Stock-based Compensation, Warrants and Shares Reserved (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

The following table summarizes the outstanding stock option activity for the three months ended March 31, 2022:

The following table summarizes the outstanding stock option activity for the three months ended March 31, 2022:

Non-Plan Awards:

	Non - Plan Awards		Weighted Average Exercise Price		Weighted Average Remaining Contract Life
Total Outstanding Vested and Expected to Vest as of December 31, 2021		—	$	—		—
Granted		130,000		0.62		—
Options Canceled/Expired		—		—		—
Total Outstanding Vested and Expected to Vest as of March 31, 2022		130,000		0.62		9.88
Vested at March 31, 2022		25,000		0.62		9.88

2009 Equity Incentive Plan: 

	2009 Equity Incentive Plan			Weighted Average Exercise Price		Weighted Average Remaining Contract Life
Total Outstanding Vested and Expected to Vest as of December 31, 2021		4,985,415		$	4.21		4.05 years
Options Canceled/Expired		(199,273	)		4.61		—
Total Outstanding Vested and Expected to Vest as of March 31, 2022		4,786,142			4.19		3.97 years
Vested at March 31, 2022		4,781,209			4.19		3.97 years

The following table summarizes the RSUs outstanding at March 31, 2022:

The following table summarizes the RSUs outstanding at March 31, 2022: 

	Number of Shares/Unit			Weighted Average Grant Date Fair Value
Non-vested RSUs as of December 31, 2021		1,039,003		$	4.16
RSUs vested during the period		(139,003	)		3.09
RSUs forfeited during the period		—			—
Non-vested RSUs as of March 31, 2022		900,000		$	4.33

The following table summarizes warrants outstanding at March 31, 2022 and at December 31, 2021:

The following table summarizes warrants outstanding at March 31, 2022 and at December 31, 2021:  

	Warrant Shares			Exercise Price Per Share		Date Issued		Expiration Date
Old Adamis Warrants		58,824		$	8.50	November 15, 2007		November 15, 2022
2019 Warrants		13,794,000		$	1.15	August 5, 2019		August 5, 2024
2020 Warrants		350,000	**	$	0.70	February 25, 2020	*	September 3, 2025
Total Warrants		14,202,824

*	On September 3, 2020, the Company’s stockholders approved an increase in the number of authorized shares of common stock sufficient to permit exercise in full of all the 2020 warrants, and as a result, the warrants are exercisable effective September 3, 2020.
**	As of March 31, 2022 and as of December 31, 2021, the fair value of the warrant liability related to the 2020 Warrants was $90,268 and $ 99,655 respectively. See Note 8.

At March 31, 2022, the Company has reserved shares of common stock for issuance

At March 31, 2022, the Company has reserved shares of common stock for issuance upon exercise of outstanding options, warrants including all of the warrants in the table above and restricted stock units, as follows:

Warrants	14,202,824
Restricted Stock Units (“RSUs”)	900,000
2009 Equity Incentive Plan	4,916,142
Total Shares Reserved	20,018,966