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Stockholders Equity (Tables)
12 Months Ended
Dec. 31, 2022
Stockholders Equity  
Reserved shares of common stock for future issuance

 

 

December 31,

 

 

 

2022

 

 

2021

 

Conversion of convertible notes

 

 

145,355

 

 

 

1,147,580

 

Unvested RSUs

 

 

800,000

 

 

 

88,000

 

Stock options

 

 

36,666

 

 

 

36,666

 

Warrants

 

 

966,174

 

 

 

30,174

 

 

 

 

1,948,195

 

 

 

1,302,420

 

Schedule of assumptions in fair value of warrants

Expected term (years)

 

 

5

 

Expected volatility

 

 

304%

Expected dividends

 

 

0%

Risk free interest rate

 

 

2.91%
Status of the Company's warrants

 

 

For the Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

 

Shares

 

 

Weighted Average Exercise Price

 

 

Shares

 

 

Weighted Average Exercise Price

 

Warrants outstanding at beginning of year

 

 

30,174

 

 

$3.98

 

 

 

30,174

 

 

$3.98

 

   Issued

 

 

936,000

 

 

 

4.27

 

 

 

 

 

 

 

 

 

Warrants outstanding at end of year

 

 

966,174

 

 

$4.26

 

 

 

30,174

 

 

$3.98

 

Exercisable at end of year

 

 

927,174

 

 

 

4.24

 

 

 

30,174

 

 

$3.98

 

Information about warrants

 

 

 

Outstanding Warrants

 

 

Weighted Average Remaining

 

 

Exercisable

 

Exercise Price

 

 

December 31, 2022

 

 

Contractual Life

 

 

Warrants

 

$3.98

 

 

 

30,174

 

 

 

2.90

 

 

 

30,174

 

 

4.25

 

 

 

780,000

 

 

 

4.61

 

 

 

780,000

 

 

4.25

 

 

 

117,000

 

 

 

4.61

 

 

 

117,000

 

 

4.68

 

 

 

39,000

 

 

 

4.61

 

 

 

-

 

 

 

 

 

 

966,174

 

 

 

 

 

 

 

927,174