Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

v3.22.2.2
Warrants (Tables)
9 Months Ended
Sep. 30, 2022
Warrants  
Summary of assumptions used in determining the fair value of the Warrants granted

    

Issuance Date

    

September 23, 2022

 

Risk-Free Interest Rate

3.50

%  

3.50

%

Stock Price

$

6.00

$

8.00

Exercise Price

$

8.00

$

8.00

Expected Life (years)

 

  

 

  

Class A

 

1.20

 

1.00

Class B

 

2.20

 

2.00

Expected Stock Price Volatility

 

  

 

  

Class A

 

131.83

%  

 

157.49

%

Class B

 

110.95

%  

 

127.24

%

Schedule of warrant activity

Number of Common Shares

Weighted Average

Weighted Average

 Issuable Upon Exercise 

Exercise

Remaining

    

of Outstanding Warrants

    

Price

    

Term in Years

Outstanding at December 31, 2021

168,930

$

199.58

 

3.42

Issued

1,504,786

$

8.00

2.82

Expired

(11,110)

$

900.00

Outstanding at September 30, 2022

1,662,606

$

21.50

2.97

Outstanding at December 31, 2020

68,168

$

336.13

2.45

Issued

102,474

$

135.93

4.93

Expired

(1,452)

$

52.50

Exercised

(260)

$

192.00

1.55

Outstanding at September 30, 2021

 

168,930

$

216.00

3.42