XML 32 R21.htm IDEA: XBRL DOCUMENT v3.23.1
WARRANTS
3 Months Ended
Mar. 31, 2023
Warrants  
WARRANTS

NOTE 14 – WARRANTS

 

A summary of the warrant activity for the three months ended March 31, 2023 is as follows:

   Shares  

Weighted-

Average

Exercise

Price

  

Weighted-

Average

Remaining

Contractual

Term

  

Aggregate

Intrinsic

Value

 
Outstanding at December 31, 2022   9,757,710   $5.61    5.14   $635 
Granted   -                
Exercised   -                
Canceled/Exchanged   (834)  $

0.12

           
Outstanding at March 31, 2023   9,756,876   $5.61    3.89   $- 
Exercisable at March 31, 2023   9,756,876   $5.61    3.89   $- 

 

Exercise Price  

Warrants

Outstanding

  

Weighted Avg.

Remaining Life

  

Warrants

Exercisable

 
$5.50    9,238,816    3.90    9,238,816 
 7.52    518,060    3.67    518,060 
      9,756,876    3.89    9,756,876 

 

The aggregate intrinsic value of outstanding stock warrants was $0 based on warrants with an exercise price less than the Company’s stock price of $0.99 as of March 31, 2023 which would have been received by the warrant holders had those holders exercised the warrants as of that date.