Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity (Tables)

v3.23.1
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:

  

    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:

  

    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

 

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  
  1.001.25       6,890,000       5.2       1.01       -       1.01  
  3.405.50       2,258,880       2.3       5.45       2,258,880       5.45  
          12,048,880                       5,158,880