Capital Stock (Tables)

3 Months Ended

Mar. 31, 2023

Warrants outstanding as of March 31, 2023 are as follows:


Issue Date	Warrants Issued	Exercise Price		Expiration Date
October 21, 2020	34,767	$	61.20	April 22, 2023
December 6, 2020	41,667	82.35		June 7, 2023
June 28, 2021	66,667	60.00		January 4, 2024 (a)
June 28, 2021	200,000	66.00		June 28, 2024
March 31, 2023	4,136,846	$	1.71	September 30, 2028

	4,479,947

(a) On January 3, 2023, the Company and all the holders of the Series A Warrants agreed to amend the terms of the Series A Warrants to extend the termination date from January 4, 2023 to January 4, 2024. All other terms of the Series A Warrants will remain in full force and effect. The modification resulted in an incremental value adjustment, and deemed dividend, of $25,000, which was recorded within additional paid-in capital during the three months ended March 31, 2023.

Warrant activity for the three months ended March 31, 2023 and the year ended December 31, 2022 is presented below.


	Outstanding
	Number of Warrants	Weighted Average Exercise Price
Warrants outstanding and exercisable, December 31, 2021	343,101	$	66.34




Warrants outstanding and exercisable, December 31, 2022	343,101	66.34
Granted	4,136,846	1.71



Warrants outstanding and exercisable, March 31, 2023	4,479,947	$	6.66