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Warrants (Tables)
12 Months Ended
Dec. 31, 2021
Warrants [Abstract]  
Schedule of the warrants issued 2020 financing
Warrants holder  Investor Warrants   Placement Agent Warrants 
Appraisal Date (Inception Date)  December 10,
2020
   December 10,
2020
 
Market price per share (USD/share)  $5.36   $5.36 
Exercise price (USD/price)   6.46    6.475 
Risk free rate   0.2%   0.2%
Dividend yield   0.0%   0.0%
Expected term/ Contractual life (years)   3.0 years    3.0 years 
Expected volatility   211.5%   211.5%

 

Appraisal Date  December 31,
2020
   December 31,
2020
 
Market price per share (USD/share)  $5.06   $5.06 
Exercise price (USD/price)   6.46    6.475 
Risk free rate   0.2%   0.2%
Dividend yield   0.0%   0.0%
Expected term/ Contractual life (years)   2.9 years    2.9 years 
Expected volatility   187.6%   187.6%

 

Appraisal Date  December 31,
2021
   December 31,
2021
 
Market price per share (USD/share)  $1.56   $1.56 
Exercise price (USD/price)   6.46    6.475 
Risk free rate   0.7%   0.8%
Dividend yield   0.0%   0.0%
Expected term/ Contractual life (years)   1.9 years    2.4 years 
Expected volatility   140.3%   132.3%

 

Schedule of warrants issued 2021 financing
Warrants holder  Investor Warrants   Placement
Agent
Warrants
 
Appraisal Date (Inception Date)  Series A1
February 10,
2021
   Series A2
February 10,
2021
   Series B February 10,
2021
   February 10,
2021
 
Market price per share (USD/share)  $7.36   $7.36   $7.36   $7.36 
Exercise price (USD/price)   7.67    7.67    7.83    9.204 
Risk free rate   0.2%   0.3%   0.0%   0.2%
Dividend yield   0.0%   0.0%   0.0%   0.0%
Expected term/ Contractual life (years)   3.5 years    3.8 years    0.3 years    3.5 years 
Expected volatility   121.8%   119.5%   214.5%   121.8%

 

Warrants holder  Investor
Warrants
   Placement Agent
Warrants
 
Appraisal Date  Series A1
December 31,
2021
   December 31,
2021
 
Market price per share (USD/share)   1.56    1.56 
Exercise price (USD/price)   7.67    9.204 
Risk free rate   0.9%   0.9%
Dividend yield   0.0%   0.0%
Expected term/ Contractual life (years)   2.6 years    2.6 years   
Expected volatility   129.2%   129.2%

 

Schedule of warrants liability measured at fair value on a recurring basis using Level 3 inputs
    Year ended
December 31,
2020
   
   Year ended
December 31,
2021
 
Balance at the beginning of the year  $
-
   $17,783,000 
Warrants issued to institution investors   17,980,000    47,519,000 
Warrants issued to placement agent   1,875,000    2,346,000 
Warrants redeemed   
-
    
-
 
Fair value change of the issued warrants included in earnings   (2,072,000    (61,802,000)
Balance at end of year   17,783,000    5,846,000 

 

Schedule of the warrant activity
   Number of Warrants   Average
Exercise  Price
   Weighted Average
Remaining
Contractual Term
in Years
 
             
Outstanding at January 1, 2021   4,175,512   $6.46    3 
Exercisable at January 1, 2021   3,795,920   $6.46    2.9 
Granted   11,621,967    7.79    2.4 
Exercised / surrendered   
-
    
-
    - 
Expired   6,704,980    7.78    
-
 
Outstanding at December 31, 2021   9,092,499    7.19    2.33 
Exercisable at December 31, 2021   9,092,499    7.19    2.33