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Outstanding Warrants (Tables)
12 Months Ended
Dec. 31, 2021
Outstanding Warrants  
Weighted average assumptions

Description

 

For the year ended December 31,

 

2021

 

 

2020

 

 

2019

 

Dividend-yield

 

 

0%

 

 

0%

 

 

0%

Risk-free interest rate

 

 

0.21%

 

 

0.84%

 

 

2.13%

Expected volatility

 

 

136.16%

 

 

108.8%

 

 

103.0%

Expected life (years)

 

 

2

 

 

 

2

 

 

 

2

 

Exercise price per share

 

$0.01

 

 

$0.01

 

 

$0.01

 

Market value per share on grant date

 

$9.92

 

 

$0.81

 

 

$0.73

 

Fair value per share on grant date

 

$9.91

 

 

$0.80

 

 

$0.72

 

Schedule of warrant activity

 

 

Warrants Outstanding & Exercisable

 

 

Weighted - Average Exercise Price

 

 

Average Remaining Term in Years

 

Outstanding December 31, 2018

 

 

95

 

 

$2.59

 

 

 

6.95

 

Granted

 

 

227

 

 

 

0.01

 

 

 

 

 

Exercised

 

 

(227)

 

 

0.01

 

 

 

 

 

Outstanding December 31, 2019

 

 

95

 

 

$2.59

 

 

 

5.95

 

Granted

 

 

227

 

 

 

0.01

 

 

 

 

 

Exercised

 

 

(227)

 

 

0.01

 

 

 

 

 

Outstanding December 31, 2020

 

 

95

 

 

$2.59

 

 

 

4.95

 

Granted

 

 

292

 

 

 

0.01

 

 

 

 

 

Exercised

 

 

(332)

 

 

0.32

 

 

 

 

 

Outstanding December 31, 2021

 

 

55

 

 

$2.59

 

 

 

3.95