Assumptions

 

Stock price   $ $0.35 - $0.85  
Risk-free interest rate     3.62% - 3.99 %
Expected volatility     120.81% - 123.61 %
Expected life (in years)     5.3  
Expected dividend yield     -  
Schedule of Options Outstanding

Options outstanding as of June 30, 2023 are exercisable as follows:

 Schedule of Options Outstanding 

          Options Outstanding       Options Exercisable
  Range of Exercise Price       Number Outstanding       Weighted Average Remaining Contractual Life (Years)      

Weighted Average

Exercise Price

      Number Exercisable      

Weighted Average

Exercise Price

 
$ 2.48       1,237,952       9.0     $ 2.48       1,154,081     $ 2.48  
  0.85       2,000,000       9.6       0.85       1,000,000       0.85  
  0.35       500,000       9.9       0.35       23,810       0.35  
          3,737,952                       2,177,891          
Warrants [Member]  
Class of Warrant or Right [Line Items]  
Schedule of Warrants Outstanding

Warrants outstanding as of June 30, 2023 are exercisable as follows:

 

Schedule of Warrants Outstanding 

          Warrants Outstanding       Warrants Exercisable  
  Range of Exercise Price       Number Outstanding       Weighted Average Remaining Contractual Life (Years)       Weighted Average Exercise Price       Number Exercisable      

Weighted Average

Exercise Price

 
  $1.001.25       6,890,000       5.0     $ 1.01       -     $ -  
  3.405.50       2,258,880       2.6       5.45       2,258,880       5.45  
          9,148,880                       2,258,880