13. Stock warrants

The activity in the Company's outstanding stock warrants for the years ended December 31, 2022 and 2021 is as follows:

	Number of warrants		Weighted Average Exercise Price	Weighted Average Remaining Term (years)
Balance December 31, 2021 and 2020	-	$	-	-
Assumed in reverse acquisition	5,684,294		0.60
Issued in connection with convertible debt	2,729,167		0.32
Exercise	-		-
Expired	-		-
Balance December 31, 2022	8,413,461	$	0.51	4.4

On April 23, 2023 in connection with its reverse acquisition with Live Current (see Note 2), the Company assumed warrants to purchase 5,684,294 of its common stock.

In October 2022, the Company issued 2,250,000 warrants in connection with convertible notes payable (See Note 5). These warrants contained features that require them to be accounted for as a derivative liability (see Note 9).

In December 2022, the Company issued 479,167 warrants issued in connection with notes payable that had a fair value of $112,986 and a relative value of $39,626. Terms of these warrants did not require them to be accounted for as a derivative liability.