Annual report pursuant to Section 13 and 15(d)

Equity (Tables)

v3.23.1
Equity (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of Stock Option Activity
               
   

 

 

Options

    Weighted-Average Exercise Price Per Share  
Outstanding, December 31, 2020     73,368     $ 60.00  
Granted     24,633       89.70  
Exercised            
Forfeited     (2,500 )     61.80  
Expired            
Outstanding, December 31, 2021     95,501       67.50  
Granted            
Exercised            
Forfeited     (2,500 )     70.50  
Expired            
Outstanding, December 31, 2022     93,001     $ 67.42  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
     
   

Year Ended

December 31, 2021

 
Fair value of common stock on measurement date   $54.00 to $100.80 per share  
Risk free interest rate (1)   0.28% to 1.28%  
Volatility (2)   128.17% to 130.72%  
Dividend yield (3)   0%  
Expected term (in years)   5.56.3  

 

(1) The risk-free interest rate was determined by management using the market yield on U.S. Treasury securities with comparable terms as of the measurement date.
(2) The trading volatility was determined by calculating the volatility of the Company’s peer group.
(3) The Company does not expect to pay a dividend in the foreseeable future.
Schedule of warrant activity
               
   

 

 

Warrants

    Weighted-Average Exercise Price Per Share  
Outstanding, December 31, 2020     228,740     $ 97.20  
Granted            
Exercised     (88,228 )     24.60  
Forfeited            
Expired            
Outstanding, December 31, 2021     140,512       142.83  
Granted     4,237,900       2.88  
Exercised     (204,957 )     0.01  
Forfeited            
Expired     (40,203 )     330.00  
Outstanding, December 31, 2022     4,133,252     $ 4.35  
Schedule of RSU activity
               
   

 

 

RSUs

    Weighted-Average Grant Date Fair Value  
Non-vested, December 31, 2021         $  
Granted     9,523       10.02  
Vested            
Forfeited            
Non-vested, December 31, 2022     9,523     $ 10.02  
Schedule of performance units activity
               
   

 

 

PUs

    Weighted-Average Grant Date Fair Value  
Non-vested, December 31, 2021         $  
Granted     28,563       5.94  
Vested            
Forfeited            
Non-vested, December 31, 2022     28,563     $ 5.94