WARRANT AGREEMENTS

6 Months Ended

Jun. 30, 2023

WARRANT AGREEMENTS

WARRANT AGREEMENTS

NOTE 15 – WARRANT AGREEMENTS

The Company’s warrant activity during the periods presented was as follows:

	Warrants			Weighted Average Exercise Price		Weighted Average Contractual Remaining Life (years)
Outstanding, December 31, 2021		1,565,447		$	2.18		0.66
Granted		-			-		-
Exercised		-			-		-
Forfeited/Expired		(1,252,947	)		2.23		-
Outstanding, December 31, 2022		312,500		$	2.00		1.12
Granted		-			-		-
Exercised		-			-		-
Forfeited/Expired		-			-		-
Outstanding, June 30, 2023		312,500		$	2.00		0.62
Exercisable at June 30, 2023		312,500		$	2.00		0.62

Warrant summary as of June 30, 2023:

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
$2.00–$2.00		312,500		0.62	$	2.00		312,500	$	2.00
		312,500		0.62	$	2.00		312,500	$	2.00

Warrant summary as of December 31, 2022:

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
$2.00–$2.00		312,500		1.12	$	2.00		312,500	$	2.00
		312,500		1.12	$	2.00		312,500	$	2.00

There were no warrants granted during the three and six months ended June 30, 2023 and 2022.

The aggregate intrinsic value of warrants outstanding and exercisable at June 30, 2023 was $0.