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Equity
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Equity
Note 6 — Equity

Common Stock

We issued no shares for options exercised during the three months ended March 31, 2022 or 2021, respectively. We issued no shares as a result of vesting RSUs during the three months ended March 31, 2022 or 2021, respectively.

Warrants

In 2020, we issued warrants for the purchase of 25,000 shares of common stock at an exercise price of $5.75 per share, exercisable on the date of grant expiring in April 2025. The weighted average fair value at the grant date was $4.16 per warrant. The fair value at the grant date was estimated utilizing the Black-Scholes valuation model with the following weighted average assumptions (i) dividend yield on our common stock of 0 percent (ii) expected stock price volatility of 97 percent (iii) a risk-free interest rate of 0.27 percent and (iv) and expected option term of 5 years.
 
Warrants Issued
   
Exercise Price
   
Outstanding and
Exercisable
December 31, 2021
   
Issued
   
Exercised
   
Terminated /
Cancelled
   
Outstanding and
Exercisable
March 31, 2022
 
Expiration Date
 
25,000
   
$
5.75
     
25,000
     
     
     
     
25,000
 
April 30, 2025