XML 63 R47.htm IDEA: XBRL DOCUMENT v3.23.1
COMMON STOCK PURCHASE WARRANTS (Tables)
12 Months Ended
Dec. 31, 2022
Common Stock Purchase Warrants  
SCHEDULE OF WARRANT MODIFICATION

 

   Original terms at August 19, 2021   Modified terms at August 19, 2021 
Volatility - range   109.3%   104.7%
Risk-free rate   0.78%   0.78%
Dividend   0%   0%
Remaining contractual term   4.5 years    5.1 years 
Exercise price  $65.00   $65.00 
Common stock issuable under the warrants   715,000    715,000 
 
   Terms at
August 23, 2022
 
Volatility - range   103.7%
Risk-free rate   3.17 - 3.36%
Dividend   0%
Remaining contractual term   3.4 - 4.1 years 
Exercise price  $65.00 
Common stock issuable under the warrants   1,215,000 
 
SUMMARY OF WARRANT ACTIVITY

The following table summarizes information about shares issuable under warrants outstanding during the years ended December 31, 2022 and 2021:

 

   Warrants   Weighted
average
exercise price
 
Vested Balance, January 1, 2021   169,418   $124.80 
Granted   2,127,500    62.20 
Exercised   (912,500)   (58.40)
Cancelled   (83,988)   (188.40)
Vested Balance, December 31, 2021   1,300,430   $64.80 

 

   Warrants   Weighted
average
exercise price
 
Vested Balance, January 1, 2022   1,300,430   $64.80 
Granted        
Exercised        
Forfeited/cancelled   (1,232,971)   (65.08)
Vested Balance, December 31, 2022   67,459   $60.26 
SUMMARY OF RANGE OF EXERCISE PRICES AND WEIGHTED AVERAGE REMAINING CONTRACTUAL LIFE OF WARRANTS

The following table summarizes the range of exercise prices and weighted average remaining contractual life for outstanding and exercisable warrants to purchase shares of common stock as of December 31, 2022:

  

    Outstanding and exercisable warrants 
Exercise
price
   Number of
warrants
   Weighted average
remaining
contractual life
 
$52.00    23,286    0.6 years 
$60.00    15,840    0.3 years 
$67.20    28,333    0.2 years 
             
      67,459    0.3 years