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Warrants (Tables)

3 Months Ended

Mar. 31, 2023

Warrants [Abstract]

Warrants Outstanding and Changes in Warrants to Purchase Common Stock

A summary of the warrants outstanding as of March 31, 2023 is as follows:

Exercise Price		Outstanding			Grant/Assumption Date		Expiration Date
24.42			7,051		June 28, 2013		June 28, 2023
57.11			603,386		December 21, 2020		December 21, 2030
33.63			301,291		August 9, 2021		August 9, 2031
22.51			153,155		December 17, 2021		December 17, 2031
22.51			153,155		December 17, 2021		December 17, 2031
65.23			617,050		December 1, 2022		April 23, 2025
65.23			760,086		December 1, 2022		December 1, 2026
Total			2,595,174

The following table below is a summary of changes in warrants to purchase common stock for the three months ended March 31, 2023:

		Number of Warrant Shares Outstanding and Exercisable				Exercise Price per Share
Balance as of December 31, 2022			2,721,267
Granted			-
Exercised			(126,093	)		$	0.06
Balance as of March 31, 2023			2,595,174

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section S99
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775

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X

- References

No definition available.

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