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Capital Stock (Tables) | 3 Months Ended
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Mar. 31, 2023
Equity [Abstract] |
Schedule of Warrants Activity | Warrants outstanding as of March 31, 2023 are as follows:
Issue Date |  | Warrants Issued |  | Exercise Price |  | Expiration Date
October 21, 2020 |  | 34,767 |  |  | $ | 61.20 |  |  | April 22, 2023
December 6, 2020 |  | 41,667 |  |  | 82.35 |  |  | June 7, 2023
June 28, 2021 |  | 66,667 |  |  | 60.00 |  |  | January 4, 2024 (a)
June 28, 2021 |  | 200,000 |  |  | 66.00 |  |  | June 28, 2024
March 31, 2023 |  | 4,136,846 |  |  | $ | 1.71 |  |  | September 30, 2028
|  | 4,479,947 |  |  |  |  |
(a) On January 3, 2023, the Company and all the holders of the Series A Warrants agreed to amend the terms of the Series A Warrants to extend the termination date from January 4, 2023 to January 4, 2024. All other terms of the Series A Warrants will remain in full force and effect. The modification resulted in an incremental value adjustment, and deemed dividend, of $25,000, which was recorded within additional paid-in capital during the three months ended March 31, 2023. Warrant activity for the three months ended March 31, 2023 and the year ended December 31, 2022 is presented below.
|  | Outstanding
|  | Number of Warrants |  | Weighted Average Exercise Price
Warrants outstanding and exercisable, December 31, 2021 |  | 343,101 |  |  | $ | 66.34 |
Warrants outstanding and exercisable, December 31, 2022 |  | 343,101 |  |  | 66.34 |
Granted |  | 4,136,846 |  |  | 1.71 |
Warrants outstanding and exercisable, March 31, 2023 |  | 4,479,947 |  |  | $ | 6.66 |

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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
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