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WARRANTS
 9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Warrants    
WARRANTS

 

17. WARRANTS

 

Warrants outstanding and warrant activity for the nine-months ended September 30, 2021 are as follows:

 

Description  Classification   Exercise Price   Expiration Date  Warrants Issued   Balance
December 31,
2020		   Warrants Cancelled/ Expired   Balance
September 30,
2021		 
                            
Private Placement Warrants, issued January 25, 2017   Equity   $46.90   June 2022   85,500    85,500      -    85,500 
RedPath Warrants, issued March 22, 2017   Equity   $46.90   September 2022   10,000    10,000    -    10,000 
Underwriters Warrants, issued June 21, 2017   Liability   $13.20   December 2022   57,500    53,500    -    53,500 
Base & Overallotment Warrants, issued June 21, 2017   Equity   $12.50   June 2022   1,437,500    870,214    -    870,214 
Warrants issued October 12, 2017   Equity   $18.00   April 2022   320,000    320,000    -    320,000 
Underwriters Warrants, issued January 25, 2019   Equity   $9.40   January 2022   65,434    65,434    -    65,434 
                                  
                 1,975,934    1,404,648    -    1,404,648 

 

The weighted average exercise price of the warrants is $15.97 and the weighted average remaining contractual life is approximately 0.7 years.

 

14. Warrants

 

Warrants outstanding and warrant activity for the year ended December 31, 2020 are as follows:

 

Description  Classification  Exercise Price   Expiration Date  Warrants Issued   Balance
December 31,
2019		   Warrants Cancelled/ Expired   Balance
December 31,
2020		 
                           
Private Placement Warrants, issued January 25, 2017  Equity  $46.90   June 2022   85,500    85,500         85,500 
RedPath Warrants, issued March 22, 2017  Equity  $46.90   September 2022   10,000    10,000         10,000 
Underwriters Warrants, issued June 21, 2017  Liability  $13.20   December 2022   57,500    53,500         53,500 
Base & Overallotment Warrants, issued June 21, 2017  Equity  $12.50   June 2022   1,437,500    870,214         870,214 
Vendor Warrants, issued August 6, 2017  Equity  $12.50   August 2020   15,000    15,000    (15,000)   - 
Warrants issued October 12, 2017  Equity  $18.00   April 2022   320,000    320,000         320,000 
Underwriters Warrants, issued January 25, 2019  Equity  $9.40   January 2022   65,434    65,434         65,434 
                                
               1,990,934    1,419,648    (15,000)   1,404,648 

 

 

The weighted average exercise price of the warrants is $15.97 and the weighted average remaining contractual life is approximately 1.4 years.