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WARRANT AGREEMENTS (Tables)
9 Months Ended
Sep. 30, 2021
WARRANT AGREEMENTS  
Schedule of change in warrant

 

 

Warrants

 

 

Weighted Average

Exercise Price

 

 

Weighted Average Contractual

Remaining Life

 

Outstanding, December 31, 2019

 

 

14,666,518

 

 

$3.70

 

 

 

2.99

 

Granted

 

 

303,030

 

 

 

1.32

 

 

 

1.86

 

Exercised

 

 

(771,318)

 

 

1.92

 

 

 

-

 

Forfeited/Expired

 

 

(11,718,381)

 

 

5.01

 

 

 

-

 

Outstanding, December 31, 2020

 

 

2,479,849

 

 

$1.86

 

 

 

1.23

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

(96,250)

 

 

1.00

 

 

 

-

 

Forfeited/Expired

 

 

(818,152)

 

 

5.01

 

 

 

-

 

Outstanding, September 30, 2021

 

 

1,565,447

 

 

 

2.18

 

 

 

0.92

 

Exercisable at September 30, 2021

 

 

1,565,447

 

 

$2.18

 

 

 

0.92

 

Schedule of warrant summary

Range of Exercise Price

 

Number of Warrants

 

 

Weighted Average Remaining Contractual Life (years)

 

 

Weighted Average

Exercise Price

 

 

Number of Warrants

Exercisable

 

 

Weighted Average

Exercise Price

 

$ 1.00–$2.31

 

 

1,565,447

 

 

 

0.92

 

 

$2.18

 

 

 

1,565,447

 

 

$2.18

 

 

 

 

1,565,447

 

 

 

0.92

 

 

$2.18

 

 

 

1,565,447

 

 

$2.18

 

Range of Exercise Price

 

Number of Warrants

 

 

Weighted Average Remaining Contractual Life (years)

 

 

Weighted Average

Exercise Price

 

 

Number of Warrants

Exercisable

 

 

Weighted Average

Exercise Price

 

$ 1.00–$6.00

 

 

2,479,849

 

 

 

1.23

 

 

$1.86

 

 

 

2,479,849

 

 

$1.86

 

 

 

 

2,479,849

 

 

 

1.23

 

 

$1.86

 

 

 

2,479,849

 

 

$1.86

 

Schedule of fair value of warrant valuation assumptions

 

 

September 30,

2021

 

 

September 30,

2020

 

Significant assumptions (weighted-average):

 

 

 

 

 

 

Risk-free interest rate at grant date

 

-

%

 

 

0.29%

Expected stock price volatility

 

-

%

 

 

74.46%

Expected dividend payout

 

 

-

 

 

 

-

 

Expected option life (in years)

 

 

-

 

 

 

3

 

Expected forfeiture rate

 

-

%

 

 

0%