Annual report pursuant to Section 13 and 15(d)

Equity (Tables)

v3.22.0.1
Equity (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Schedule of Stock Option Activity
               
   

 

 

Options

    Weighted-Average Exercise Price Per Share  
Outstanding, December 31, 2019     1,764,500     $ 1.92  
Granted     561,236     $ 2.27  
Exercised            
Forfeited     (125,000 )   $ 2.20  
Expired            
Outstanding, December 31, 2020     2,200,736     $ 2.00  
Granted     739,000     $ 2.99  
Exercised            
Forfeited     (75,000 )   $ 2.06  
Expired            
Outstanding, December 31, 2021     2,864,736     $ 2.25  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
               
   

Year Ended

December 31, 2021

   

Year Ended

December 31,2020

 
Fair value of common stock on measurement date     $1.80 to $3.36 per share       $2.06 to $2.47 per share  
Risk free interest rate (1)     0.28% to 1.28%       0.33% to 0.82%  
Volatility (2)     128.17% to 130.72%       122.79% to 128.57%  
Dividend yield (3)     0%       0%  
Expected term (in years)     5.5 - 6.3       5.5 - 6.3  
Schedule of warrant activity
               
   

 

 

Warrants

    Weighted-Average Exercise Price Per Share  
Outstanding, December 31, 2019     3,986,630     $ 3.99  
Granted     2,875,000     $ 2.20  
Exercised            
Forfeited            
Expired            
Outstanding, December 31, 2020     6,861,630     $ 3.24  
Granted            
Exercised     (2,646,653 )   $ 0.82  
Forfeited            
Expired            
Outstanding, December 31, 2021     4,214,977     $ 4.76