STOCKHOLDERS’ EQUITY (Tables)
|
3 Months Ended |
Mar. 31, 2022 |
Equity [Abstract] |
|
SCHEDULE OF STOCK OPTION ACTIVITY |
The
summary of option activity for the three months ended March 31, 2022 is as follows:
SCHEDULE OF STOCK OPTION ACTIVITY
| |
Number of Options | | |
Weighted Average Exercise Price | | |
Weighted Average Contractual Life | | |
Total Intrinsic Value | |
Outstanding at December 31, 2020 | |
| 3,800,943 | | |
$ | 1.36 | | |
| 8.82 | | |
| | |
Granted | |
| 1,532,500 | | |
| 1.51 | | |
| | | |
| | |
Forfeited | |
| (1,682,500 | ) | |
| 1.36 | | |
| | | |
| | |
Outstanding at December 31, 2021 | |
| 3,650,943 | | |
$ | 1.24 | | |
| 8.34 | | |
$ | 1,951,117 | |
Granted/forfeited | |
| - | | |
| - | | |
| | | |
| | |
Outstanding at March 31, 2022 | |
| 3,650,943 | | |
| 1.24 | | |
| 8.10 | | |
| 2,571,777 | |
Exercisable at March 31, 2022 | |
| 2,561,023 | | |
$ | 1.10 | | |
| 7.56 | | |
$ | 2,160,932 | |
|
SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE |
As
of March 31, 2022, the Company had the following options outstanding:
SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE
Exercise
Price | | |
Number of
Options
Outstanding | | |
Number of
Options
Exercisable | | |
Weighted Average
Remaining
Contractual Years | | |
Intrinsic Value | |
$ | 1.01 | | |
| 1,985,943 | | |
| 1,985,943 | | |
| 7.18 | | |
$ | 1,846,927 | |
| 1.25 | | |
| 665,000 | | |
| 265,080 | | |
| 8.85 | | |
| 458,850 | |
| 1.37 | | |
| 200,000 | | |
| 190,000 | | |
| 8.39 | | |
| 114,000 | |
| 1.75 | | |
| 800,000 | | |
| 120,000 | | |
| 9.66 | | |
| 152,000 | |
$ | 1.24 | | |
| 3,650,943 | | |
| 2,561,023 | | |
| 8.10 | | |
$ | 2,571,777 | |
|
SCHEDULE OF WARRANTS OUTSTANDING |
SCHEDULE OF WARRANTS OUTSTANDING
| |
Number | | |
Weighted
Average Price | |
December 31, 2020 | |
| 3,393,651 | | |
$ | 2.13 | |
Issued pursuant to Unit Purchase Agreement | |
| 8,521,187 | | |
| 2.25 | |
Issued | |
| 230,000 | | |
| 1.39 | |
December 31, 2021 | |
| 12,144,838 | | |
$ | 2.20 | |
Issued pursuant to Unit Purchase Agreement | |
| 4,581,319 | | |
| 2.25 | |
Issued | |
| 300,000 | | |
| 0.01 | |
Exercised | |
| (300,000 | ) | |
| 0.01 | |
March 31, 2022 | |
| 16,726,157 | | |
$ | 2.21 | |
|