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Stockholders' Equity/(Deficit)
 3 Months Ended
Mar. 31, 2023
Federal Home Loan Banks [Abstract]  
Stockholders' Equity/(Deficit)

NOTE 11 – STOCKHOLDERS' EQUITY/(DEFICIT)

 

Common Stock

 

As noted above, on March 3, 2023, Odyssey, AHMSA, MINOSA and Phosphate One entered into the Termination Agreement whereby the parties agreed that, concurrently with the payment of the Termination Payment, a portion of the MINOSA Notes would be deemed automatically converted into 304,879 shares of Odyssey’s common stock at a share market price of $3.28 per share.

 

Warrant

 

In conjunction with the Purchase Agreement on March 6, 2023, as described above, we issued the Warrant to purchase up to 3,465,778 shares of our common stock. The Warrant has an exercise price of $3.78 per share and is exercisable at any time during the three years after issuance, ending on the close of business on March 6, 2026.

 

Stock-Based Compensation

 

The share-based compensation charged against income, related to our options and restricted stock units, for the three months ended March 31, 2023 and 2022, was $122,339 and $312,646, respectively. We did not grant stock options to employees or outside directors in the three months ended March 31, 2023 and 2022.