Stockholders’ Equity (Tables)
|
3 Months Ended |
Mar. 31, 2023 |
| Class of Warrant or Right [Line Items] |
|
| Schedule of Warrants Outstanding |
Stock
warrant transactions for the three months ended March 31, 2023 were as follows:
Schedule of Warrant Activity
| |
|
Number of |
|
|
Weighted Average |
|
| |
|
Warrants |
|
|
Exercise Price |
|
| Warrants outstanding at December 31, 2022 |
|
|
2,337,274 |
|
|
$ |
5.30 |
|
| Granted |
|
|
9,790,000 |
|
|
|
0.71 |
|
| Forfeited/cancelled |
|
|
(78,394 |
) |
|
|
3.40 |
|
| Exercised |
|
|
- |
|
|
|
- |
|
| Warrants outstanding at March 31, 2023 |
|
|
12,048,880 |
|
|
$ |
1.60 |
|
| Warrants exercisable at March 31, 2023 |
|
|
5,158,880 |
|
|
$ |
2.39 |
|
|
| Schedule of Options Activity |
Common
stock option transactions for the three months ended March 31, 2023 were as follows:
Schedule
of Options Activity
| |
|
Number of |
|
|
Weighted Average |
|
| |
|
Options |
|
|
Exercise Price |
|
| Options outstanding at December 31, 2022 |
|
|
1,630,452 |
|
|
$ |
2.57 |
|
| Granted |
|
|
2,000,000 |
|
|
|
0.85 |
|
| Forfeited/cancelled |
|
|
(162,537 |
) |
|
|
2.75 |
|
| Exercised |
|
|
- |
|
|
|
- |
|
| Options outstanding at March 31, 2023 |
|
|
3,467,915 |
|
|
$ |
1.56 |
|
| Options exercisable at March 31, 2023 |
|
|
1,871,141 |
|
|
$ |
2.09 |
|
|
| Schedule of Stock Granted Assumptions |
Schedule
of Stock Granted Assumptions
| Stock price |
|
$ |
0.85 |
|
| Risk-free interest rate |
|
|
3.62 |
% |
| Expected volatility |
|
|
121 |
% |
| Expected life (in years) |
|
|
5.3 |
|
| Expected dividend yield |
|
|
- |
|
|
| Schedule of Options Outstanding |
Options outstanding as of March 31, 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
|
|
| $ |
3.05 |
|
|
|
151,288 |
|
|
|
8.7 |
|
|
$ |
3.05 |
|
|
|
151,288 |
|
|
$ |
3.05 |
|
| |
2.48 |
|
|
|
1,316,627 |
|
|
|
9.3 |
|
|
|
2,48 |
|
|
|
1,219,853 |
|
|
|
2.48 |
|
| |
0.85 |
|
|
|
2,000,000 |
|
|
|
9.8 |
|
|
|
0.85 |
|
|
|
500,000 |
|
|
|
0.85 |
|
| |
|
|
|
|
3,467,915 |
|
|
|
|
|
|
|
|
|
|
|
1,871,141 |
|
|
|
|
|
|
| Warrants [Member] |
|
| Class of Warrant or Right [Line Items] |
|
| Schedule of Warrants Outstanding |
Warrants outstanding as of March 31, 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
|
|
| $ |
0.0001 |
|
|
|
2,900,000 |
|
|
|
Indefinite |
|
|
$ |
0.0001 |
|
|
|
2,900,000 |
|
|
$ |
0.0001 |
|
| |
1.00
– 1.25 |
|
|
|
6,890,000 |
|
|
|
5.2 |
|
|
|
1.01 |
|
|
|
- |
|
|
|
1.01 |
|
| |
3.40
– 5.50 |
|
|
|
2,258,880 |
|
|
|
2.3 |
|
|
|
5.45 |
|
|
|
2,258,880 |
|
|
|
5.45 |
|
| |
|
|
|
|
12,048,880 |
|
|
|
|
|
|
|
|
|
|
|
5,158,880 |
|
|
|
|
|
|