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WARRANTS

9 Months Ended

Sep. 30, 2023

NOTE 14 – WARRANTS

For the nine-month period ended September 30, 2023, no warrants were granted, and none expired. For the nine-month period ended September 30, 2023, 40,116 prefunded warrants and 1,795 granted warrants to purchase shares of common stock were exercised for a total purchase price of $1,622. See Note 13- Prefunded and Private Placement Warrants for further description.

The Company uses the Black-Scholes pricing model to estimate the fair value of stock-based awards on the date of the grant.

There was no compensation cost related to the warrants for the nine months ended September 30, 2023, and 2022, respectively.

The Company’s outstanding and exercisable warrants As of September 30, 2023, are presented below:

	Number Outstanding			Weighted Average Exercise Price		Contractual Life In Years		Intrinsic Value
Warrants outstanding as of December 31, 2022		179,331			22.50		4.72		6,731
Warrants granted					-		-		-
Warrants forfeited, expired, cancelled					-		-		-
Warrants exercised		(1,795	)		22.50		-		-
Warrants outstanding as of September 30, 2023		177,536			22.50		4.02		0
Warrants exercisable as of September 30, 2023		177,536			22.50		4.02		-