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WARRANTS
9 Months Ended
Sep. 30, 2022
Warrants  
WARRANTS

 

17. WARRANTS

 

Warrants outstanding and warrant activity for the nine-months ended September 30, 2022 are as follows:

  

Description  Classification  Exercise Price   Expiration   Date  Warrants Issued   Balance
December 31,
2021
   Warrants Exercised   Warrants Cancelled/ Expired   Balance
September 30,
2022
 
                               
Private Placement Warrants, issued January 25, 2017  Equity  $46.90   June 2022   85,500    85,500    -    (85,500)   - 
RedPathWarrants, 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    (9)   (870,205)   - 
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    (9)   (1,351,139)   53,500 

 

As of September 30, 2022, the weighted average exercise price of the outstanding warrants is $13.20 and the weighted average remaining contractual life is approximately 0.2 years.