Stockholders’ Equity (Tables)
|
6 Months Ended |
Jun. 30, 2022 |
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
Schedule of Stock Option Transactions |
Stock
option transactions under the Company’s Plan for the six months ended June 30, 2022 and the year ended December 31, 2021 are summarized
as follows:
Schedule of Stock Option Transactions
Stock Options | |
Number of Options | | |
Weighted Average
Exercise Price | | |
Weighted Average
Remaining Contractual Term (Years) | | |
Aggregate Intrinsic Value | | |
Weighted Average Grant Date Fair
Value | |
Outstanding - December 31, 2020 | |
| 17,004 | | |
$ | 16.00 | | |
| 6.16 | | |
$ | - | | |
$ | - | |
Vested and Exercisable - December 31, 2020 | |
| - | | |
$ | - | | |
| - | | |
$ | - | | |
$ | - | |
Unvested and non-exercisable - December 31, 2020 | |
| 17,004 | | |
$ | 16.00 | | |
| 6.16 | | |
$ | - | | |
$ | - | |
Granted | |
| - | | |
| - | | |
| | | |
| | | |
$ | - | |
Exercised | |
| - | | |
| - | | |
| | | |
| | | |
| | |
Cancelled/Forfeited | |
| - | | |
| - | | |
| | | |
| | | |
| | |
Outstanding - December 31, 2021 | |
| 17,004 | | |
$ | 16.00 | | |
| 5.16 | | |
$ | - | | |
$ | - | |
Vested and Exercisable - December 31, 2021 | |
| 3,401 | | |
$ | 16.00 | | |
| 5.16 | | |
$ | - | | |
$ | - | |
Unvested and non-exercisable - December 31, 2021 | |
| 13,603 | | |
$ | 16.00 | | |
| 5.16 | | |
$ | - | | |
$ | - | |
Granted | |
| - | | |
| - | | |
| | | |
| | | |
$ | - | |
Exercised | |
| - | | |
| - | | |
| | | |
| | | |
| | |
Cancelled/Forfeited | |
| - | | |
| - | | |
| | | |
| | | |
| | |
Outstanding - June 30, 2022 | |
| 17,004 | | |
$ | 16.00 | | |
| 4.67 | | |
$ | - | | |
$ | - | |
Vested and Exercisable - June 30, 2022 | |
| 6,801 | | |
$ | 16.00 | | |
| 4.67 | | |
$ | - | | |
$ | - | |
Unvested and non-exercisable - June 30, 2022 | |
| 10,202 | | |
$ | 16.00 | | |
| 4.67 | | |
$ | - | | |
$ | - | |
|
Schedule of Warrants Activity |
Warrant
activity for the six months ended June 30, 2022 and the year ended December 31, 2021 are summarized as follows:
Schedule of Warrants Activity
Warrants | |
Number of Warrants | | |
Weighted Average Exercise Price | | |
Weighted Average Remaining Contractual Term (Years) | | |
Aggregate Intrinsic Value | |
Outstanding - December 31, 2020 | |
| 194,317 | | |
$ | 32.50 | | |
| 1.52 | | |
$ | - | |
Vested and Exercisable - December 31, 2020 | |
| 194,317 | | |
$ | 32.50 | | |
| 1.52 | | |
$ | - | |
| |
| - | | |
| - | | |
| - | | |
| - | |
Granted | |
| 5,935,450 | | |
$ | 8.01 | | |
| - | | |
| - | |
Exercised | |
| (2,133 | ) | |
$ | 12.50 | | |
| - | | |
| - | |
Cancelled/Forfeited | |
| (44,650 | ) | |
$ | 23.49 | | |
| - | | |
| - | |
Outstanding - December 31, 2021 | |
| 6,082,984 | | |
$ | 8.68 | | |
| 2.93 | | |
$ | - | |
Vested and Exercisable - December 31, 2021 | |
| 5,852,984 | | |
$ | 8.70 | | |
| 2.85 | | |
$ | - | |
Unvested - December 31, 2021 | |
| 230,000 | | |
$ | 8.00 | | |
| 4.85 | | |
$ | - | |
Granted | |
| 141,000 | | |
$ | 4.73 | | |
| - | | |
| | |
Exercised | |
| - | | |
$ | - | | |
| - | | |
| | |
Cancelled/Forfeited | |
| (82,728 | ) | |
$ | 40.22 | | |
| - | | |
| | |
Outstanding - June 30, 2022 | |
| 6,141,256 | | |
$ | 8.16 | | |
| 2.48 | | |
$ | 14,100 | |
Vested and Exercisable - June 30, 2022 | |
| 6,141,256 | | |
$ | 8.16 | | |
| 2.48 | | |
$ | 14,100 | |
Unvested and non-exercisable - June 30, 2022 | |
| - | | |
$ | - | | |
| 0.00 | | |
$ | - | |
|
Warrant One [Member] |
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
Schedule of Fair Value of Warrants |
Schedule of Fair Value of Warrants
Expected
term (years) |
|
5 |
Expected
volatility |
|
118% |
Expected
dividends |
|
0% |
Risk
free interest rate |
|
0.53% |
|
Warrant Two [Member] |
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
Schedule of Fair Value of Warrants |
Fair
value of the warrants was determined using a Black-Scholes option pricing model with the following inputs:
Schedule of Fair Value of Warrants
Expected term (years) | |
3 years |
Expected volatility | |
118% |
Expected dividends | |
0% |
Risk free interest rate | |
0.53% |
|
Warrant Three [Member] |
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
Schedule of Fair Value of Warrants |
The
fair value of these warrants was determined using a Black-Scholes option pricing model with the following inputs:
Schedule of Fair Value of Warrants
Expected term (years) |
|
3 years |
Expected volatility |
|
119% - 120% |
Expected dividends |
|
0% |
Risk free interest rate |
|
2.45% - 2.80% |
|
Warrant Four [Member] |
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
Schedule of Fair Value of Warrants |
The
fair value of these warrants was determined using a Black-Scholes option pricing model with the following inputs:
Schedule
of Fair Value of Warrants
Expected term (years) |
|
3 |
Expected volatility |
|
120% |
Expected dividends |
|
0% |
Risk free interest rate |
|
2.71% |
|
Warrant Five [Member] |
|
Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
Schedule of Fair Value of Warrants |
The
fair value of these warrants was determined using a Black-Scholes option pricing model with the following inputs:
Schedule of Fair Value of Warrants
Expected term (years) |
|
3 - 5 |
Expected volatility |
|
119% - 146% |
Expected dividends |
|
0% |
Risk free interest rate |
|
0.07% - 1.15% |
|