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Stockholders Equity
 3 Months Ended
Mar. 31, 2022
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS EQUITY

NOTE 8 – STOCKHOLDERS EQUITY

 

Common Stock

 

TraDigital Marketing Group LLC was issued 5,000 shares of common stock during January 2022 for consultancy services provided to the Company.

 

Under the terms of the Cosmos Transaction Bid Implementation Agreement the Company made share-based payments under an Incentive Compensation Program during September 2021 (refer to reverse acquisition accounting policy). Within the March 2022 quarter, five employees converted these into 825,000 shares of common stock of Mawson.

 

During February 2022, Kyle Hoffman was paid $50,000 in shares of the Company’s common stock as part of the contingent consideration for the Membership Interest Purchase Agreement to acquire shares in Luna Squares LLC.

 

Restricted Stock

 

As of March 31, 2022, there was no restricted stock.

 

Common Stock Warrants

 

A summary of the status of the Company’s outstanding stock warrants and changes during the quarter ended March 31, 2022, is as follows:  

   Number of
Warrants		   Weighted
Average
Exercise
Price		   Weighted
Average
Remaining
Contractual
Life
(in years)		 
Outstanding as of December 31, 2021   3,524,189           
Issued   3,850,000   $7.99        1.9 
Exercised   (380,000)          
Expired   
-
           
Outstanding as of March 31, 2022   6,994,189   $7.99    1.9 
Warrants exercisable as of March 31, 2022.   6,994,189   $7.99    1.9 

 

On February 23, 2022, Mawson issued to Celsius Mining warrants with an expiry date of August 23, 2023, to purchase up to 3,850,000 shares of common stock, par value $0.001 per share, of Mawson at an exercise price of US$6.50 per share, in connection with the $20 million loan made by Celsius to Luna Squares LLC in connection with a Customer Equipment and Co-Location Agreement entered into by Celsius and Luna Squares LLC.