STOCK WARRANTS STOCK OPTIONS AND RESTRICTED STOCK UNITS (Tables)
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6 Months Ended |
Jun. 30, 2023 |
STOCK WARRANTS STOCK OPTIONS AND RESTRICTED STOCK UNITS |
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Schedule of fair value of warrant and stock options granted |
| | June 30, 2023 | | | June 30, 2022 | | Exercise Price | | $ | 1.35 - 2.52 | | | $ | 4.25 - 6.00 | | Dividend Yield | | | 0 | % | | | 0 | % | Volatility | | 162-209% | | | 110-160% | | Risk-free Interest Rate | | 4.56-4.73% | | | 2.45-2.89% | | Expected Term | | 1.5 - 2.5 Years | | | 5 - 7 Years | |
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Schedule of warrant And Option outstanding Stock |
| | Warrants Outstanding Number of Shares | | | Exercise Price Per Share | | | Weighted Average Remaining Contractual Life | | | Weighted Average Exercise Price Per Share | | | Aggregate Intrinsic Value | | Balance at December 31, 2021 | | | 836,464 | | | $ | 1.50 – 9.00 | | | 3.04 Years | | | $ | 6.78 | | | $ | 1,784,838 | | Warrants Granted | | | 5,372,803 | | | $ | 4.25 – 6.00 | | | | n/a | | | $ | 4.31 | | | $ | - | | Warrants Exercised | | | - | | | $ | - | | | | | | | $ | - | | | $ | - | | Warrants Expired | | | - | | | $ | - | | | | | | | $ | - | | | $ | - | | Balance at June 30, 2022 | | | 6,209,267 | | | $ | 1.50 – 9.00 | | | 4.74 Years | | | $ | 4.64 | | | $ | - | |
| | Warrants Outstanding Number of Shares | | | Exercise Price Per Share | | | Weighted Average Remaining Contractual Life | | | Weighted Average Exercise Price Per Share | | | Aggregate Intrinsic Value | | Balance at December 31, 2022 | | | 10,387,877 | | | $ | 1.35 – 9.00 | | | 5.11 Years | | | $ | 1.92 | | | $ | - | | Warrants Granted | | | 611,998 | | | $ | 1.35 – 2.52 | | | | n/a | | | $ | 2.09 | | | $ | - | | Warrants Exercised | | | - | | | $ | - | | | | | | | $ | - | | | $ | - | | Warrants Expired | | | (334,166 | ) | | $ | 9.00 | | | | | | | $ | 9.00 | | | $ | - | | Balance at June 30, 2023 | | | 10,665,709 | | | $ | 1.35 – 5.31 | | | 4.73 Years | | | $ | 1.71 | | | $ | - | |
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Schedule of options pricing model |
| | June 30, 2023 | | | June 30, 2022 | | Exercise Price | | $ | 1.88 – 2.32 | | | $ | 8.25 – 9.08 | | Dividend Yield | | | 0 | % | | | 0 | % | Volatility | | | 148%-207% | | | | 191%-192% | | Risk-free Interest Rate | | | 4.09-4.40% | | | | 0.78%-1.52% | | Expected Term | | | 2.7 - 5.8 Years | | | | 2.0 – 3.0 Years | |
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Schedule of outstanding stock options |
| | Options Outstanding Number of Shares | | | Exercise Price Per Share | | | Weighted Average Remaining Contractual Life | | | Weighted Average Exercise Price Per Share | | | Aggregate Intrinsic Value | | Balance at December 31, 2021 | | | 1,053,356 | | | $ | 0.79 – 10.74 | | | 6.21 Years | | | $ | 3.39 | | | $ | 5,804,517 | | Options Granted | | | 70,000 | | | | 8.25 – 9.08 | | | 1.58 Years | | | | 8.29 | | | | - | | Options Exercised | | | - | | | | - | | | | - | | | | - | | | | - | | Options Expired/Forfeited | | | - | | | | - | | | | - | | | | - | | | | - | | Balance at June 30, 2022 | | | 1,123,356 | | | $ | 0.79 – 10.74 | | | 5.46 Years | | | $ | 3.70 | | | $ | - | |
| | Options Outstanding Number of Shares | | | Exercise Price Per Share | | | Weighted Average Remaining Contractual Life | | | Weighted Average Exercise Price Per Share | | | Aggregate Intrinsic Value | | Balance at December 31, 2022 | | | 1,103,583 | | | $ | 0.79 - 9.30 | | | 5.33 Years | | | $ | 1.71 | | | $ | - | | Options Granted | | | 850,000 | | | $ | 1.88 - 2.32 | | | 7.91 Years | | | $ | 2.26 | | | | - | | Options Exercised | | | - | | | | - | | | | - | | | | - | | | | - | | Options Expired/Forfeited | | | - | | | | - | | | | - | | | | - | | | | - | | Balance at June 30, 2023 | | | 1,953,583 | | | $ | 0.79 - 9.30 | | | 6.06 Years | | | $ | 1.95 | | | $ | - | |
| | Options Outstanding Number of Shares | | | Exercise Price Per Share | | | Weighted Average Remaining Contractual Life | | Weighted Average Exercise Price Per Share | | | Aggregate Intrinsic Value | | Exercisable at December 31, 2022 | | | 930,573 | | | $ | 0.79 - 9.30 | | | 5.83 Years | | $ | 1.60 | | | $ | - | | Exercisable at June 30, 2023 | | | 1,173,005 | | | $ | 0.79 - 9.30 | | | 5.29 Years | | $ | 1.67 | | | $ | - | |
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Schedule of RSU activity under the Plan |
| | RSUs | | | Weighted Average Grant Date Fair Value Per Share | | | Weighted Average Vesting Period | | Unvested at December 31, 2021 | | | 133,585 | | | $ | 8.56 | | | 0.97 Years | | Granted | | | 41,667 | | | | 6.92 | | | 0.52 Years | | Cancelled | | | - | | | | - | | | | - | | Vested | | | (16,667 | ) | | | 7.50 | | | | - | | Unvested at June 30, 2022 | | | 158,585 | | | $ | 8.17 | | | 0.49 Years | |
| | RSUs | | | Weighted Average Grant Date Fair Value Per Share | | | Weighted Average Vesting Period | | Unvested at December 31, 2022 | | | 380,000 | | | $ | 2.17 | | | 0.74 Years | | Granted | | | - | | | | - | | | | - | | Cancelled | | | (80,000 | ) | | | 2.17 | | | 0.58 Years | | Vested | | | (185,000 | ) | | | 2.17 | | | 0.55 Years | | Unvested at June 30, 2023 | | | 115,000 | | | $ | 2.17 | | | 1.17 Years | |
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